Extra costs

Make sure you’re leaving enough room for water rates, council rates and potential strata fees.

Having a reasonable budget

Having a reasonable budget means that you’ll be prepared for the other costs involved in owning the property as previously mentioned.

Arranging insurance

Just like owning a car, it is important that you will arrange insurance on your property.

Clouded judgement

Many purchases rush into a decision due to clouded judgement. Make sure that you read over the necessary documents and do your due diligence before purchasing a property.

Looking for further readings about this topic? Read up on our blog about choosing between buying now or waiting.

For more videos like this, head on to our official Youtube channel.

Other first-time buyer related blogs: