Deciding whether to invest in property or buy a home to live in is tough. Although the decision might seem straightforward, the consequences can have a lasting impact on your financial future. When you think about buying a home, there are hurdles like figuring out if you can afford to buy where you really want to live. . On the flip side, rentvesting gives you flexibility, but you need to watch out for changes in the rental market and think long-term about investing and its potential impact on your future ability to buy a home. In this episode, we talk about the pros and cons of both options. Join us as we dive into the rentvesting versus homeownership debate, examining the advantages, disadvantages, and everything in between. Episode Highlights: 00:00 - Introduction 02:06 - Should you rentvest or buy a home to live in? 03:16 - Two critical questions one must ask themselves before considering rentvesting 08:42 - Who are the two most ideal candidates for rentvesting? 10:52 - Rentvesting pro #1: You can buy anywhere 14:16 - Rentvesting pro #2: You get rental income 15:45 - Rentvesting pro #3: You get tax deductions if it’s negatively geared 17:13 - Rentvesting con #1: You have no access to grants/incentives as a first home buyer 20:17 - Rentvesting con #2: It could limit your borrowing capacity to buy your future home 24:29 - Rentvesting con #3: The potential uncertainty and risks associated with renting 25:55 - Rentvesting con #4: Selling an investment property incurs capital gains tax 29:03 - Bonus: What you need to know about investment properties and land tax Resources mentioned in this episode: Courses for first home buyers who don’t want to miss a step: https://homebuyeracademy.com.au/all-courses The Stepping Stone Strategy Tutorial https://homebuyeracademy.com.au/ssstutorial Kick start your property journey here: https://homebuyeracademy.com.au/tutorials 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! 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

There are many important decisions to make when buying your first home, from using grants, evaluating properties, down to dealing with financing issues. Without the right help, first home buyers could end up overpaying for a property or buying in less desirable locations, which can negatively impact both financial well-being and long-term satisfaction with the purchase. In this episode, we pick up from Part 1 and dive deeper into the challenges faced by most first home buyers. If the process of buying your first home seems challenging, this episode is for you. Tune in for clear, actionable advice that will help you feel more confident and prepared. Join us, bring your questions, and take a big step towards making your dream home a reality. Episode Highlights: 00:00 - Introduction 02:26 - Are there restrictions on using first home grants for investment purposes? 05:26 - Factors to consider when buying in a complex with many units 08:51 - What are the expected growth rates for apartments compared to houses? 11:53 - Is a 3 by 3.14 metre bedroom size considered acceptable for resale? 14:18 - What steps can be taken if a bank's property valuation is less than your offer? 19:40 - Is it advisable to buy a house on a battleaxe block along a main highway? 24:13 - Are there unique investment opportunities in unit-dense suburbs? Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode #171: How Can We Help? Real Estate Solutions from Campfire Questions - Part 1 https://homebuyeracademy.com.au/podcasts/171 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! 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

Real estate can be tricky especially for first home buyers, and it's easy to feel stuck or lost when trying to buy or invest in property. Without access to reliable guidance, not knowing who to talk to or turn to — it can easily become a struggle to know the right steps to take and the right decisions to make. Every Wednesday, we hold a weekly campfire for Your First Home Buyer Guide students so they can have direct access to ask us any property-related questions. And in this two-part series, we share some of the questions that we believe resonate with a lot of first home buyers. We break down complex queries into easy-to-understand tips and strategies. This is for anyone who might feel like they're stuck somewhere along the home buying process, and whether you're new or experienced, we tackle practical solutions to help you succeed. Tune in now and let's get started! Episode Highlights: 00:00 - Introduction 02:28 - Special house of the week! 07:13 - What to do when fluctuating income affects your mortgage eligibility? 10:40 - Ready to buy, but unsure: tips for dealing with uncertainty and fear 15:49 - Is it worth it to use a buyer’s agent? 21:03 - Tips for short-term decision-making in buying a property based on your current needs 26:01 - Who to consult for a cash flow analysis before investing in property? 27:14 - How to grade apartment blocks with commercial areas in limited residential zones? 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! 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

Feeling scared about taking on a long-term mortgage commitment for your first home? You're not alone! It's quite a common worry but if you let fear hold you back, it can stop you from making your dream of owning a home a reality.  Without facing these worries head-on, you could end up stuck, not knowing how to move forward and buy the house you've been dreaming of. Today, we have Aaron Christie-David — managing director & mortgage broker at Atelier Wealth, together with Damien Walker — who is director & mortgage broker at the same company. They're here to share some tips on how to tackle those scary feelings about long-term debt. Join us as we break down the common fears first home buyers face and discover some simple but impactful strategies to beat them. Don't let fear stop you from getting your own place—tune in and take the first step toward owning your dream home. Episode Highlights: 00:00 - Introduction 02:26 - Meighan’s special house of the week 03:36 - Who are our guests for today? 04:02 - What fears do borrowers, particularly first home buyers commonly have? 06:01 - What is the fear setting process all about? 10:32 - The cost of inaction for fear of taking on a long-term debt commitment 15:48 - Why is fear setting critical in property ventures? 20:17 - Strategies that encourage clients to confront and overcome their home buying fears 22:48 - What kind of fear do first home buyers need to have? 28:51 - Why having the right support crew is the first important step in home buying 32:04 - How different generations can overcome challenges in property ownership 35:09 - Finding the right buyer’s agent to support you in your first home buying journey 37:27 - Benefits of integrating emotional awareness into the home buying experience 39:46 - One thing that Aaron and Damien wished they knew as a first home buyer About Our Guests: Aaron Christie-David is the Managing Director of Atelier Wealth, which he co-founded with his wife Bernadette several years ago. Aaron is highly qualified and has a wealth of knowledge and experience in the Finance Industry. Damien Walker is the Director of Atelier Wealth, and has spent the last 6 years as part of the Atelier Wealth family, bringing both financial qualifications and experience to the team. Connect with Aaron and Damien: Website https://atelierwealth.com.au/ Aaron’s LinkedIn https://www.linkedin.com/in/aaronchristiedavid/ Damien’s LinkedIn https://www.linkedin.com/in/damien-walker-/ Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode #125: Property Buying Life Cycle: Through the Lens of a Financial Advisor https://homebuyeracademy.com.au/podcasts/125 The Psychology of Money by Morgan Housel https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681 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! 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

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! 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

Putting off asking for advice can mean making mistakes that can't be fixed, especially when it comes to buying property. Misreading the market or not understanding the rules can cause problems that stick around for a long time. Many of us wait until we've already made a decision, only to realise the consequences could have been avoided with timely guidance. In this episode, we're flipping the script. Instead of waiting until it's too late, we dive into the importance of seeking advice at the right time, especially when it comes to buying your first home. We're here to explore why waiting until the eleventh hour to seek guidance often leads to irreversible mistakes and, ultimately, regrets. Don't wait until it's too late to ask for help with property decisions. Tune in to this episode and learn how to seize the right opportunities and sidestep the wrong ones. Episode Highlights: 00:00 - Introduction 02:08 - Meighan’s special house of the week 03:31 - Can I negotiate a longer settlement period after winning a property auction? 07:19 - What to do when a vendor doesn’t respond to your offers 10:13 - Why was my offer, subject to building pest and inspection, passed over for a lower bid? 12:47 - Treat the agents and vendors with respect before it gets too late 17:16 - I signed a contract and paid a $1,000 deposit on the land, is it a good property? 20:08 - Can we call off the contract because of property flooding one week before settlement? 21:32 - Lawyer advises against contract terms, vendor won't amend. What to do? 23:22 - Can I still cancel the contract I already signed due to strata report findings? 26:08 - Can I retract an offer for an off-market property I now think is too expensive? 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! 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

