Purchasing a home in regional areas seems like an attractive prospect, however, the perception of lower prices can often mask hidden risks and challenges. Without the right guidance, first-time buyers may find themselves facing unexpected hurdles and potential financial setbacks.

What are the implications of overlooking common mistakes when purchasing property in regional locations?

In this episode, we're joined by Matt Ward, a seasoned buyer's agent and the founder of WPG Advisory. With over 25 years of industry experience in navigating the Central West New South Wales real estate market, Matt is uniquely positioned to share indispensable advice about buying property in regional locations.

Tune in to learn the important dos and don'ts when buying property in the countryside. IF you're thinking about moving away from the city or just exploring new opportunities, this episode has all the advice you need to avoid expensive mistakes.

Episode Highlights:

00:00 - Introduction

02:15 - Who is our guest for today?

03:30 - What’s happening in regional New South Wales?

06:56 - Key factors for buyers to consider when moving to a regional location

09:53 - Tips for accurately assessing property value and growth potential in a specific area

12:50 - What trends are emerging among first homebuyers in regional towns?

15:04 - What is the typical income needed to afford a median-priced house for first-time buyers?

20:34 - What drives capital growth differences in regional areas like Orange and Tamworth?

27:18 - Are high yields driving investor interest in regional areas like Tamworth?

34:34 - Is proximity to town centers a factor in land release locations in regional towns?

42:01 - One thing Matt Ward wishes he knew as a first home buyer

51:08 - Key takeaways from this episode

About Our Guest:

Matthew Ward is the Founding Director of WPG Advisory, he is a Certified Practicing Valuer (CPV) with the Australian Property Institute in NSW, a licensed buyer’s agent and a registered valuer with over 25 years of industry experience. In addition to his international experience, Matt is also a member of the Real Estate Buyer’s Agents Association of Australia. He is committed to ensuring success for his clients by navigating them through the complexities of the property market with expertise and dedication.

Connect with Matthew Ward:

• Website https://wpgadvisory.com.au/
• LinkedIn linkedin.com/in/matthew-ward-645b8ba/

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our ultimate 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!

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