Hi there, My family moved to Australia only about 6 months ago and we have been renting an apartment in Oakleagh VIC until now paying $1500 per month. With the savings that we brought with us and what I have earned here so far (I have a full time job as a Software Engineer, but my wife does not work as we had our second baby couple of months ago), we have saved up $40,000+ and should be able to make it to $50,000 before the end of the year. Considering the facts that we are paying about $18,000 a month in rent alone, the housing price inflation and requiring to move farther away to find affordable houses, I feel I should think about buying a house soon. Obviously I want to get the First Home Owner grant, so it has to be a new house or an off the plan house. I'm looking at one in the range of $400000-450000. But since we are so new to here, we don't have many friends who went through this process in this area. So we don't have contacts. Where should I start? Do I have enough money to start the process? I understand we will be paying for the LMI but it'll take 1.5 years more for us to get to 20%, and we'd have lost more money for rent. Roughly we can save $1500/month. $2000/month if we are very careful with spending. This is with the Centrelink payments. Should I approach a Mortgage Broker first and discuss what my options are? Or should I start looking for properties first? How do I find a good Mortgage Broker? Any recommendations near where I live? How do I find a good property? Should we start going to open inspections (how to find one?) and probably to auctions (even though we aren't buying from auction) now? I was thinking about Berwick and Cranbourne area. Schools are important. My elder kid starts schooling in 2 years. NBN is important Should I hire a Buyer's Agent because we aren't experienced with the process or familiar enough with the areas that we might want to move to? This is the primary residential property, but we might make it an investment property in the future. If yes, how do I find a good Buyer's Agent ? Any recommendations near where I live? What other parties should I need to get involves? Solicitor? Conveyancer? How do I find connect with them? Will the broker hook them up with me? Realistically, what sort of total expenses am I looking at for the whole process? What sort of concessions are there and how do I do it right so that I don't miss out on them? Would the Mortgage Broker advise me on those things? I prefer to keep at least $10,000 in the bank for emergencies. Which means, we probably might need to wait a few more months to build that buffer, say, build the savings up to $60,000. How else would one protect against financial emergencies? I currently have death, permanent disability and income protection from the super fund (probably need to increase the cover), ambulance cover and comprehensive car insurance. Don't have private health insurance at the moment, but planning to get it next year. Since I only have been here for a short period and my banking records are still fluctuating heavily, would it be hard to get a loan? I think that is about it. I'm sure I will have more questions. Hope someone will able to get me on track. Thanks in advance.