Landmark Group
Apr 18, 2021

First home buyers guide to securing an apartment


First home buyers can avoid the traps in securing their first property by proper research and preparation, especially in the current hot Sydney market.

Start your property search by making a checklist of all the features you are looking for in an apartment, including proximity to transport hubs, restaurants and cafes, the number of bedrooms, storage space and parking spots. Investigate online the suburbs where you want to purchase and set alerts to be notified when they come on to the market.

If buying a new apartment, only choose from developers that have an onus on quality, as well as value.  Ask what sort of quality assurance scheme they have – it should be comprehensive.

Ensure that the price of the apartments you look at are in your price range. The advantage of buying off the plan is that the price is set up front and settlement of the total purchase is delayed until it is ready for occupation.

With the Sydney property market running hot, the duration of construction could provide you with a profit as prices are gaining momentum amid the low interest rate environment.

Landmark Group

A property located in a suburb close to employment options, good public transport and road infrastructure, schools and childcare centres, as well as amenities like parks, cafes and shopping centres, are attractive to many buyers.

It’s also worth considering how a suburb will change while you are living there, as a lot of development may change and hopefully improve a suburb’s character. Don’t overlook the importance of choosing a suburb you will enjoy living in, as this can have a big effect on your health and wellbeing. It is wise also to seek a location near your family, friends and work, while investigating the ongoing costs of owning the apartment, like strata levies and council rates.

For first home buyers, organising finances is crucial and most look for a mortgage product that has the lowest interest rate.

Landmark Group

For first home buyers, organising finances is crucial and most look for a mortgage product that has the lowest interest rate. First home buyers should remember some important tips to avoid the pitfalls in buying a property:

  1. Work out how much you can afford to spend before you even look, and only look at apartments clearly advertised within that price range.
  2. Check with your financial institution or mortgage broker to work out what loan product suits your needs – especially your borrowing limit!
  3. When working out the best home loan for you, look at the ongoing payments, especially in the fine print for monthly service fees and other charges.
  4. If you are worried about ongoing interest rate rises, you can split your loan between variable and fixed rates.
  5. Consider fortnightly payments, not monthly, so the interest on your mortgage does not add up.
  6. Remember a low start-up interest rate, or honeymoon rate loan does not necessarily mean you will be paying less for your property in the long term, as it usually means the costs have been deferred to later in the loan’s life.
  7. Make absolutely sure your home loan repayments do not overly impact on your lifestyle. You do not want to eat baked beans for the next 25 years! Never over-estimate your earnings nor understate your financial commitments when applying for a loan.
  8. When you are looking for a house or apartment, work out whether you plan to live in it for many years or use it as a stepping stone for something bigger and better.
  9. The best step you can take in the search for your first place is get pre-approval for a loan.

Buying your first property is one of the most exciting events in your life and the better your research and preparation, the greater your enjoyment…and financial rewards.

This article was written by and published by Landmark Group.



Landmark Group does not guarantee, warrant or represent that the information contained in this advertising and marketing document is correct. Any interested parties should make their own enquiries as to the accuracy of the information. We exclude all inferred or implied terms, conditions and warranties arising out of this document and any liability for loss or damage arising there from.


Privacy Policy

Last updated: 20 July 2020


Landmark Group Pty Ltd and its related companies (collectively referred to as “Landmark Group”, “us” or “we”) respect the privacy and security of your Personal Information, as defined below, and comply with the requirements of the Australian Privacy Principles (“APP”) under the Privacy Act 1988 (Cth) (“the Act”).

This Privacy Policy explains in general terms how Landmark Group handles your Personal Information. However, it does not apply to Landmark Group employee records to the extent they are handled by any of our companies that is or was the employer of that employee in relation to the employee’s current or former employment. Such employee records are generally exempt from the Act and will be dealt with as permitted by law.

You may be able to deal with us without identifying yourself (i.e. anonymously or by using a pseudonym) in certain circumstances. If you wish to do so, please contact us to find out if this is practicable in your circumstances. However, if you do not provide us with the Personal Information we have requested, we may not be able to complete or fulfil the purpose for which we collect the information, including providing our services.

By visiting our website, using any of our services or otherwise providing us with your Personal Information (or authorising it to be provided to us by someone else), you agree to your Personal Information being collected and handled as set out in this Privacy Policy.


Under the Act Personal Information is defined as information or an opinion about an identified individual, or an individual that is reasonably identifiable, in whatever form and regardless of whether it is true or not (“Personal Information”). The Act also defines a subset of Personal Information as sensitive information (for example health records, racial or ethnic origin, religious beliefs, criminal records).