Your initial meeting with a mortgage broker could make or break your home buying journey. Without proper preparation and knowledge of what to expect, this initial encounter can potentially lead to confusion and missed opportunities in securing the right mortgage for your needs. But what can you expect when meeting with a mortgage broker for the first time? In today’s episode, we're joined by Aidan Hartley, a distinguished mortgage broker known for his expertise in assisting first-time homebuyers through his business, Blue Owl Finance. Aidan's extensive experience and track record make him the perfect guide to help you prepare better for that first mortgage broker meeting. If you're gearing up for your initial sit-down with a mortgage broker or simply seeking insights into the process, tune in! This episode will teach you how to deal with mortgage brokers with confidence giving you a great head start towards homeownership. Episode Highlights: 00:00 - Introduction 02:13 - Meighan’s special house of the week 03:06 - Who is Aidan Hartley? 03:32 - Why Aidan decided to start a broking business in the middle of lockdown 04:49 - When do people usually book a mortgage broker? 06:16 - When is it considered too lateto talk to a broker? 10:27 - Is there such a thing as too early when meeting with a mortgage broker? 12:59 - What a prospective borrower needs to bring to the first meeting with a broker 16:19 - What questions would a good broker ask to ensure a good fit with a client? 19:09 - What information do first home buyers seek from a broker in the first meeting? 22:33 - Why some brokers would specifically avoid some lenders 25:24 - The importance of timing in relation to lender turnaround times and the trade-offs 27:42 - What first home buyers need to ask when meeting with a broker for the first time 29:00 - What is one thing Aidan wishes he knew as a first home buyer About Our Guest: Aidan Hartley is an experienced mortgage broker and the owner of Blue Owl Finance, a company that specialises in helping first time home buyers solve their home loan problems hassle-free with the lowest rates. Connect with Aidan Hartley: LinkedIn https://www.linkedin.com/in/aidan-hartley/ Website https://www.blueowlfinance.com.au/ Resources mentioned in this episode: 5 questions you MUST ASK your mortgage broker https://homebuyeracademy.com.au/brokers Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse 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! 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

Buying your first home can feel really challenging without a clear guide to follow. This lack of understanding can lead to confusion, frustration, and costly mistakes throughout the home buying process. Without a clear roadmap to follow, individuals may miss crucial steps or make uninformed decisions that will, in turn, impact their financial wellbeing. In this episode, we provide a straightforward breakdown of the 10 essential steps you need to follow when buying your first home. If you're contemplating purchasing your first home but feel overwhelmed or just need a refresher, this episode has everything you need to take the next step. Tune in now. Episode Highlights: 00:00 - Introduction 05:29 - Phase 1: Preparation 06:16 - Step 1: Having a good support crew 09:21 - Step 2: Setting aside money 11:57 - Step 3: Planning 15:06 - Phase 2: Action 16:05 - Step 4: Search and inspect 18:44 - Step 5: Revise and correct 22:31 - Phase 3: Commitment 22:41 - Step 6: Methods of sale 24:17 - Step 7: Evaluation 30:18 - Phase 4: Execution 30:40 - Step 8: Contract of sale 33:59 - Step 9: Negotiation and auction 37:25 - Step 10: Settlement Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode #164: 10 Things We Wish We Knew as First-time Home Buyers https://homebuyeracademy.com.au/podcasts/164 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 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

Buying a home for the first time is a significant milestone, but doing so in  an unfamiliar area does add quite a few layers of complexities, especially concerning affordability and market dynamics. Today, we discuss the challenges that arise when buying a first home in a regional area like Dubbo. In this episode, we are joined by Damian Hoar — a finance analyst at Money Saver Home Loans and co-host of the Finance and Property Survival Guide podcast. With his background in finance and extensive experience in the property market, Damian brings a wealth of knowledge to this discussion. Having bought his own first home in Dubbo, Damian tells us about the ups and downs he went through. He admits that despite getting good advice, he sees some things he could've done better, making his story so relatable to first home buyers. So tune in to this episode and learn from Damian's story so you can get better prepared for your own home-buying journey. Episode Highlights: 00:00 - Introduction 02:12 - Meighan’s special house of the week 02:31 - Who is our guest for today 03:13 - Damian Hoar’s backstory 09:28 - Damian shares the challenges and lessons from saving a deposit for your first home 18:40 - The BIGGEST lesson Damian learned during his first home buying journey 24:22 - Why it’s important NOT to let the process of negotiation impact your property decision 27:48 - Damian’s experience with rising interest rates 18 months ago 29:19 - What's the definition of fixed and variable rates? 33:09 - Handling the responsibilities that come with homeownership 38:40 - How has homeownership influenced Damian's perspective on life? 40:21 - How homeownership has changed Damian's perspective on wealth and priorities 47:10 - What's the most important advice from Damian for those considering homeownership? Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse 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

Buying your first home?  Ever wondered what important information you might be missing?   Without essential knowledge, first-time homebuyers can make costly mistakes that could affect your financial stability and overall satisfaction with your purchase. In today's episode, we share the top 10 things we wish we knew when we were first-time buyers. From understanding mortgage options to learning how to negotiate effectively, we give practical tips and share our personal experiences to help you make smart decisions on your home buying journey. If you want to avoid rookie errors and feel more confident about buying your first home, listen to this episode now. Episode Highlights: 00:00 - Introduction 02:19 - Meighan’s special house of the week 03:50 - Lesson #1: The importance of understanding the buying process 06:05 - Lesson #2: How to find the right people to help in the home buying journey 10:08 - Lesson #3: Knowing what to look for in a property 14:45 - Lesson #4: Working out what to pay 17:27 - Lesson #5: What NOT to do with a renovation 21:47 - Lesson #6: Who are the agents really working for? 25:17 - Lesson #7: How to structure things from a financial perspective 29:54 - Lesson #8: How much extra money one would need for additional costs 32:40 - Lesson #9: Thinking too long-term 35:10 - Lesson #10: Thinking too short-term Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode #41: 6 Things We Wish We Knew Before Buying Our First Property https://homebuyeracademy.com.au/podcasts/041 Your First Home Buyer Guide Podcast Episode #48: What You Need to Know Before Buying Property to Renovate https://homebuyeracademy.com.au/podcasts/048 Your First Home Buyer Guide Podcast Episode #67: How to Deal with Real Estate Agents https://homebuyeracademy.com.au/podcasts/067 Your First Home Buyer Guide Podcast Episode #9: What is the Importance of a Borrowing Strategy? https://homebuyeracademy.com.au/podcasts/009 Your First Home Buyer Guide Podcast Episode #87: Avoiding Unexpected First-Home Costs: What to Expect https://www.homebuyeracademy.com.au/podcasts/087 Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse 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

