Tips for finding the right suburb to buy your home in, with housing market expert Dr Andrew Wilson.

Transcript:

I don't think there really any suburbs to avoid buying your first home in.

Buyers choose according to what is important to them, that they make some compromises, and of course that they remain within their budgets.

When we're looking for emerging suburbs, price is a clear indicator.  Of course with population growth, job opportunities, these things all follow that.  Locating where the price energy is and maybe then taking that step further outwards from that particular high-growth suburb and getting there before the rest of the pack.

The primary mistakes for first-time buyers is perhaps to over stretch themselves financially.  I think getting into the market sooner rather than later is important and that you don't try to tick every box on your bucket list.

Also be mindful of your individual financial circumstances.

But at the end of the day home ownership will remain a key aspiration for Australians.