10 Questions Every First Home Buyer Should Ask (But Rarely Do)
You’ve got a million questions when buying your first home — and that’s totally normal.
But after helping thousands of first home buyers around Melbourne and beyond, we’ve noticed there are 10 game-changing questions that almost no one asks… but they really, really should.
Here’s your cheat sheet to avoid rookie mistakes, save serious cash, and breeze through your home loan journey like a pro.
1. What’s my borrowing power — and how much should I actually borrow?
Just because a bank says you can borrow $700k doesn’t mean you should. We help you work out what fits your lifestyle (not just the lender’s calculator).
2. What’s my real budget after all costs are included?
Between stamp duty, LMI, legal fees, and inspections — the extras add up. We'll break it down so you know your real numbers.
3. Am I eligible for any government schemes or grants?
The First Home Guarantee, regional grants, stamp duty concessions — these can save you tens of thousands. We’ll make sure you don’t miss out.
4. What loan features do I actually need?
Offset? Redraw? Fixed? Variable? We explain each and tailor it to your goals — whether that’s flexibility, savings, or getting debt-free sooner.
5. What happens if rates rise after I buy?
We stress-test your numbers, talk fixed vs variable, and show how different repayments look. No surprises, just smart planning.
6. What if my circumstances change in 1–2 years?
Want to start a family, change jobs, or renovate? We'll help structure your loan so it’s flexible and future-proof.
7. What are the risks with a low deposit loan?
We break down:
LMI
Higher repayments
What lenders look for
… and how we help you minimise risk and maximise opportunity.
8. How long does this whole process take?
Spoiler: it’s quicker than you think — especially when you’ve got Nude handling the admin. We map out a clear timeline so you’re never left in the dark.
9. Can I get a better deal down the track?
Yes. And we’ll review your loan regularly to make sure you’re still on a winner.
10. Why choose a broker over a bank?
Banks offer one product. We compare 30+. Plus, we:
Work for you, not the bank
Have a legal duty to act in your best interest
Stay with you post-settlement
👥 Real Stories Throughout
We’ll pepper this post with short, relatable client examples:
Sam in Carlton saved $3,200 just by asking about offset
Priya in Reservoir almost missed a $10k grant — until we flagged it
Lucas in Point Cook got his timeline right and avoided a nightmare settlement delay
✅ Want to Get Answers to Your 10 Questions?
Let’s build your loan plan, tailored to your life.