As housing costs continue to rise and traditional financing options become increasingly out of reach for first-time buyers, finding an accessible pathway towards homeownership has become a real challenge in today's property market. These challenges often make it hard for people to buy a home, especially if they don't qualify for first home buyer schemes or are unable to rely on family to support their break into the housing market. It can feel like their dream of owning a home is slipping away, hence the need for fresher and more innovative solutions. Today, we have a chat with Evan Thornley, CEO of Longview — also a distinguished technology and social entrepreneur. With over seven years of dedicated efforts towards addressing Australia's housing issues, Evan shares his insights on making homeownership more accessible. Curious about alternative ways to buy your first home? Listen as Evan shares his expertise on shared equity strategies, offering insights that could change your approach to homeownership. Be informed – tune in now! Episode Highlights: 00:00 - Introduction 02:23 - Who is Evan Thornley? 03:05 - The Shared Equity Scheme 07:37 - Where does the money come from in a shared equity scheme? 10:54 - The difference between shared equity scheme and other government schemes 13:44 - Balancing homeowner empowerment and investor interests 16:00 - Who is qualified to take advantage of the shared equity scheme? 21:19 - What is the share for the investor vs the buyer? 27:06 - Factors to consider when making financial decisions in the context of buying property 30:30 - Securing investor interests in property transactions under the shared equity scheme 32:21 - In different scenarios where the property is unsold, how is investment repaid? 36:15 - Finding financial advice in a limited advisor market: what are the options? 41:07 - What Evan Thornley wishes he knew as a first home buyer About Our Guest: Evan Thornley is a technology and social entrepreneur who, with 30 years of property investment experience in Australia and the US, has been dedicated to finding solutions for Australia's housing problems for the past seven years. Starting from the ground up, he built a firm focused on acquiring and managing investment-grade residential properties, which has since evolved into LongView—a recognised industry leader in residential property buying and management. LongView is at the forefront of pioneering the development of a funds management industry in the existing dwelling asset class. With his extensive experience, Evan brings a wealth of knowledge to address the intricate challenges within Australia's housing landscape. Connect with Evan Thornley: Facebook: https://www.facebook.com/evan.thornley/?mibextid=ZbWKwL LinkedIn: https://www.linkedin.com/in/evanthornley Resources mentioned in this episode: LongView Buying Boost https://longview.com.au/buying-boost Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse 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 house and land packages a smart choice for first-time buyers, or could they bring about potential issues in your journey, well beyond buying your first home? In this episode, we take a closer look at new builds, breaking down the risks and rewards tied to house and land packages. Many first-time home buyers are intrigued by the idea of owning a never-lived-in property, but it's crucial to weigh the possible downsides. Understanding that some first-time home buyers might still be considering this option, we present the facts to help you make informed choices. Our aim is to guide you towards minimising risks and maximising the benefits associated with new builds. If you find yourself at the crossroads of real estate decisions or are already thinking about a new build, tune in now. Gain practical insights that will assist you in simplifying the complicated process of buying your first home, ensuring you can make well-informed decisions for your homeownership journey! Episode Highlights: 00:00 - Introduction 02:22 - Meighan’s special house of the week 04:01 - There are a few pros with new house and land packages 07:44 - Risk #1: Oversupply of land in some locations 11:14 - Risk #2: The consequences of extensive land clearing in housing developments 13:20 - Risk #3: Lack of infrastructure 13:53 - Risk #4: Poor build quality 15:20 - Risk #5: Buying brand new means someone else is making the profit, not you 18:01 - Risk #6: How grants really work with buying brand new 20:25 - Risk #7: The possibility of negative equity for new suburban home buyers 22:34 - Tip #1 for reducing the risks: Buy in infill sites, not on the edge of the suburbia 24:37 - Tip #2: Having a good advisor who’s an expert in their field 26:54 - Tip #3: Do NOT go with the people that the developer recommends 27:44 - Tip #4: Allow for a lot longer and more money than expected for the build Resources mentioned in this episode: Which is the best house to buy when they all look the same? https://homebuyeracademy.com.au/ACTION/best-house-to-buy Your First Home Buyer Guide Podcast Episode #119: Insider Secrets for Successfully Building a Home From Scratch https://homebuyeracademy.com.au/podcasts/119 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 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/ 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

In today's episode, we follow the journey of first-time home buyers, Antonia and Rinch, who successfully bought their dream home. They're Home Buyer Academy graduates, and they're here to share the real deal about their experience – the good, the bad, and everything in between. Antonia and Rinch spill the beans on the assumptions they had, what actually happened, and the lessons they learned. From initial misconceptions to unexpected surprises, they give an honest look at the ups and downs of the home-buying process, sharing some interesting and unusual stories about their overall experience in search of their first home. Don't miss out on this couple's narrative as they impart some of the top lessons they learned as first-time home buyers, and how these lessons could make a real difference in your own home-buying story. Episode Highlights: 00:00 - Introduction 02:30 - Meighan’s special house of the week 03:38 - When did Antonia & Rinch decide that they wanted to buy their first home? 05:33 - How Antonia & Rinch managed to double up their deposit savings 13:03 - What triggered Antonia & Rinch's decision to really pursue property ownership? 15:03 - How enthusiastic was Rinch in going through the learning process of home buying? 19:56 - Antonia & Rinch share interesting epiphanies they had in search of their first home 25:59 - How did the need for a view affect Antonia & Rinch's property search? 27:30 - How does a support system ease the stress of home buying? 30:14 - Antonia & Rinch share their experiences from various negotiation processes 36:50 - How Antonia & Rinch determined the right amount to pay for a property 40:24 - How Antonia & Rinch feel about having a mortgage 42:14 - Antonia & Rinch’s advice about doing the first home buyer guide course 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

Welcome to another installment of alarming questions from property forums and even more alarming answers, where we continue to talk about the confusing world of online property advice. These forums are often the first port of call for home buyers, but they can be full of wrong information. So today, we discuss how online forums don't even have experts to moderate nor check the advice, which means that a lot of bad tips can get shared. This can be dangerous, not only because of the wrong answers, but also because of the weird questions that can confuse someone who's buying a home for the first time. We show you some of the craziest stuff we've found, but also talk about how to filter the good advice from the bad. We share some advice on how to balance what you read online with professional guidance, so your home-buying experience is both smart and safe. Don't let an online post or tweet change your mind about buying a property. Learn how to tell good advice from bad advice online, let’s get started! Episode Highlights: 00:00 - Introduction 02:27 - Meighan’s special house of the week 04:21 - What are the best ways you have used in negotiating with real estate agents? 08:55 - Who should be paying for tenant-purchased blinds in a new home purchase in Victoria? 12:04 - Reapplying for pre-approval or building a home: which is better after income increase? 17:04 - What to do if renovations on a potential home purchase are unapproved? 21:22 - Is it advisable for couples on a joint loan to make separate offers on the same property? 24:29 - Feeling helpless with vacant land investment after life throws a curveball: any advice? 28:38 - Actions to take for a house with floating slab issues after making an offer 31:34 - Understanding the risks with deposits in off-the-plan purchases Resources mentioned in this episode: FREE MINI COURSE! How to price property like a professional https://homebuyeracademy.com.au/free_mini_course_opt_in Your First Home Buyer Guide Episode 145: 10 Alarming Reasons Why Off-Plan Properties Are So High Risk https://homebuyeracademy.com.au/podcasts/145 Your First Home Buyer Guide Episode 151: Online Property Forums: Are You Really Getting the Right Advice? https://homebuyeracademy.com.au/podcasts/151 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

In this episode, we expose the worst mistakes rentvestors make when it comes to tax depreciation, the pitfalls to avoid at all costs, and dispel common myths surrounding this complex topic. While the concept of tax depreciation may look like an uninteresting and dull subject, it is anything but that especially for rentvestors looking to maximise their returns. Joining us today is Mike Mortlock - Managing Director at MCG Quantity Surveyors, who brings with him a wealth of experience to shine some light on the subject. The complexity of property assessments, the nuances of tax laws, Mike imparts insights that are not just based on theory but on years of actual experience and real life application. For you to really pursue rentvesting, it’s essential to have knowledge about tax effective strategies. So don't miss out on this opportunity to learn from one of the industry's best. Let’s dive in! Episode Highlights: 00:00 - Introduction 02:22 - Who is Mike Mortlock? 03:16 - What does a quantity surveyor do? 05:26 - Most common Mike gets asked as an expert in tax depreciation 07:34 - The hidden dangers of overvaluing tax deductions in property investments 12:53 - Mike’s definition of tax depreciation, how its used and some of the pros and cons 16:34 - Two main components of tax depreciation 19:38 - What first time buyers should know about maximising depreciation 23:24 - Is it true that only brand new properties qualify for depreciation claims? 26:25 - The role of quantity surveyors in real estate investment 29:31 - How do quantity surveyors aid in accurate property insurance coverage? 34:37 - How to tell if your capital works forecast is based on real inspection or a calculator? 37:34 - What is one thing Mike wishes he knew as a first time buyer? About Our Guest: Mike Mortlock is the Managing Director of MCG Quantity Surveryors and is an industry leader in tax depreciation. Mike has worked as an expert depreciation consultant with a number of major firms such as McDonalds, Canberra Airport, Hilton Hotels, Stockland and more. He has completed thousands of depreciation schedules for commercial and residential property and is in demand as a public speaker. Mike is regularly featured in the Australian Financial Review, Real Estate.com, in Australian Property Investor and other print and radio publications. As a specialist in tax depreciation, Mike has a wealth of knowledge and a passion for maximising depreciation entitlements. It is this passion that results in outstanding results for MCG's clients. Outside of work Mike is a keen musician and an elite amateur triathlete, having represented Australia. Connect with Mike Mortlock: LinkedIn https://www.linkedin.com/in/mortlockmike/ Website https://www.mcgqs.com.au/ Instagram https://www.instagram.com/mike.mortlock/ 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

