Published:
July 13, 2025
by:
Andrew Hancock

Buying property is one of the biggest financial decisions most Australians will make in their lifetime. Whether you're a first home buyer or upgrading to a $2 million+ residence in Sutherland Shire or the southern suburbs of Sydney, one wrong move could cost you thousands—or worse, leave you with a long-term regret.
At My Property Pro, we've seen it all: the excitement, the pressure, and unfortunately, the common pitfalls. This guide distils essential homebuyer advice into one place, helping you avoid the most frequent and expensive mistakes.
A recent survey by Finder found that 42% of Australian homebuyers later regretted at least one aspect of their purchase. From overpaying in a hot market to skipping due diligence, costly missteps often stem from a lack of knowledge or relying on the wrong kind of advice.
In our article, The Dangers of Being Uninformed: A Wake-Up Call for Homebuyers, we break down real-life scenarios where buyers jumped in without understanding the risks—only to face disappointment and financial strain later.
“The biggest threat to your success as a buyer isn’t just the competition—it’s what you don’t know.”
— Andrew H., Principal Buyer’s Agent, My Property Pro
Family and friends mean well—but that doesn’t make them property experts.
Too often, we see buyers who base their decision on hearsay or anecdotal advice. A cousin might have "scored a great deal in 2019" or a neighbour might swear by their auction strategy—but without context or market knowledge, such advice can be misleading.
Our article, The Importance of Professional Advice Over Relying on Friends and Family, highlights how acting on non-expert opinions can backfire—especially in today’s fast-moving and high-stakes market.
Expert tip: Always validate information through licensed professionals—especially when dealing with contracts, property value, or market timing.
It’s important to remember: selling agents work for the vendor, not the buyer.
In Be Smart: Don’t Take That Advice, we highlight the subtle (and not-so-subtle) tactics used by selling agents to drive urgency and inflate prices. Terms like “strong interest,” “multiple offers,” and “you’ll miss out if you hesitate” are designed to create emotional pressure.
Buyer’s agents like My Property Pro level the playing field. We provide an objective viewpoint, assess value with comparable data, and negotiate with your best interests at heart—not the seller’s.
In competitive areas like Sylvania, Cronulla, and Gymea Bay, it’s easy to fall in love with a home—and lose sight of your budget. Emotional purchases often lead to overpaying, ignoring due diligence, or buying unsuitable properties.
When you work with professionals, you gain a structured buying approach. We use data, logic, and years of local knowledge to guide decisions—so you don’t end up stretching your finances thin.
Thinking of “buying further out for more space”? Be careful.
Our article, What’s the Risk of Leaving the Harbour?, explores what buyers stand to lose when they prioritise size over strategy. Moving further afield might deliver a bigger backyard—but it could mean compromising on growth, rental yield, or future liquidity.
Stat: CoreLogic data shows that some fringe suburbs in Sydney saw price declines of over 10% in 2023, while tightly held areas in the Sutherland Shire remained resilient or even rose in value.
The southern suburbs of Sydney—including Miranda, Caringbah, and Bundeena—have seen heightened competition post-pandemic as families seek lifestyle-friendly areas with good infrastructure. In 2024, homes in the $2 million+ range have become the norm in sought-after school zones or beachside locales.
First home buyers and upgraders alike are competing with downsizers, investors, and cashed-up buyers. The risks of going it alone—or with half-baked advice—have never been greater.
My Property Pro was founded on a simple belief: homebuyers deserve the same professional edge sellers have always had. Our team includes degree-qualified agents, a Qualified Property Investment Adviser (QPIA®), and a former auctioneer—meaning you’re not just buying a home, you’re buying peace of mind.
We help you:
Buying a home in today’s market requires more than luck and emotion—it requires insight, guidance, and strategy. Whether you’re buying your first home or upgrading to your dream residence, avoid costly missteps by learning from others’ mistakes and surrounding yourself with the right experts.
Explore our related articles for deeper insights:
If you’re looking to buy in the Sutherland Shire or southern Sydney, let’s chat. Your property journey deserves a partner who knows the path—and how to navigate it wisely.
📞 Book your free consultation with My Property Pro today.
Let’s help you make it yours.