Our first home was a new spec build. Standard for the era, it was 3 bedroom, one bathroom, of about 80 sq mtrs. The price and features was the same as a number of older queenslanders that we viewed.
At that time, the houses you are presently considering would be akin to the standard of what my executive employer bought at the time. Upmarket and therefore less affordable, then and now.
My first (& second) home purchases would probably be beneath the dignity of most present first home buyers.