First Home Buyer's Complete Guide

Buying your first home is one of life's most exciting milestones — but it can also feel overwhelming. This comprehensive guide walks you through everything you need to know about purchasing your first home in Victoria.

Saving Your Deposit

Most lenders require a deposit of at least 5-20% of the property value. First-home buyers in Victoria may be eligible for the First Home Owner Grant (FHOG) of $10,000 for new homes, and stamp duty concessions that can save thousands.

Getting Pre-Approved

Before you start house hunting, speak to a lender or mortgage broker about pre-approval. This gives you a clear budget and shows sellers you're a serious buyer — giving you an edge in competitive markets.

The Inspection Process

Never skip a professional building and pest inspection. What looks like a dream home could hide costly structural issues. We always recommend our clients invest in thorough inspections before committing.

Making an Offer

Whether through private sale or auction, having a clear strategy is essential. Your Elite Living agent will help you navigate negotiations, understand contract terms, and ensure your interests are protected throughout.

Settlement & Beyond

Settlement typically occurs 30-90 days after the contract is signed. During this time, your conveyancer handles the legal transfer while you arrange insurance, utilities, and prepare for move-in day.

Ready to start your journey? Contact our team for a free first-home buyer consultation.