Buying Your First Home in Victoria: Where Should You Start?
Buying your first home is an exciting milestone, but knowing where to begin can sometimes feel overwhelming.
From understanding your borrowing capacity to finding the right property, there are several important steps first-home buyers should consider before making an offer.
1. Understand your budget
Before starting your property search, it is important to understand how much you can comfortably afford. Consider your deposit, ongoing repayments and other costs associated with purchasing a property.
2. Get your finances organised
Speaking with a lender or mortgage broker can help you understand your borrowing capacity and what your repayments may look like.
3. Research the area
Location is an important part of any property decision. Consider access to schools, transport, shopping, parks, employment and future infrastructure.
4. Look beyond the asking price
The purchase price is only one part of the overall cost of buying a home. Buyers should also consider applicable government charges, conveyancing, inspections, loan costs and other purchasing expenses.
5. Do your research before making an offer
Take the time to understand the property, comparable sales and the terms of the sale before making an offer or bidding at auction.
A little preparation can make a big difference
Buying your first home doesn't have to be overwhelming. Having the right information and professional support can help you approach the process with greater confidence.
At AB Real Estate Agency, we are here to help buyers understand the property journey and make informed decisions.
Source: Consumer Affairs Victoria
Published: September 2026