Approaching the market to buy your first home can be a daunting experience. Purchasing property is a huge commitment. Real estate is one of the biggest assets most Australians will undertake in their lives, so it's essential you understand what to look for in a good home.
For example, when you're investigating Surfers Paradise property, one thing to keep in mind is the location of schools in the local area. If you're a young couple looking forward to having children or already have some kids, education is important. Make sure any potential homes are in range of a local school. This will help avoid complicated transporting issues and zoning barriers, so that your kids can go to school without hassle.
Another thing to keep in mind when looking for your first home is your finances. Remember that you need to have at least 20 per cent of a property's value as a deposit before going to see a mortgage broker.
This should also factor into the types of properties you look for when investigating the market. Working out how much your savings are in comparison to the value of a home will give you a good idea about if you're on the right track or not.