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Researching the market

Start your research by getting some general ideas about how much you’re likely to pay for a new home.

Property prices

A good first step is to look at property listings. You can find these:

  • in real estate agency windows
  • on the internet
  • in newspapers’ property sections.

If you’re thinking about a certain suburb or neighbourhood, you should make sure you have a clear idea about property prices in this area.

Do this by:

  • using SmartMaps to find out what properties have sold in the area, and for how much (you must pay a fee for this service)
  • attending open inspections in the area
  • talking to friends or family who have recently bought a home in the area
  • talking to a licensed real estate agent.

These factors have a long-term impact on housing prices:

  • General economic trends
  • Changes in the balance between housing supply and demand.

Look at things like:

  • Reserve Bank of Australia (RBA) statements about official interest rates (look for ‘monetary policy decisions’ on the first Tuesday of each month)
  • media reports about trends in house prices, supply and demand
  • property agents’ reports about these trends.

Grants and concessions

The Queensland First Home Owners' Grant can help you afford your first home.

You might also be eligible for a transfer duty home concession.

Find out about other financial help and concessions.