Property story: 30yr old from Melbourne with words of wisdom on buyer’s remorse

The First Home Guidebook

Today we hear from a 30-year-old single female who bought a two-bedroom apartment in Elwood, Melbourne for $640,000.00. Though she was excited to be checking a property purchase off her life to-do list, she felt she rushed the decision and offers some of the wisdom she gained in hindsight.

As a self-employed photographer on a fluctuating income, she understood the potential risks involved with buying a home on her own. However, owning a property had always been a priority and she forged ahead, managing to save a substantial amount of money to put towards a deposit.

Though she had initially made up her mind to purchase a property in the country, she ended up evaluating her lifestyle and decided to look for properties in Melbourne’s northside. She shares how the competitive property market drove her to expand her search to other areas, which led her to the home in Elwood that she now owns.

The auction process can often be a deflating one, with so many other buyers in attendance to compete with. She talks about the fatigue she experienced from losing out on properties she loved, and how this influenced her to go higher than her original budget to secure the property she ended up buying.

Her elation after a whirlwind purchasing process quickly settled after she moved into the property and realised that it wasn’t her ideal home. She talks us through her emotions and thought process during this time, and how she obtained a clarity call from an industry professional to help ease the anxiety and regret she felt around the decision she’d made.

She shares some valuable wisdom on knowing your strategy for the future, being patient and waiting to find a property that you are excited to call home.

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