In today's fast-paced real estate market, buyers often feel pressured by agents to make quick decisions, but how can you be sure you're not overlooking essential details in the rush? What are the key aspects to scrutinise in your contract to prevent future issues? We delve into these critical questions at the outset, highlighting why careful property assessment is crucial. To help us better navigate these waters, we're joined by Jennie Tonner, a seasoned professional in the field of conveyancing. With a career spanning over three decades, including significant experience in top Australian law firms, Jennie offers a unique perspective on what buyers should be aware of before signing on the dotted line. Tune in to find out why thorough property checks are more than just a checkbox in your home-buying journey. Episode Highlights: 00:00 - Introduction 02:02 - Who is Jennie Tonner? 02:33 - Jennie explains the role of a conveyancer/lawyer in minimising risks for buyers 03:54 - The differences in disclosure requirements across Australian states 06:08 - The different roles of conveyancers 11:37 - Weighing independent pre-purchase inspection reports and vendor-supplied ones 13:43 - What conveyancers/lawyers do to help home buyers understand pre-purchase reports 16:21 - Why should buyers consult a conveyancer before making an offer? 18:47 - Don’t rely on strata reports from other units even if they’re within the same complex 20:22 - Discussion on unapproved works 22:59 - Identifying potential issues and ensuring proper contract terms with a conveyancer 27:09 - Benefits of dealing with an experienced conveyancer 32:22 - What’s NOT included in pre-purchase inspections 38:41 - One thing Jennie wishes she knew as a first home buyer About Our Guest: Jennie Tonner is a qualified licensed conveyancer with 35 years of experience, which includes an impressive 18 years at two of Australia's leading law firms, King & Wood Mallesons and Allens Linklaters. She has an extensive understanding and expertise in all areas of conveyancing work, adeptly managing the sale or purchase of both commercial and residential properties throughout New South Wales for both vendors and purchasers. Connect with Jennie Tonner: Connect with Jennie on LinkedIn: https://www.linkedin.com/in/jennie-tonner-l-14b1a920/ Visit their website: https://cremorneconveyancing.com.au/ 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

Today, we're tackling a topic that hits close to home for many couples: buying your first house. If you've ever shopped for a home with your partner, you know it's not always smooth sailing. What you thought was a mutual understanding can turn into surprising disagreements. In this episode, we take a close look at the ups and downs of buying a home as a couple. We discuss the excitement of shared dreams and the challenges of figuring out what you both like in a home. It's not just about finding the right walls and roof; it's about finding common ground, communicating well, and working together. So even before you jump into the details of buying a home with your better half, we set the stage for you. What does the road to a happy home look like for first-time buyers? How do your expectations match up with reality? Join us as we explore whether your first home purchase is a recipe for relationship happiness or a potential challenge that you can overcome together. Episode Highlights: 00:00 - Introduction 02:13 - Meighan’s special house of the week 03:51 - The reason why couples disagree on property decisions 06:41 - The importance of finding common ground in home buying decisions 09:28 - What's the impact of only one partner being more active in the home buying process? 15:14 - Why it's important for both partners to be on the same learning path 17:57 - The necessity of both partners being engaged in the home buying process 20:44 - Benefits of having external mediation like buyer’s agents or courses 24:14 - The positive experience of couples who participate in the course together 30:57 - Mutual understanding and communication is key to a smoother home buying experience Resources mentioned in this episode: 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 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/ 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

While we don't claim to have a crystal ball, we bring you insights and practical tips on what you can realistically expect in the property market in 2024. Today's episode is all about preparation because we understand that buying a property is a significant financial decision, and being prepared is key. Tune in as we share actionable tips to get yourself ready for the unique challenges and opportunities that 2024 may present. Join us as we equip you with the knowledge you need to make the right decisions and turn your property dreams into reality in the year ahead. Episode Highlights: 00:00 - Introduction 02:05 - Meighan’s special house of the week 04:50 - Are interest rates going up, down, or both? 09:46 - Seasonalities around the property market 10:57 - What’s the best thing to do in the quiet season of December? 13:08 - What’s going to happen in the property market in the middle of January? 14:41 - Tips for potential homebuyers looking to renovate in today's real estate market 17:10 - Australia’s housing shortage and the factors affecting it 22:04 - Anticipate continued price growth in most cities but WITH CAUTION 24:35 - Factors to consider before committing to a property purchase 25:30 - Thoughts on the Queensland government doubling incentives for first-time buyers of brand new homes 32:47 - Outlining actionable steps to attain your goal of homeownership this 2024 Resources mentioned in this episode: FREE COURSE: How to price a property like a professional and know how much to offer! https://homebuyeracademy.com.au/freecourse 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 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/ 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

Today's episode is all about the home buying journey of another Home Buyer Academy Graduate who successfully tackled the tricky task of buying a home in Melbourne. Gwenda spills the tea and takes us through the ups and downs of her story, talking about what she thought would happen, what really went down, and the smart moves that allowed her to conquer the home buying mountain. Picture this episode as your sneak peek into the playbook of someone who's already scored a win. So whether you're on the house-hunting hustle or just curious about how things roll in Melbourne's housing game, this episode's got you covered. Episode Highlights: 00:00 - Introduction 02:20 - When did Gwenda decide that she wanted to buy her first home? 03:36 - How Gwenda came up with the deposit 07:40 - When did Gwenda turn up for the campfire sessions 09:44 - What influenced Gwenda into deciding NOT to act on the two initial properties 12:33 - The difference between doing on-the-ground exploration and just researching online 15:09 - How Gwenda readjusted her thinking and reassessed the type of property she wanted 19:30 - Gwenda shares the story behind her change in property preference 24:35 - How Gwenda knew she found the right property 27:34 - The story of how Gwenda snagged the property she wanted 30:29 - What happened after Gwenda made the offer 34:29 - Gwenda shares her Home Buyer Academy timeline 38:23 - How Gwenda now feels about having a mortgage 41:48 - Gwenda’s advice for those who are thinking of getting the First Home Buyer Guide Course 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

Look, we get it. Your first dive into the property pool is a big deal, and if you're scratching your head about what makes a property a good asset, this one's for you. Your first crack at the property game could set the stage for your financial future, and we're here to help you nail it. So, what truly makes a property a 'good asset'? In this episode, we break down key considerations beyond location and size, delving into aspects such as market trends, potential for future growth, and the often-overlooked factor of property maintenance. Understanding these nuances is vital for ensuring that your first home not only provides a comfortable living space but also stands the test of time as a valuable investment. Your first step on the property ladder is more than just a transaction – it's an investment in your future. Join us as we explore the traits that define a 'good asset' and uncover the key factors that can turn your initial foray into the property market into a strategic move that pays dividends for years to come. Episode Highlights: 00:00 - Introduction 03:30 - Capital growth matters! 05:40 - If it’s easy to buy, it might be hard to sell in the future 07:02 - Don’t fall for this common myth about multiple offers and auctions 09:58 - How does location fit into the fundamentals of a good quality asset? 12:36 - If you can’t fix an issue, it will always be an issue 16:28 - The bones of the property are KEY 20:58 - What good assets DON’T have 24:56 - Don’t make the mistake of focusing too much on the immediate neighbour 26:30 - Why you shouldn’t judge a good quality asset based on numbers alone Resources mentioned in this episode: 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 Your First Home Buyer Guide Podcast Episode #40: How Can You Identify A, B, and C Grade Properties? https://homebuyeracademy.com.au/podcasts/040 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/ 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

