First time buyer - process
Hi everyone,
28M - First time home buyer here. My wife & I are in a position whereby we are looking to buy our first property in Sydney, buy to live, around the $800k mark. We only want a modest 2 bedroom apartment, and want to keep the purchase price under $800k so we are stamp duty exempt.
Fortunately we have been smart with our income and have managed to save around a 50% deposit ($400k).
We have been inspecting properties and have found some that we like and can see ourselves putting an offer down.
We have the additional $400k loan pre approved - my question is around the process from here as it’s our first time buying.
I understand we need a property conveyancer to look over the contract:
- Is this something that needs to be done prior to submitting a formal offer?
- What is a typical conveyancer fee structure and when is payment due?
- If we want to make an offer on 3 seperate properties, do we have to pay the conveyancer 3 times?
With the market so competitive at the moment, we want to get offers out on as many properties that we like, but don’t want to accrue unnecessary fees.
Any help would be great!
Posted Aug 4, 2025, 11:14 AM UTC