Buying guide

7 first home buyer mistakes that could cost you thousands (and how to avoid them)

What are some common mistakes made by first home buyers? Find out how to avoid them and get ready to buy your first home

Hannah Hilliam
Last updated: 1 August 2025 | 3 min read

1. Not Knowing Your Budget

It's important to know your budget when hunting for your first home.

2. Not checking your credit score

4. Not Shopping Around for Your Mortgage

5. Not Using Schemes to Boost Your Deposit

6. Not Hiring a Good Property Lawyer

7. Not Getting a Builder’s Report

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Author

Hannah Hilliam Hannah Hilliam