In this episode, we take a deep dive into Nick and Grace's experience, exploring the ups and downs of their home-buying adventure. They spill the beans on their early assumptions, the hiccups they faced, and the smart moves they made to avoid common mistakes. It's not just a success story; it's a roadmap for those of you gearing up for your own home-buying adventure. As we unpack Nick and Grace's story, we tap into the wisdom of the Home Buyers’ Academy, highlighting how knowledge and savvy decision-making can be your secret weapons in the property world. Don't miss out on the chance to learn from Nick and Grace's experiences—as they turn their journey into a guide for every newbie in the Aussie property scene. Tune in for some practical tips and a boost of motivation as you set out to seal the deal on your very first home! Episode Highlights: 00:00 - Introduction 02:22 - When did Nick & Grace decide that they want to buy their first home? 05:11 - How did Nick & Grace manage to expedite their deposit-saving process? 09:21 - When did they first start learning about how to buy a property? 17:44 - Trade-offs considered between the 3 P's in the couple's housing decision 22:53 - Nick & Grace shares the timeframe of their journey with Home Buyer Academy 28:52 - How Nick & Grace came across the off-market property and what ensued 39:07 - How the couple feels now that they have a mortgage 42:54 - How long do Nick & Grace plan to live in this house? 46:03 - Nick & Grace’s advice to those who are thinking about the First Home Buyer Guide Course 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

What if we told you there are two powerful tools at your disposal, capable of turning your homeownership dreams into reality sooner than you think? Imagine achieving that goal without having to save for years to get a 20% deposit? Today, we're joined by Michael Nasser - Director of Lendstreet Mortgage Brokers, and he's here to break down the options for you; guarantor loans and the government's deposit guarantee scheme, so you can see how these options can make buying a house less scary and more doable, especially if you don't have a ton of money. Tune in for a must-listen guide for first home buyers in Australia, and turn your homeownership dream into a reality sooner than you think. Episode Highlights: 00:00 - Introduction 02:15 - Meighan’s special house of the week 03:40 - Who is Michael Nasser? 04:28 - How does the government’s deposit guarantee scheme work? 06:02 - How does one qualify for the government’s deposit guarantee scheme? 09:26 - Two rules on stamp duty exemptions 10:57 - How many places are currently available for the program? 12:29 - Is securing a spot for pre-approval early in the financial year advantageous? 16:21 - How can buyers assess a broker's knowledge in the housing program space? 17:33 - Considerations for clients who have saved more than 5% for a home purchase 20:03 - Is the housing scheme strictly 5%, or can you contribute more, like 8% or 10%? 23:52 - Michael’s insights into the pros and cons of LMI 25:35 - Additional legal requirements for the government’s deposit guarantee scheme 29:29 - What is a guarantor loan? 31:45 - Additional legal requirements for a guarantor loan 38:46 - Instances where guarantor loans have faced complications or negative outcomes 39:55 - How is the guarantor's portion of a loan calculated in a property purchase scenario? 44:04 - One thing Michael wishes he knew as a first home buyer About Our Guest: Michael Nasser is a mortgage broker and the Director of Lendstreet Mortgage Brokers – a platform that offers everything you need to make informed decisions about your financial future. Michael has almost ten years in the mortgage brokering industry and he extends his mission in helping borrowers and home buyers understand and experience lending better in the articles that he writes. Connect with MIchael Nasser: Connect with MIchael on LinkedIn: https://www.linkedin.com/in/michael-nasser-ls/ Visit their website: https://lendstreet.com.au/ Resources mentioned in this episode: Check out The National Housing Finance and Investment Corporation website https://www.housingaustralia.gov.au/ Episode 141: Why Lender’s Mortgage Insurance isn’t Always a Bad Choice: https://homebuyeracademy.com.au/podcasts/141 Episode 60: Why It's Important for Home Owners to Insure Themselves https://homebuyeracademy.com.au/podcasts/060 Episode 49: What Can Go Wrong When Borrowing from the Bank of Mum & Dad? https://homebuyeracademy.com.au/podcasts/049 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

In this episode, we delve into the burgeoning world of online property forums. While these forums may seem like supportive communities, their lack of industry expert moderation can turn them into potential minefields of misinformation. We explore the common questions that arise in these online spaces, revealing how they can inadvertently lead first home buyers into financial pitfalls. It's not uncommon for users to encounter scenarios that resonate with their own frustrations in the world of online property forums. The allure of finding a group filled with like-minded individuals facing similar situations can be powerful. However, what concerns us is the possibility of these platforms steering people towards potential financial risks. The questions raised in these online discussions often shed light on common challenges faced by homebuyers. Yet, some of the answers provided — no matter how well-intentioned, could unknowingly dig first home buyers an even deeper hole for themselves. That's why it's so crucial to engage in these forums with caution and supplement the shared experiences with professional advice. Tune in and join us as we separate fact from fiction in the online property forum realm. Episode Highlights: 00:00 - Introduction 02:59 - Question #1: Can I move in straight away after settlement? 06:26 - Question #2: What are the key considerations for a solo homebuyer at 24? 10:42 - Question #3: Should a frustrated tenant influence my property buying decision? 17:11 - Question #4: What's the acceptable percentage discount for cash offers? 20:41 - Question #5: Is it foolish to wait for home prices to drop or is it worth the risk? 25:31 - Question #6: What is the step-by-step guide for buying a house as a first home buyer? Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode 149: Should First-Time Buyers Trust Predictions of Property Booms and Busts? https://homebuyeracademy.com.au/podcasts/149 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

Property price guides can be a source of considerable frustration for potential buyers, especially when they lack sufficient knowledge about how to interpret them. It's like trying to solve a puzzle without all the pieces. What do those numbers really mean, and why are some properties listed with a price guide while others remain shrouded in mystery? Our goal today is to make everything easy to understand and help you confidently step into the world of owning your own place. Have you experienced the frustration of browsing a real estate website, eager to discover your perfect home, only to encounter listings that either obscure their prices or initially advertise figures significantly lower than the eventual selling cost? If that sounds familiar, that means you're not the only one. And today, we're pulling back the curtain on the often secretive world of property price guides. If you're a newbie or thinking about leveling up your home game, knowing the ins and outs of property price guides is your key to success in the real estate world. Get ready for a discussion that'll keep you in the loop and set you up to handle the property market with confidence. Episode Highlights: 00:00 - Introduction 02:14 - How did real estate transactions work in the late '90s? 04:03 - How have pricing strategies in real estate undergone transformation over the years? 06:48 - Option #1: Properties listed with a price 07:08 - The dangers of adopting a lazy pricing strategy in real estate 11:24 - Why the asking price is actually irrelevant 13:01 - Option #2: Properties listed with a price range 17:38 - The difference between a private treaty and an auction with a price range 20:35 - Option #3: Properties with no price 23:06 - The challenges of buying a property in Queensland without proper price information 25:45 - One reason why sometimes properties don’t have a price guide 27:53 - The importance of understanding the true value of a property Resources mentioned in this episode: Click the link below to get our FREE mini course on How to Price Property Like a Pro:https://homebuyeracademy.com.au/free_mini_course_opt_in Resources: 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

We've all heard the hype from bank economists and property forecasters about the soaring property prices one moment and the impending market crash the next. But what's the real story behind these predictions? Are they reliable indicators for those of you who are eager to step onto the property ladder for the first time? In this episode, we explore the nuances of property market predictions and the factors that can sway them. We're going to chat about whether it's okay to trust property forecasts and help you figure out what's real and what's just hype. Join us as we sift through the data, share real-life stories about first-time buyers who've faced the challenge of unpredictable property markets, and ultimately answer the burning question: Should first-time buyers trust predictions of property booms and busts? Episode Highlights: 00:00 - Introduction 01:58 - Should you really be listening to property market predictions? 04:46 - What are the limitations when economists try to predict real estate market trends? 09:08 - What impacts property market forecasts 14:10 - The media loves reporting on the the most alarming property market predictions 16:30 - How economists often neglect the role of human behavior in driving market trends 19:03 - Emphasis on the importance of long-term investment in property 20:52 - The dangers of biases in supposedly expert opinions on property predictions 26:05 - The importance of critical thinking when evaluating property forecasts 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

