First Home Buyers
First Home Buyers
Jun 4, 2025
by

Nude Home Loans

5 Things Every First Home Buyer Gets Wrong

5 Things Every First Home Buyer Gets Wrong

5 Things Every First Home Buyer Gets Wrong (And How to Avoid Them)

Let’s be real — buying your first home is exciting, but it’s also a maze of confusing terms, random advice, and costly mistakes just waiting to happen.

At Nude Home Loans, we’ve seen the same 5 mistakes pop up again and again — and the good news? They’re easy to avoid (with the right guidance).

Here’s how to dodge the biggest first home buyer blunders in 2025.


1. 🎯 Overestimating What You Can Borrow

Many buyers think they can borrow based on salary alone. But lenders look at a bunch of stuff:

  • Your spending habits

  • Debts and credit cards

  • Living expenses

  • Number of dependents

  • Type of employment

We’ve seen someone on a $90k income get approved for less than someone earning $75k — all because of lifestyle and debt differences.

How to avoid it:

  • Use real serviceability calculators (ours factors in lender criteria)

  • Don’t guess — get pre-approved


2. 💸 Forgetting About the Hidden Costs

The deposit is just the beginning.

There’s also:

  • Stamp duty (unless you’re exempt)

  • Conveyancer fees

  • Building/pest inspections

  • Loan setup costs

  • Moving expenses

These can add up to $10k–$25k easily.

How to avoid it:

  • Work with a broker who helps you build an all-in budget

  • Look into stamp duty exemptions (we’ll help check!)


3. 🤷‍♂️ Skipping Pre-Approval

We’ve said it before and we’ll keep saying it: don’t shop without a budget.

Too many buyers start looking at homes before they know what they can actually borrow — and then fall in love with something out of reach.

How to avoid it:

  • Chat with us about getting pre-approved early

  • Avoid the heartbreak (and house hunting fatigue)


4. 🚫 Ignoring Government Grants

There are so many government schemes out there — and they’re changing all the time.

You might be eligible for:

  • First Home Guarantee (5% deposit, no LMI)

  • VIC First Home Owner Grant (for new builds)

  • Stamp duty exemptions or discounts

How to avoid it:

  • Book a strategy session with Nude — we’ll check what you qualify for


5. 🏦 Going Straight to the Bank

Your bank may be lovely… but they’re limited to their own products. You might be missing out on:

  • A better rate

  • A loan with better features (offset, redraw, etc.)

  • More flexible borrowing limits

How to avoid it:

  • Work with a broker (like us!) who compares 30+ lenders

  • Let us negotiate better rates and loan structures for you


🔍 Real Client Case: Zoe in Thornbury

Zoe came to us after being told by her bank she could only borrow $540k. We ran her numbers across multiple lenders — and got her approved for $620k.

She ended up buying a home she actually loved — not one she settled for.

“The Nude team didn’t just get me a loan — they got me the right loan, and helped me avoid rookie mistakes.”


✅ Ready to Buy Smarter?

Avoiding these mistakes could save you thousands and months of stress.

We’ll help you:

  • Get your true borrowing power

  • Budget for all the costs

  • Unlock grants and schemes

  • Choose the best lender (not just the loudest one)

👉 [Book your free first home buyer session with Nude Home Loans]

Let’s do this right the first time.

need a loan?

Let's strip that down together

The Road To Home Ownership Starts With A Single Step.

Nude Home Loans was established with one primary goal - Let's get every Australian into the property market.

We believe the best way to do this is by providing you with the tools and information to make an informed decision about your home loan without the stress or hassle commonly associated with the process.

We strive to make your journey to home ownership an easy and enjoyable one, because it is an exciting journey, and we believe it is something to celebrate.

need a loan?

The Road To Home Ownership Starts With A Single Step.

Nude Home Loans was established with one primary goal - Let's get every Australian into the property market.

We believe the best way to do this is by providing you with the tools and information to make an informed decision about your home loan without the stress or hassle commonly associated with the process.

We strive to make your journey to home ownership an easy and enjoyable one, because it is an exciting journey, and we believe it is something to celebrate.

need a loan?

The Road To Home Ownership Starts With A Single Step.

Nude Home Loans was established with one primary goal - Let's get every Australian into the property market.

We believe the best way to do this is by providing you with the tools and information to make an informed decision about your home loan without the stress or hassle commonly associated with the process.

We strive to make your journey to home ownership an easy and enjoyable one, because it is an exciting journey, and we believe it is something to celebrate.

Nude Home Loans Pty Ltd
ACN 670 555 030 is credit representative number 554048 of Buyers Choice Licensing Pty Ltd ACN 626 172 281 (Australian Credit Licence No. 509484).

Nude Home Loans Pty Ltd
ACN 670 555 030 is credit representative number 554048 of Buyers Choice Licensing Pty Ltd ACN 626 172 281 (Australian Credit Licence No. 509484).

Nude Home Loans Pty Ltd
ACN 670 555 030 is credit representative number 554048 of Buyers Choice Licensing Pty Ltd ACN 626 172 281 (Australian Credit Licence No. 509484).