Why Due Diligence Matters
Most first home buyers think the hardest part is saving for a deposit and finding a property, but the real challenge starts once you've found "the one." This is where due diligence comes in—checking every detail to uncover potential risks before it's too late. Skipping this step could mean ending up with flood risks, expensive strata levies, rezoning issues, or even a property you can't renovate the way you planned. Veronica and Meighan stress that doing your homework upfront can save you years of regret.

Common Hidden Issues First Home Buyers Miss
The hosts share examples of completely avoidable issues that many buyers overlook, such as:
● Unexpected special levies in strata apartments that can cost tens of thousands of dollars.

● Flood zones and overland flow paths, particularly in Brisbane and Queensland, which can limit development potential or inflate insurance costs.

● Plumbing or structural issues missed by standard building inspections that require specialist reports.

● Surrounding developments and rezoning, which could turn your peaceful home into a noisy construction zone or block your light and views.

● Underground services like sewer or stormwater lines that restrict renovations or pool installations.

Each of these can be uncovered with the right due diligence checklist, saving you from nasty financial shocks.

Legal Due Diligence Across States
Every state and territory in Australia has different rules about what sellers must disclose. For example, Victoria has stronger disclosure requirements than Queensland, where buyers are largely left to do their own checks. Veronica and Meighan explain why you can't rely on your solicitor alone—because they haven't seen the property or the street. The takeaway? Understand what's mandatory in your state, but always go further with your own investigations.

Infrastructure and Rezoning Risks
Infrastructure projects can be a double-edged sword. While new transport links might increase property values, major roads, tunnels, or rail lines can destroy your peace and quiet. The episode covers how to research what's planned in the area so you can avoid being caught off-guard. They also discuss rezoning risks—where surrounding houses might soon be replaced by high-rise apartments—and how to spot early signs.

Understanding Strata and Body Corporate Reports
If you're buying an apartment or townhouse, reading strata minutes properly is essential. Too many first home buyers skim over these documents without understanding the financial risks they reveal. The hosts give examples of buyers who were hit with unexpected bills after settlement because they didn't realise the strata committee had already flagged major repairs.

Zoning Certificates and Mandatory Searches
Zoning certificates (or their equivalents in different states) reveal valuable information about flood zones, bushfire risks, fire orders on buildings, and more. In some states they're mandatory, in others optional—but always worth checking. These documents help you understand exactly what risks and restrictions apply to your property and are a crucial part of your due diligence checklist.

Checking the Neighbourhood Beyond Google Maps
Online research only goes so far. Veronica and Meighan highlight the importance of walking the streets around your potential home: checking access to parks, shops, public transport, safety, and the overall vibe of the community. They remind buyers that you can't get a true feel for a neighbourhood from Google Maps or real estate photos—you need to experience it firsthand.

Why You Should Never Buy Sight-Unseen (Unless You Have Expert Help)
The hosts strongly caution against buying property without seeing it in person. While lockdowns led some buyers to purchase "sight-unseen," this often ends in disappointment. The only exception? Engaging a trusted Buyer's Agent who can physically inspect the property on your behalf and act as your eyes and ears.

The Bottom Line on Due Diligence
Skipping due diligence might seem like a time-saver when you've fallen in love with a property, but the risks far outweigh the reward. A proper due diligence checklist ensures you know exactly what you're buying and protects you from costly surprises down the track. As Veronica and Meighan put it: "It's not just about the properties we recommend you buy, but just as much about the ones we recommend you don't."
By following these steps—and knowing what you don't know—you'll make a far smarter, safer decision as a first home buyer.

👉 Ready to get started? Check out THE First Home Buyer Course.