What are your Options as a First Home Buyer?

Owning one’s first home is the realization of a dream for many, but the road towards that goal is definitely not made of yellow bricks. There are many obstacles to overcome, many factors to consider. One of the most significant decisions you’ll be making in the process is choosing what type of property to purchase. Here are three types of property that you will likely encounter on your home ownership journey:

A newly built home

Having a new home built is ideal if you have a specific design in mind or want to be more involved in the construction process. The downside is that the construction can take months, so patience will be necessary if you choose this option.

Established homes

Buying an established home means you get to move in as soon as you finalise the purchase. However, established homes tend to be pricier. You’ll also need to have a thorough home inspection done to avoid discovering costly issues after you’ve moved in.


Off-the-plan properties mean you buy a property that hasn’t been built yet at a discount price. Now that the First Home Owners Grant has been increased to $10,000, off-the-plan properties have become all the more attractive to first home buyers. Be careful though—since you haven’t seen the property yet, off-the-plan is a high risk investment.

You can get in touch with a home builder or real estate agent to learn more about each option, including what they have to offer you.

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