6 First Home Buyer Tips for Bondi & Surrounds

With the incredible coastline, the café culture, the green spaces and the easy connection to the CBD, who wouldn’t want to buy their first home in Sydney’s Eastern Suburbs? If you’ve dutifully been saving your deposit and seeking out what’s available in the area, these first home buyer tips from our Bondi Junction real estate team could help you find your ideal new place.

Narrow down your suburb hunt

It makes sense to narrow your search down to two or three key suburbs that offer everything you’re looking for, as one of the first steps to purchasing a home for the first time. Perhaps Dover Heights and Double Bay might be out of your price range – but Bondi Junction has some incredible apartments to offer that are close to the beach. Kensington and Randwick are other suburbs proving popular with first home buyers and young professionals looking to snap up prime eastern Sydney real estate.   

Look close to the amenities you actually use

If you’re buying your home to live in, then it’s wise to prioritise the lifestyle amenities you’ll actually benefit from. That might mean looking for property that’s closer to the city, Centennial Parklands or the beach rather than golf courses – unless you tee off every weekend, of course! Other key priorities might include public transport options, proximity to UNSW or the convenience of having shops within walking distance.

Plan for future needs as well as current needs

First home buyers are often going through big life stages while searching for their first home, and it’s worth thinking about how your property needs might change in the next 5 years. Will you need an extra bedroom for friends and family to stay? Extra space for your growing family, or a backyard for the kids or dogs? A little extra planning now could save you the hassle of moving again in just a few years.

Invest where property will always be in demand

Property in Sydney’s Eastern Suburbs tends to hold its value very well in a relative sense, and apartment oversupply in the area is unlikely because there aren’t too many new locations to develop. The amenities are also fantastic, including the beaches, top schools, transport links and parklands, so there’s a good chance a property here will stay in demand over the long term.

Take advantage of all available first home buyer grants in NSW

Of course, you’ll want to take advantage of every first home buyer concession and grant that you’ll be eligible for. You can visit this recent article to explore the current first home buyer grants that are available in New South Wales. The First Home Buyer Assistance scheme is currently the broadest financial support on offer, applying for eligible buyers of existing and new homes.

Speak with your local real estate agent

Whether you’re scoping out what’s available in the local property market or you’re looking for something in particular, your local real estate agent such as Wills Property can be an incredibly helpful contact. Our team has an excellent grasp on what’s available in the market at any one time, and can help you to locate ideal properties to consider. We aim to support clients in the long-term, and can also manage your property should you ever wish to rent it out. To get started, take a look at available listings today.

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