As we often stress in previous podcast episodes, we do recognise the challenges and importance of acquiring your first home. So today, we're here to answer your questions and address common challenges that first home buyers face when deciding where to plant their roots. We explore factors like budget, proximity to essential amenities, future growth prospects, and more. Our aim is to provide you with the knowledge you need to make the best decision for your unique needs and preferences. So, whether you're a first-time home buyer who's just started your search or someone further along in the process, this episode is packed with valuable information to guide you towards making the right location choices. Making the right location choices is not just about finding out where to buy your first home; it's more about finding your future community, so join us! Episode Highlights: 00:00 - Introduction 02:05 - Meighan’s special house of the week 03:51 - Apartment, townhouse, or house: Which is right for me on the Gold Coast? 08:54 - What are my options in Sydney's property market with a limited budget? 15:12 - Finding suitable housing with limited borrowing capacity and a healthy deposit 20:16 - Where to live: Blue Mountains for work or Sydney for a social hub? 24:30 - What are our options in buying an investment property from abroad? 29:51 - How to choose a first home buyer's agent I can trust? Resources mentioned in this episode: Where to buy Tutorial: https://homebuyeracademy.com.au/workshop Get the comprehensive Kickstart Bundle with three tutorials to get you started: https://homebuyeracademy.com.au/tutorials 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

In today's episode, we're drilling down into the fine art of dealing with real estate agents. See, when you're in the market for your very first home, it's not just about uncovering the perfect property; it's about equipping yourself with the right questions to ask real estate agents. And trust us, it's a make-or-break situation. The intel you extract from them can be a game-changer, influencing not only your decision-making but also your ability to score a favorable deal. We won't just scratch the surface with the "asking price" and "motivation to sell." We dive deep into  the nitty-gritties, like a property's history, market insights, and a few other questions that could potentially shield you from future headaches, or give you the upper hand. Consider this episode as your comprehensive guide to dealing with agents so that you make  wise choices especially when it comes to your first property purchase. Hit that play button now, so you know the precise questions to ask real estate agents and be able to clinch that dream property! Episode Highlights: 00:00 - Introduction 02:08 - Meighan’s special house of the week 05:13 - What is the price guide? 07:46 - What is the sales history? 10:28 - Have there been any offers? 12:05 - Are you or the owner aware of any issues? 14:15 - BONUS QUESTION 15:29 - Are there any unapproved additions? 18:39 - Can you tell me about the neighborhood? 22:35 - What is your sales process? 27:06 - Have the owners already purchased? 28:30 - What is the owner’s ideal settlement period? Resources mentioned in this episode: How to Price a Property Like a Professional https://homebuyeracademy.com.au/free_mini_course_opt_in 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

In an increasingly challenging property market, the dream of owning your first home may seem like a distant goal. But, don't lose hope! In this episode, we'll show you why giving up as a first home buyer in Australia is not the solution. The ANZ Corelogic Affordability Housing Report paints a challenging picture for first-time home buyers. But in this episode, we break down these challenges and give you practical advice on how to overcome them. Join us as we explore the 5 reasons not to give up as a first home buyer. We believe that with the right information, determination, and a little inspiration, you can conquer these challenges and achieve your dreams of owning a home in today's property market. So, don't throw in the towel just yet. Tune in and let us help you get the motivation and knowledge you need to take those crucial first steps toward your first home! Episode Highlights: 00:00 - Introduction 02:11 - Meighan’s special house of the week 03:40 - Challenge #1: The time it takes to save a deposit 05:31 - Solutions for first home buyers saving for a deposit 12:36 - Challenge #2: The rising cost of living 14:33 - How to address the challenges of the current rising cost of living 17:24 - Challenge #3: Servicing the debt 19:13 - Solutions for overcoming the challenge of servicing the debt 26:05 - Challenge #4: More listings don’t necessarily mean cheaper prices 27:44 - Adapting to the dilemma of increased listings and stable prices 30:16 - Challenge #5: The fear of expanding mortgage debt 30:58 - Dispelling the fear of expanding mortgage debt Resources mentioned in this episode: The ANZ Corelogic Housing Affordability Report 2023 https://news.anz.com/posts/2023/05/anz-news-corelogic-housing-affordability-report-2023 Episode 141: Why Lender’s Mortgage Insurance Isn’t Always a Bad Choice https://homebuyeracademy.com.au/podcasts/141 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

In the quest to secure their first homes, Australian first home buyers often encounter the tempting option of purchasing off-plan properties, especially apartments. These properties can offer enticing incentives, but are they worth the risk? In this episode, we explore 10 reasons why off-plan properties are so high-risk for Australian first home buyers. We talk about the pressing issues surrounding off-plan apartments in Australia's real estate market. From potential delays and quality concerns to the uncertainties of the property's final value upon completion. This episode will serve as your guide if you're one of those first home buyers who wish to just settle for an off-plan property. Tune in now to get the lowdown on off-plan homes and make the right first step towards buying your first property. Episode Highlights: 00:00 - Introduction 02:23 - Reason #1: You can lose money 05:30 - Reason #2: Settlement rates 07:59 - Reason #3: Are you getting what you’re paying for? 10:06 - Reason #4: Having a false sense of security 13:15 - Reason #5: How many buildings have defects? 14:47 - Reason #6: Water problems 16:14 - Reason #7: The hidden risk of fire 19:12 - Reason #8: Defective materials 21:29 - Reason #9: Your physical and psychological well being 23:30 - Reason #10: Going to court 28:45 - Bonus: When you don’t buy off-plan, you can work out the price of a property Resources mentioned in this episode: FREE Mini Course: How to price a property like a professional https://homebuyeracademy.com.au/freecourse 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

What if we told you that one of the most common pieces of advice out there, "Every Property Doubles in Value Every 10 Years," might not be what you think it appears to be? In today's installment of our Bad Advice Series, we delve deep into the notion that property values double every decade. It's an enticing prospect, and you may have even come across statistics that seem to support this claim. However, as with everything, the devil truly is in the details. We explore the factors that can make or break this rule, from location and market trends to economic fluctuations and property type. We'll help you understand why blindly following this advice can lead to costly mistakes and why a tailored approach is essential for your specific circumstances. Get ready to shatter the illusion that buying a property is a guaranteed ticket to wealth. Episode Highlights: 00:00 - Introduction 02:11 - Meighan’s special house of the week 03:55 - Examination of historical data and statistics 06:41 - Truth or myth: Housing values to double in 10 years 11:05 - Growth rate of capital cities vs regional areas of Australia in the past 30 years 15:56 - Most regions have seen house values rise more than unit values after the past 30 years 20:13 - NONE of the capital cities recorded a doubling in dwelling values over the past 10 years Resources mentioned in this episode: The long game … 30 years of housing values https://www.corelogic.com.au/news-research/news/2022/the-long-game-30-years-of-housing-values 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

In today's installment of our bad advice series, we delve into a piece of guidance that's often thrown around in the world of home buying: "Keep your cards close to your chest, don't tell the agent anything." It's the kind of advice that seems wise on the surface, but is it truly beneficial for first-time home buyers in Australia? Join us as we break down the misconceptions surrounding this advice and explore the nuances and why following it blindly can lead to unexpected challenges in your home-buying journey. While it might sound like a prudent approach to negotiation, our experts will shed light on how transparency with the agent can actually work in your favour. Tune in now to discover why "Don't Tell the Agent Anything" might not be the golden rule you thought it was and how to navigate this crucial aspect of your home-buying journey. Episode Highlights: 00:00 - Introduction 02:09 - Meighan’s special house of the week 03:40 - Should you be talking to your agent about your budget? 08:14 - These are areas you don’t need to disclose to your agent 10:23 - The importance of creating an emotional connection with your agent first 12:09 - Don’t put yourself in a position where the agent is able to apply pressure on you 14:29 - When “don’t tell the agent anything” can be treated as bad advice 18:56 - The type of buyer that agents typically hate 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