The types of Personal Information we collect and hold will depend on the circumstances of collection and on the type of service we are providing. For example, when we are engaged to sell a property, we may collect and hold Personal Information from both the seller and potential buyers such as name, address, email address, telephone numbers, employment details and details about their business.

We may also collect and hold certain sensitive information that is reasonably necessary for the provision of our services, including health and criminal records. If you provide us with any sensitive information, you consent to us collecting that information and handling it in accordance with this Privacy Policy.


We may collect Personal Information either directly from you, or from third parties. We may collect this information when you deal with us over the telephone, send us correspondence (whether by letter or email), have contact with us in person, visit our websites or complete hard copy or online forms.

Depending on the type of service you or our customers have requested, we may also seek to collect information about someone else from you (for example, contact details of your solicitor, emergency contact person or tenant). However, you must not provide us with Personal Information about another person unless you have clear consent from that person to do so, told them that their Personal Information will be handled in accordance with this Privacy Policy and directed them to where they can find it. Regardless of how it is collected, we handle Personal Information in accordance with this Privacy Policy.


We generally collect, hold and use your Personal Information for the purposes for which it is provided to us (which will usually be obvious at the time of collection), related purposes or as permitted or required by law. Such purposes may include:


We may disclose your Personal Information to third parties as may be necessary for any of the purposes stated in the above section. Such third parties generally include our third-party providers, contractors, consultants, agents and/or representatives (such as law firms, banks, financial institutions, insurers, IT providers, mortgage referral services providers and/or wealth management services providers) who provide services to us or on our behalf, including to:


However, you acknowledge that, by agreeing to the disclosure of your Personal Information to the above third parties, you consent to the disclosure of your Personal Information outside of Australia and acknowledge that we are not required to ensure the overseas recipient’s compliance with Australian privacy law in relation to your Personal Information and we will not be liable to you for any breach of Australian privacy law by these overseas recipients. We will, however, take reasonable steps to ensure that any overseas recipient will deal with such Personal Information in a way that is consistent with the APPs. On this basis, you consent to such disclosure.


We take reasonable steps to protect any Personal Information that we hold from misuse, interference and loss and from unauthorised access, alteration and disclosure. For example, we implement IT security procedures including password protection, firewalls and site monitoring and we store your Personal Information on a secure server.

However, data protection measures are never completely secure and, despite the measures we have put in place, we cannot guarantee the security of your Personal Information. You must take care to protect your Personal Information (for example, by protecting any usernames and passwords). You should notify us as soon as possible if you become aware of any security breaches.


When you register as a member on our websites, you will be given a choice as to whether you want to receive e-mail messages from us, including newsletters, announcements and e-mail communications about our latest news, products or services. To the extent the relevant local law requires us to seek your consent, we will only send such messages to you if you opt-in.

If you do not wish to receive direct marketing calls or materials, you may use the unsubscribe facility in the marketing communication or contact us. Further, as a registered member with us, you can modify your choice at any time by accessing your registered account with us. We will stop using your Personal Information for direct marketing if you so request.


Our websites may contain links to the websites of other entities. If you click on such links, you will be transferred to the websites of these entities. We have no control over, and are not responsible for, the privacy practices of these entities. You should read the privacy policy of these entities to find out how they handle your Personal Information when you visit their websites.


You can access the Personal Information we hold about you by contacting us using the information below. Sometimes, we may not be able to provide you with access to all of your Personal Information and, where this is the case, we will tell you why. We may also need to verify your identify when you request your Personal Information.

If you think that any Personal Information we hold about you is inaccurate, please contact us and we will take reasonable steps to ensure that it is corrected.


If you wish to make a complaint about a breach of this Privacy Policy or the APPs under the Act you can contact us using the contact details below. Please include your name, email address and/or telephone number and provide sufficient details regarding your complaint together with any supporting evidence.

We will investigate the issue and determine the steps that we will undertake to resolve your complaint. We will contact you if we require any additional information from you and will notify you in writing of the outcome of the investigation.

If you are not satisfied with our determination, you can contact us to discuss your concerns or contact the Australian Privacy Commissioner via


Landmark Group may update this Privacy Policy from time to time so please review it periodically for changes.

Your continued use of our websites or services, requesting our assistance or the provision of further Personal Information to us (directly or via an authorised person) after this Privacy Policy has been revised, indicates your acceptance of the revised Privacy Policy.


If you have a query relating to this Privacy Policy or wish to make a complaint, please contact us using the following contact details:

The Office Manager Landmark Group Pty ltd Level 25, Aurora Place 88 Phillip Street, Sydney NSW 2000

PO Box R351 Royal Exchange, Sydney, NSW 1225

Email address:

Phone: 02 8211 0436


For more information about the Privacy Act in Australia and protecting your privacy, visit the (external link) website below: