First Home Buyers

Your Journey, Your Trusted Melbourne Buyer’s Advocates

How a buyer’s agent help you as a first home buyer

The journey of purchasing a property, as many first home buyers can attest, is very time-consuming. Prior to engaging a buyer’s agent, a significant portion of our clients share that they have spent over six months attending property opens and participating in unsuccessful auctions. Some of the key areas that help you are:

A buyer’s agent streamlines the buying process

They save you time by presenting only the most suitable properties based on your preferences,

Reduces information overload, stress and burnout

Manage all the property due diligence on your behalf giving you confidence on a sound property to purchase

Manage the auction day and negotiations

The use of a buyer’s agent can condense this process to just a few months.

Why use Elite

We specialise as a Melbourne buyers agent for first home buyers

A buyer’s agent streamlines the buying process by presenting only the most suitable properties based on your preferences, eliminating information overload and saving you time.

We are Melbourne property market specialists
We are reputable, trusted and experienced
We buy properties with capital growth
We predominately buy houses for clients
We use specialised data and research to help make decisions
We are connected to all major real estate partners
We can provide unprecedented off-market property options
We have the testimonials and experience to help you
We use our ‘buy side’ process to help find the right property
We are above all ‘we’re on your side’ leading property purchase strategy

Our process is simple

Elite Buyer Agents are here to help you in the often overwhelming experience of buying your first home.

Need a property?

We will listen in details about your property requirements and goals you are trying to achieve. After learning about your needs, we create a plan/strategy for your property success.

Search for properties

Many properties are publicly advertised for sale, many are not. Approximately 20% of the properties that we purchase are Off Market. Our Buyer Agents have extensive Real Estate Networks to give you access to more properties than those simply advertised on the internet.

Research & value

Once a suitable property has beed identified, we will conduct due diligence and ax extensive report which includes an appraisal of the property’s market value. A property negotiation should never commence without this step being completed thoroughly.

Negotiate & deliver

Our team implements tough negotiation strategies, putting you in the “Box Seat” to secure the property. Whether it’s at Auction, negotiated before Auction or Private Sale, we strive to get you best possible price.

What our clients say

Factors to Consider When You Are a First Home Buyer

Can I still use a First Home Owner Grant?

Yes — in Victoria, the First Home Owner Grant (FHOG) provides $10,000 toward the purchase of a new home valued up to $750,000. It applies to newly built homes, off-the-plan purchases, and substantially renovated properties. It cannot be used for established homes. Your conveyancer or mortgage broker can confirm your eligibility and apply on your behalf at settlement.

How much do buyer's agents cost?

Fees vary according to the service required and can be either a fixed or percentage based fee. The fee typically varies from 1.1% to 2.2% including GST, with part of that fee paid upfront as an engagement fee and the remainder paid 14 days after a contract of sale is signed.

Preparations before engaging a buyer's agent.

Before you engage a buyer’s agent, it helps to have a clear sense of your budget, preferred suburbs, and what you need in a property — bedrooms, land size, proximity to work or schools. The more specific your brief, the faster and more effectively we can search on your behalf. You should also have your finance at least at pre-approval stage so you’re ready to move when the right property comes up.

Speak to a mortgage broker.

Before you start searching, speak to a mortgage broker to understand how much you can borrow and what your repayments will look like. A broker compares loan products across multiple lenders — not just one bank — and can identify grants or schemes you may be eligible for, such as the First Home Guarantee, which allows eligible buyers to purchase with as little as a 5% deposit without paying Lenders Mortgage Insurance.

Choose a qualified legal representative.

You’ll need a conveyancer or property solicitor to review the contract of sale, conduct title searches, and manage the legal transfer of the property. For first home buyers especially, having someone who can explain what you’re signing is essential. We can refer you to trusted professionals we work with regularly across Melbourne and Geelong.

Get your loan pre-approved.

Pre-approval means your lender has assessed your financial position and confirmed in principle how much they’ll lend you. It gives you a clear budget to work within and puts you in a stronger position when it comes to negotiations or auction day. Without pre-approval, you risk missing out on a property or overcommitting financially.

Where should I buy?

Location is the most important factor in long-term property performance. For first home buyers, the right suburb balances affordability, lifestyle, and future capital growth. We use independent data and research — not guesswork — to identify suburbs with strong fundamentals. We’ll also factor in your commute, school zones if relevant, and where the market is heading, not just where it’s been.

Why do I want to buy a property?

It’s worth being clear on this before you start. Are you buying to live in long-term, or as a stepping stone? Do you want to build equity, reduce rent exposure, or establish a base close to family? Your answer shapes everything from the type of property we target to the suburb and price point we focus on. We have this conversation with every first home buyer client before we begin.

How much should I spend?

Spend what your pre-approved finance allows — minus a buffer for unexpected costs like stamp duty, legal fees, building inspections, and moving costs. In Victoria, first home buyers purchasing under $600,000 pay no stamp duty; properties between $600,000 and $750,000 receive a concession. Factor these into your planning from the start so there are no surprises at settlement.

How long do I want to retain the property?

Property is a long-term investment. As a general rule, holding for a minimum of seven to ten years gives the market time to move through its cycle and for your equity to grow. If your circumstances may change — job, family, location — we’ll help you choose a property with broad appeal and resale flexibility, so you’re not locked in if your plans shift.

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Meet our team

Specialists in the Melbourne Property Market, Elite Buyer Agents are the leading Buyers Agent in Melbourne (otherwise known as Buyers Advocate) and have fostered trusting and professional relationships across multiple locations in Australia.