We get it; the journey to owning your first home can be an overwhelming and daunting experience. But before you heed the clichéd advice of "It doesn't matter what you buy, just get on the property ladder," tune in to this as we reveal why this well-intentioned counsel might be one of the worst pieces of property advice you could receive. In this installment of our Bad Advice Series, we delve deep into the concept of rushing onto the property ladder at all costs. While it might seem like a universally accepted mantra, we'll break down the myths and misconceptions surrounding this approach. Don't fall into the trap of panicking to get on the property ladder. Instead, arm yourself with the wisdom shared in this episode, and embark on your journey towards homeownership with confidence and clarity.  Episode Highlights: 00:00 - Introduction 02:04 - Meighan’s special house of the week 06:43 - Reason #1: Why buying anything to get on the property ladder is bad advice? 10:13 - Reason #2: Why buying anything to get on the property ladder is bad advice? 12:02 - What happens when you rush to get on the property ladder 15:56 - Huge mistakes one can make just by getting on the property ladder 21:42 - Why first home buyers also need to consider established properties cautiously 28:39 - The advice to get onto the property ladder is not entirely wrong but… Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode 141: Why Lender’s Mortgage Insurance Isn’t Always a Bad Choice https://homebuyeracademy.com.au/podcasts/141 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 a first home buyer in Australia? If so, you've probably heard the mantra: "Save up 20% for a deposit to avoid the dreaded lender's mortgage insurance." But here's the thing – lender's mortgage insurance, or LMI, might not be the enemy it's made out to be. Contrary to popular belief, LMI isn't a dirty term. Join us as we sit down with Strachan Taylor, a respected expert from Helia, to explore the lesser-known side of LMI that could actually expand your horizons when it comes to purchasing your dream home. It's easy to be skeptical about paying more money for insurance that seemingly doesn't directly benefit you. However, as we unravel the layers of LMI, you'll discover how it can be a strategic tool rather than an unnecessary burden. Join us for an insightful conversation that might just change the way you think about lender's mortgage insurance. Your path to homeownership doesn't have to be limited – it could be more accessible than you ever imagined. Episode Highlights: 00:00 - Introduction 02:33 - Meighan’s special house of the week 03:48 - What is LMI (Lender’s Mortgage Insurance)? 08:18 - What role does LMI play in rapidly rising property markets? 10:23 - How has the role of lenders and mortgage insurance providers changed? 12:58 - What is the cost of the lender’s mortgage insurance? 14:33 - 3 alternative options for first home buyers to enter the market with less than 20% 17:26 - What is the cost of LMI for a $900,000 property with a 5% deposit? 21:20 - Why is a long-term perspective required when entering the property market? 24:24 - The importance of surrounding yourself with property experts 28:46 - Capital growth vs equity 31:21 - Advice for first time buyers looking to buy a property 38:02 - What Strachan wishes he knew as a first home buyer About Our Guest: Strachan Taylor serves as Helia's Strategic Partnership Leader, where he spearheads a dynamic partnership team dedicated to collaborating closely with lender customers in pursuit of helping more Australians achieve financial security through home ownership, expedited by LMI solutions. With a comprehensive skill set encompassing team leadership, communication, and business development, Strachan brings tertiary-level qualifications and extensive expertise in sales, marketing, distribution, and risk management to the helm, constantly striving to enhance risk and capital management solutions and provide valuable market insights for Helia's customers to bolster their risk-writing capabilities. Connect with Strachan Taylor: Visit their company website: https://helia.com.au/ Follow Strachan on LinkedIn: https://www.linkedin.com/in/strachantaylor/ Resources mentioned in this episode: Deposit Comparison Estimator https://helia.com.au/the-hub/calculators-estimators/deposit-comparison-estimator The long game … 30 years of housing values https://bit.ly/3ReJBJt 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 property spruikers exploiting first home buyers' dreams? In a market saturated with alluring promises, some argue that property spruikers are taking advantage of the aspirations of first home buyers. Is it ethical to dangle the prospect of homeownership without providing a comprehensive understanding of the risks involved? You've probably scrolled through your social media feeds and undoubtedly come across those enticing ads promising homeownership for the price of a weekly cup of coffee. The allure of massive growth areas and promises of making thousands a week can be captivating, but it's crucial to navigate this landscape with caution. As a first home buyer, you're entering a significant financial commitment, and separating the genuine opportunities from the dubious ones is paramount. In this episode, we're your guides in understanding the world of property spruikers. We'll equip you with the tools to distinguish the legitimate property advisors from those who are just out to make a quick buck. Through insightful discussions and real-life examples, we'll uncover the red flags to look out for. From aggressive sales tactics to unrealistic guarantees, we'll empower you to spot these warning signs a mile away. Take control of your home buying journey, don't fall for the traps – arm yourself with information and make a step towards securing your future home wisely. Stay tuned! Episode Highlights: 00:00 - Introduction 02:13 - Meighan’s special house of the week 03:37 - What is a property spruiker? 06:00 - How property spruikers lie about statistics 11:43 - Common warning signs that could indicate you’re dealing with a property spruiker 17:18 - Meighan and Veronica recount their experiences in dealing with property spruikers 29:38 - How can you protect yourself from property spruikers? 34:11 - Are there legal measures in place to protect investors from property spruikers? 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

Today, we're diving into Home Buyer Academy's very own "13 Key Property Principles." These principles are like the North Star for property buyers, coming from our extensive experience in the property field. We're here to break them down and make them accessible in this value-packed episode. You might've heard us mention these principles before, but today we're putting them all together. These principles are basically the tried-and-true lessons we've learned over years of helping people buy homes. We know how intimidating it can be to enter the property market for the first time, and these principles are here to give you a solid foundation. Join us as we go through these principles with real examples to make things clearer. Disclaimer: These aren't hard and fast rules, but they're insights that have helped countless first home buyers in Australia. Tune in and start your property journey by buying smart! Episode Highlights: 00:00 - Introduction 02:19 - Principle #1: Real estate agents DO NOT represent you 03:27 - Principle #2: Be cautious about whose side your advisor is on 05:26 - Principle #3: Government grants are NOT actually out to help first homebuyers 07:32 - Principle #4: If it’s easy to buy, it’s difficult to sell 09:29 - Principle #5: In rushing to take advantage of first homebuyer incentives, you buy the WRONG property 12:27 - Principle #6: The concept of compromise in different stages of life 16:46 - Principle #7: Capital growth MATTERS 20:03 - Principle #8: If you can’t fix an issue, it will ALWAYS be an issue 23:49 - Principle #9: The BONES of a property are key 28:33 - Principle #10: The following factors have a really BIG IMPACT on price 30:35 - Principle #11: Don’t just focus on your immediate neighbors 32:08 - Principle #12: Don’t let the process of negotiation impact your decision 37:07 - Principle #13: What’s a very limiting way of choosing location? 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

Property TV shows have become a staple for anyone daydreaming about their future home. But the reality is, what you see on the screen is often a curated narrative that doesn't always mirror the real-life home buying process. As first home buyers, it's crucial to understand the difference between TV magic and the true journey of homeownership. In today's episode, we're lifting the curtain to reveal the truths and secrets of property TV shows, exploring how they relate to the experiences of first home buyers. From bidding wars to instant renovations, we provide tips on how to watch these shows with a discerning eye, while staying grounded in the practicalities of your own home buying process. Tune in as we go behind the scenes of property TV shows and uncover the truths, myths, and lessons they offer for first home buyers in Australia. Remember, your journey is unique, and while property TV can be entertaining, your dream home is waiting to be discovered through careful consideration and the expert guidance of professionals in the real estate industry. Episode Highlights: 00:00 - Introduction 02:18 - What is the show Location, Location, Location all about? 03:06 - Veronica recounts her experience as the previous host of Location, Location, Location Australia 06:07 - The difference between reality and entertainment as observed in the new series 09:10 - Property TV is NOT real education 11:52 - Why Veronica and Bryce decided to do a different approach on the show 16:27 - Why Veronica doesn’t watch property TV shows anymore 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

In this digital age, information is right at the tip of our fingertips, and a quick Google search can provide you with a wealth of knowledge. But with the abundance of information comes the challenge of separating the wheat from the chaff. Anyone can claim to be an expert, and sifting through the vast sea of knowledge can be overwhelming, especially for first home buyers in Australia. In today’s episode, we delve into the pros and cons of both free and paid property courses. Can you truly rely on free courses to give you tried and true methods that will help you in successfully purchasing your first property? Or is it true that paid courses provide you with a more structured and comprehensive approach, that allow you to navigate the intricacies of the property market with expert insights? While you may be thinking there's probably a catch to this ‘cause we are offering a course ourselves, don't let that deter you. We believe in transparency and want to objectively analyse the key differences between free and paid property courses to help you make the right decisions. We aim to empower you with the knowledge you need on your property journey, so tune in now! Episode Highlights: 00:00 - Introduction 02:19 - Why we are talking about free courses vs paid courses 03:31 - What is the problem with free courses and free information? 08:47 - The dangers of an AI being the author of these free courses 12:39 - How to turn off the noise around you and focus on what you need 14:06 - The most common trap Australians fall into when it comes to buying property 16:33 - The PACE system for first home buyers 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

