How to Know If You're Ready to Buy Your First Home

“I think I’m ready to buy a house... maybe?”

Sound familiar? You’re not alone.

At Nude Home Loans, we talk to first home buyers every day who aren’t sure whether they’re actually ready to take the leap. (Spoiler: most of them are closer than they think.)

So if you're asking yourself, “Am I ready to buy?” — here’s how to figure it out, fast.

🤔 Financial Signs You’re Ready

1. You’ve Got Some Savings

You don’t need 20% — but you’ll usually need at least 5% of your target property price.

• $30k = 5% deposit on a $600k home

• Plus extra for costs (stamp duty, legal fees)

2. Your Income Is Stable

Lenders love consistency. If you’ve been employed steadily for 6–12 months, that’s a great start.

3. Your Debts Are Under Control

You don’t need to be debt-free, but:

• Credit cards are paid down (or closed)

• Buy Now Pay Later is minimal

• Car/personal loan repayments are manageable

Nude Tip: We’ll help you tidy up your finances before you apply.

🌟 Emotional Signs You’re Ready

1. You’re Over Renting

The rent hikes, the inspections, the lack of control — you’re ready for a place that’s yours.

2. You’ve Started Dreaming in Floorplans

Open homes. Suburb maps. Mortgage calculators. It’s happening.

3. You Want to Build Wealth

You’re thinking long-term. You want to get into the market, grow equity, and stop paying off someone else’s mortgage.

4. You Want to Put Down Roots

You don’t need a forever home — just a place to start building your own life on your terms.

🔔 What You Don’t Need to Be “Ready”

• A 20% deposit (we’ve helped buyers with as little as 5%)

• Perfect credit (we’ve seen all sorts and made it work)

• To know everything (that’s what we’re for)

Don’t wait for perfect. Wait for possible — and that could be now.

🏡 Real Example: Zara & Sam in Melbourne

• Had $28k saved and steady jobs

• Unsure if it was “enough” to buy

We:

• Helped them qualify for the First Home Guarantee

• Got them into a $560k unit in Coburg with 5% deposit

• Avoided LMI and kept repayments affordable

Their words:

“We were waiting for a sign that we were ready. Turns out, it was just chatting to Nude.”

✅ Let’s Check If You’re Ready (For Real)

Buying your first home isn’t about being perfect — it’s about being prepared.

At Nude, we help you:

• Understand your borrowing power

• Explore low deposit and grant options

• Get prepped for your first step into the market

👉 [Book a free readiness check-in with Nude Home Loans]

No pressure. No stress. Just a real talk about whether now’s your time.