What Type of Home Buyer are You in Hampton Park
                     What Type of  
Home Buyer 
are  You in 
Hampton  Park
If you are someone looking forward to buying a home in Australia, do you 
know which  home buyer category you fall into? Are you an experienced 
property buyer or plunging  into such a big decision for the first-time? Or 
are you just buying a property for the sake of  investment?
Whichever buyer category you fall into, there are certain factors that 
differ from one  home buyer to another. In this blog, we will talk about 
each buyer category and apprise  you of everything that takes to be a 
home buyer.
Here are the types:
First home buyers: The number of dwellings purchased by first-time 
homebuyers who  are likely to access First-Home Owner Grant amount—
increased, from around 82,500  dwellings in the 12 months to March 
2016 to 155,100 in the 12 months to March 2021.  The rise is further 
reflected in an increase in the proportion of all dwellings which is  
financed by the first-home buyers i.e.,32% in May 2010 and 34% in March 
2021.
Relocators (upgrader or downgrader) and Investment buyers or also called 
investors
First Home Buyer (FHB)
You fall in this category if you are 
buying a  home for the first time in 
your life. Most  probably young 
couples become the first-home  
buyers. However, there are exceptions 
too and  many times older people also 
tend to buy home  and become the 
first home buyers.
Type of Homes that First Home  
Buyers Buy
Generally, the first home buyers look for an entry-level home. 
Why? Because  the youngsters are on the verge of leaving their 
parents’ homes or are not  looking forward to paying rent.
The first home buyers buy at sub-median prices and may even 
want to start a  family. People falling in this category may have 
minimal assets and limited  capital.
First Home Buyer’s Behavior
Since first home buyers are new to the real estate market in 
hampton park,  they are highly sensitive to interest rate 
movements. Also, they may even  be scared of missing out 
on the ‘Great Australian Dream’.
The first home buyers may even end up buying based on 
emotions, may  even panic with the rice in property 
market.
Do you know, the price growth cycle is typically started by 
first home  buyers as the government provides 
incentives to them to invigorate the  market?
Relocators
These are the type of home buyers who 
either  relocate from a small home to a 
big home or from a  big home to a 
small home.
In simple words, these are the buyers 
who make a  shift.
If the buyers move from a big house to a 
small  house, they are known as 
downsizers. If the buyers  move from a 
small house to a bigger house, they  are 
called upsizers.
For instance, if you are living in a two-
bedroom  home and want to shift to a 
three-bedroom home,  it means you are 
upsizing. On the other hand, if you  are 
living in a three-bedroom home and are  
looking forward to shift to two-bedroom 
home,  you are downsizing
Types of Properties for Relocators
Relocators look for a specic property type; like something bigger, smaller, better, 
closer to work, or may  be in a nicer suburb.
When it comes to relocating, both upsizers and downsizers have different priorities.
Upsizers tend to consider safety and proximity to work and also consider social hubs 
as essentials. On  the other hand, downsizers are more likely to have access to 
public transport, proximity to their family  and friends.
There are considerable challenges for both type of home buyers.
For instance, with regard to financial challenges, upsizers are expected to go 
through some tougher  times in the long run when they look for a new home.
On the other hand, the downsizers face a different hurdle i.e., they might struggle to 
manage the move  and reduce the amount of stuff they possess.
Emotional challenges should not be ignored in either case.
It may get difficult to leave a home to move into the next, especially for downsizers 
because they would  have seen their family grow in one place. Upsizing can also be 
tricky if it requires making compromises  for more bedrooms.
Let us not just ignore the benefits.
Downsizers will require less upkeep and maintenance considering the 
size of home.  On the other hand, upsizers will get to live in a more 
spacious, breathable home.
Investors
These buyers buy homes to make 
money. They  invest in properties to 
generate revenue.
These buyers won’t compete on 
price and, in  theory, they should 
never buy at auction.
These buyers may want to get in 
before prices  boom and their target 
price will most probably be  sub-
median.
Investors are the buyers who like to buy 
at low  interest rates. But they are 
not as twitchy as first  home buyers.
Each group of buyers has a different 
motivation. It  is, however, important to 
know what drives your  decision as a 
home buyer.
Developer’s Activity
Most people fail to look into developer’s 
activity  while considering the factors 
affecting supply and  demand in 
different markets.
It is important for you to understand 
the massive  impact developers make 
when you are assessing  potential 
property markets.
Type of Developer Interest
Two main types of developers are medium- and high-rise apartment block 
developers and  broadacre land sub-dividers.
Other developers like inll town house and dual occupancy developers also 
called recreational  developers. There do not inuence the market as much as 
the major developers do.
Steps involved in development 
process:  Feasibility
Due 
diligence  
Acquisition 
 Design
Planning 
approval  
Presales  
Construction
Settlement (the 
final move 
when residents 
move into 
dwelling)
Quick Tips to Buying Home
Understand the type of buyer you are because the costs may vary and also 
their activities have a  major effect on the market.
What is the right time to buy a home? Well, as soon as you can 
afford a deposit.  Understand the time developers take to 
bring product to the market.
How to Make a Buying Decision?
Home buying is a major decision in one’s life. It must be taken after utmost care, 
consideration, and  assessment. The best way to buy a property is by hiring a 
good real estate agent.
Having a real estate agent by your side will always be beneficial because they are 
the professionals  who know ins and out of the property market. They stay 
updated with the information and prices.
Also, if you entrust your property with a local real estate agent, you will stay 
stress-free. There would  be nothing to worry because every single thing from the 
scratch is handled by the real estate agents.
They don different hats in a day and take care of everything involved in home 
buying process from pin  to an elephant.
Get In Touch
PO Box 137 Lynbrook 
Victoria
0425843786
[email protected]
Content Resource:
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