Taking the leap into homeownership is one of life's biggest milestones. To help you navigate the process with confidence, we've created a comprehensive checklist for first-home buyers.

1. Define Your Goals and Budget

Before you start browsing listings, determine what you can realistically afford. Use online calculators to estimate your borrowing power and factor in additional costs like stamp duty, legal fees, and inspections.

2. Get Your Finances in Order

Lenders will scrutinize your financial health. Start by reducing debt, saving a consistent deposit, and obtaining a pre-approval from a bank or mortgage broker. This shows sellers you're a serious buyer.

3. Research Government Grants

The Australian government and various states offer grants and schemes for first-home buyers, such as the First Home Owner Grant (FHOG) and the First Home Loan Deposit Scheme. Check your eligibility to see how much you could save.

4. Create Your Property Wishlist

Decide on your non-negotiables. How many bedrooms do you need? Is a backyard essential? What suburbs are you interested in? This will help narrow your search.

5. Start the Hunt and Inspect Properties

Attend open homes and schedule private inspections. Look beyond the aesthetics—check for structural issues, signs of pests, and the overall condition of the property.

6. Engage Professionals

A great team is crucial. This includes a reliable conveyancer or solicitor to handle the legal work and a buyer's agent to help you find and negotiate the best price.

7. Make an Offer and Finalise the Purchase

Once you've found the right property, it's time to make an offer. If accepted, your conveyancer will guide you through the final steps, from signing the contract to settlement day. Congratulations, you're a homeowner!

The First Home Buyer's Checklist: 7 Steps to Your New Home