In this episode of Buying Melbourne, we break down the biggest mistakes first home buyers make  and how to avoid them.

Buying your first home is one of the biggest financial decisions you’ll ever make, yet many buyers walk in thinking they’re prepared… when in reality, the most costly mistakes often feel logical in the moment.

From misunderstanding suburbs to relying on price guides, these small missteps can cost tens  even hundreds  of thousands over time.

In this episode, we unpack where first home buyers go wrong, how the market really works, and what you need to do to stay in control and buy smart from day one.

What You’ll Learn:

• Why truly understanding a suburb (and its different pockets) can make or break your purchase
• How to research the sold market to understand real value not just price guides
• The dangers of getting emotionally attached to a property too early
• Why price guides can be misleading and how to assess true market value
• What effective negotiation actually looks like and where most buyers go wrong
• Why trying to time the market can hold you back (and what to focus on instead) 

👋 About the Show

Buying Melbourne is Melbourne’s go-to podcast for buyers who want to make smarter property decisions. Hosted by Tristan Larkin and James Rankin from Tomii Property, we bring you expert tips, market insights, and real stories from the frontlines of real estate, finance, and construction. Auctions, rates, off-markets - we’ve got you covered.

🔗 Resources & Links

Join our mailing list & read the blog → www.tomii.com.au

Subscribe for weekly auction results → www.tomii.com.au/auction-results

Follow Tristan on TikTok & Instagram → @tristanlarkin

Follow James on TikTok & Instagram → @james__rankin