Are you prepared for the hidden threat lurking beneath the surface of your first ever home purchase? Brace yourself for an eye-opening discussion on the implications of negative equity on you and your homeownership.

Now, you might be wondering, “what is negative equity?”

Negative equity isn't just a fancy term—it's a situation that can disrupt your plans and cause financial stress. If you're a first-time homebuyer, negative equity can be especially worrisome, as it affects your ability to build equity and achieve financial stability.

Imagine this: you just bought your dream home, and suddenly the value of the house starts going down, putting you in a situation where you owe more on your mortgage than what the home is actually worth. 

That's negative equity, and it can be a real nightmare. 

But don’t fret!

In this episode, we break down negative equity in simple terms, explaining its consequences and providing practical tips to avoid or mitigate its risks. Don't let negative equity catch you off guard! Tune in and take control of your financial future by safeguarding your home investment.

Episode Highlights:

00:00 - Introduction

02:35 - Meighan’s special house of the week

03:20 - What is negative equity?

08:12 - The best advice for riding through downturns in the property market

12:36 - How can deposit guarantees impact property value and buyer risk?

15:10 - What is a mortgage prisoner?

20:00 - Good asset selection is the best way to manage risk

23:11 - The importance of choosing the right property

25:37 - What are some key strategies for building a financial cushion?

30:10 - Why you shouldn’t be scared of the banks

Resources mentioned in this episode:
First home buyers most at risk of negative equity, especially if they bought with low deposits in 2022 https://ab.co/3NCq1TX

Resources:
FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
Visit our website https://www.homebuyeracademy.com.au/
Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
Work with Veronica: https://www.veronicamorgan.com.au
Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
Work with Meighan: https://www.linkedin.com/in/meighanwells/

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f

Are you prepared for the hidden threat lurking beneath the surface of your first ever home purchase? Brace yourself for an eye-opening discussion on the implications of negative equity on you and your homeownership.
Now, you might be wondering, “what is negative equity?”
Negative equity isn't just a fancy term—it's a situation that can disrupt your plans and cause financial stress. If you're a first-time homebuyer, negative equity can be especially worrisome, as it affects your ability to build equity and achieve financial stability.
Imagine this: you just bought your dream home, and suddenly the value of the house starts going down, putting you in a situation where you owe more on your mortgage than what the home is actually worth. 
That's negative equity, and it can be a real nightmare. 
But don’t fret!
In this episode, we break down negative equity in simple terms, explaining its consequences and providing practical tips to avoid or mitigate its risks. Don't let negative equity catch you off guard! Tune in and take control of your financial future by safeguarding your home investment.
Episode Highlights:
00:00 - Introduction
02:35 - Meighan’s special house of the week
03:20 - What is negative equity?
08:12 - The best advice for riding through downturns in the property market
12:36 - How can deposit guarantees impact property value and buyer risk?
15:10 - What is a mortgage prisoner?
20:00 - Good asset selection is the best way to manage risk
23:11 - The importance of choosing the right property
25:37 - What are some key strategies for building a financial cushion?
30:10 - Why you shouldn’t be scared of the banks
Resources mentioned in this episode:
<ul>
<li aria-level="1">First home buyers most at risk of negative equity, especially if they bought with low deposits in 2022 <a href="https://ab.co/3NCq1TX">https://ab.co/3NCq1TX</a></li>
</ul>
Resources:
<ul>
<li aria-level="1">FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt <a href="https://homebuyeracademy.com.au/webinar">https://homebuyeracademy.com.au/webinar</a></li>
<li aria-level="1">Visit our website <a href="https://www.homebuyeracademy.com.au/">https://www.homebuyeracademy.com.au/</a></li>
<li aria-level="1">Learn how to buy property without making a mistake with our 10-step online course for first time home buyers <a href="https://homebuyeracademy.com.au/YFHBG">https://homebuyeracademy.com.au/YFHBG</a></li>
<li aria-level="1">If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast <a href="mailto:support@homebuyeracademy.com.au">support@homebuyeracademy.com.au</a></li>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au">https://www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a></li>
<li aria-level="1">Looking for a Brisbane Buyers Agent? <a href="https://www.propertypursuit.com.au/">https://www.propertypursuit.com.au/</a></li>
<li aria-level="1">Work with Meighan: <a href="https://www.linkedin.com/in/meighanwells/">https://www.linkedin.com/in/meighanwells/</a></li>
</ul>
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
<ul>
<li aria-level="1">Subscribe on YouTube: <a href="https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast">https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast</a></li>
<li aria-level="1">Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825">https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825</a></li>
<li aria-level="1">Subscribe on Spotify: <a href="https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f">https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f</a></li>
</ul>

Your First Home Buyer Guide. Get there without missing a step.

Your First Home Buyer Guide. Get there without missing a step.

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