Recently, we received a thought-provoking question from one of our listeners addressing a common concern among first home buyers: How do you distinguish reliable information from misleading advice to confidently shortlist and select your ideal property? Tackling information overload is no easy task, especially for first home buyers with limited experience in the property market. So, we'd like to share our insights on navigating this challenging landscape in order for you to be able to assess and weigh in on the risks effectively. Don't let the overwhelming amount of information steer you off course in your quest for the perfect first home. Tune in and get ready to unlock the door to your future home sweet home! Episode Highlights: 00:00 - Introduction 03:30 - How to filter out bad information and feel confident in property decisions? 04:57 - Why location is not the only factor to consider when looking for a property 05:37 - Why cherry-picking property advice can be risky for buyers 06:33 - Identifying legitimate concerns in a strata report as a buyer 08:03 - What's the next step after discovering the strata issues? 11:12 - The importance of a knowledgeable solicitor and a competent mortgage broker 13:44 - Assembling the right support team for property transactions 19:07 - Risks and benefits of purchasing in a suburb undergoing significant redevelopment 21:37 - What are the dangers of overlooking due diligence? Resources mentioned in this episode: Episode 47: 4 Steps to Take for a Successful Strata Records Inspection https://homebuyeracademy.com.au/podcasts/047 Episode 56: Proper Due Diligence for Buying Strata Properties with Nicole Johnston https://homebuyeracademy.com.au/podcasts/056 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

We all know the struggle of finding a suitable home within our preferred areas, especially when prices continue to rise in many parts of the country. But how do you look beyond the confines of your hometown for alternative places to buy? What are the factors you need to consider? Today's episode is fueled by a question from one of our students during a weekly campfire session, and it's a topic that resonates with many of us - "How do we work out where to start looking?" Learn how to identify emerging areas with potential for growth and development, where your hard-earned money can go further without sacrificing on the quality of life. As a first home buyer, it's crucial to be well-informed and open to considering new possibilities. We'll discuss the factors you should take into account when exploring alternative locations, such as infrastructure, job opportunities, lifestyle amenities, and community vibes. Discover the untapped potential in the broader Australian property market. Let this episode be your compass on your journey towards finding the perfect place to call your own. Episode Highlights: 00:00 - Introduction 02:32 - Meighan’s special house of the week 04:23 - The 3P strategy 04:41 - Let’s talk about Pricing 06:08 - Let’s talk about Property 08:12 - Main things to look for when house-hunting in different suburbs 10:56 - Different approaches to exploring living options across the country 18:18 - Look at the sold properties in some of those areas 19:12 - Additional tips for getting ideas on what to look out for in some areas Resources mentioned in this episode: Kickstart Tutorial Package https://homebuyeracademy.com.au/tutorials Stepping Stone Strategy Tutorial Workshop: https://homebuyeracademy.com.au/ssw 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

Curious about the intricacies of the real estate market as a first home buyer in Australia? Need expert guidance on purchasing your first home? Join us in today's episode as we address some of the most common inquiries shared by first home buyers like yourself. We begin by examining the appeal of first home buyer schemes, followed by unravelling the complexities of disclosing budget information to real estate agents. Additionally, we provide answers to questions about maximising the benefits of working with your mortgage broker. But that's not all – we also delve into the topic of property valuation and discuss the key factors to consider in accurately determining a property's value. Last but certainly not least, we tackle the common challenge of over analysing – an obstacle that often plagues first home buyers. Discover how to strike a harmonious balance between thorough research and trusting your instincts, empowering you to confidently progress towards your homeownership goals. Regardless of your location in Australia, this episode offers tailored insights to meet your specific needs. So tune in and equip yourself with the knowledge to navigate your path to homeownership with clarity and confidence. Episode Highlights: 00:00 - Introduction 02:49 - What challenges do first home buyers face when it comes to home buyer schemes? 08:18 - What is the best approach to take when asked about my budget by a real estate agent? 12:49 - How to get the most out of your mortgage broker 17:01 - How to make the most accurate offers on properties 26:50 - What are the risks of overanalysis in making property decisions? Resources mentioned in this episode: Your First Home Buyer Guide Episode 6: The True Cost of First Home Buyer Grants https://homebuyeracademy.com.au/podcasts/006 Your First Home Buyer Guide Episode 72: Crazy Things Buyers Do When Making Offers https://homebuyeracademy.com.au/podcasts/072 Your First Home Buyer Guide Episode 118: How Mortgage Brokers Help First Home Buyers Navigate the Property Market https://homebuyeracademy.com.au/podcasts/118 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

How does parental assistance impact the affordability and accessibility of housing for first-time buyers? Do alternative financing options offered by parents create an imbalance in the housing market? As the fifth biggest lender in Australia, the bank of mum and dad has become a viable option for financing, particularly for first home buyers. We take a closer look at this option with the guidance of our expert guest, Jenny Fagg — CEO and co-founder of 2Be. Jenny, who we are honoured to be here with today, provides valuable insights into the various financing options available to first home buyers and offers a balanced perspective on the potential advantages and considerations of parental assistance. Understand the complexities behind how parental support can influence your home-buying journey as we delve into its effects on affordability and accessibility. We explore the ways in which financial help from parents can help overcome rising property prices and stringent lending criteria. At the same time, we discuss the potential implications of alternative financing options, such as an imbalance in the housing market. If you're a first home buyer eager to understand how your parents can help you achieve your homeownership dreams, this episode is a must-listen. Gain a comprehensive understanding of how parental support can influence your home-buying journey and explore the potential benefits and challenges associated with it. Episode Highlights: 00:00 - Welcome 02:47 - What is 2Be? 04:18 - Is it only the really wealthy who can get help from the bank of mum and dad? 06:35 - Borrowing against investment properties 10:45 - Explaining a reverse mortgage and the repayment options for the bank of mum and dad 14:54 - Paying back the parents – what are the terms? 20:04 - The opportunity cost of not getting into the market earlier 24:44 - Six tips for understanding the risks of parents lending to their children 36:43 - What if something unforeseen happens to the parents and they have to sell? 42:54 - Maximum proportion of the value that Jenny would offer access to out of the program 45:21 - What Jenny wishes she knew as a first home buyer About Jenny Fagg: Jenny Fagg is one of the founders of 2Be Finance Pty Ltd, a financing company that offers home equity loans for over 55s. Prior to this, Jenny served as CEO and Managing Director of ANZ National Bank Limited. She holds a PhD in Management (Risk) and a Bachelor of Economics (First Class Honours in Organisational Psychology). Connect with Jenny Fagg: Follow Jenny on LinkedIn: https://www.linkedin.com/in/jenny-fagg-74521951 Visit their website: https://www.2be.com.au/ Resources mentioned in this episode: Make the best bank of mum and dad decision: https://www.2be.com.au/education-documents Setting up the Bank of Mum and Dad to Success: https://www.2be.com.au/bank-of-mum-dad/setting-up-the-bank-of-mum-and-dad-for-success Financial Firepower Calculator https://www.2be.com.au/calculators/financial-firepower-form 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: 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

Welcome to the final episode of our state based expert series! Throughout this journey, we've had the privilege of probing the minds of Australia's foremost buyer's agents, gaining invaluable insights along the way. As we wrap up, we focus our attention on a pivotal aspect: the significance of local expertise. Join us in this episode as we explore the compelling benefits and undeniable reasons behind the necessity of developing local expertise when it comes to property acquisition. Whether you're a hands-on buyer or rely on the expertise of a buyer's agent, understanding the vital role of local knowledge is crucial. With the recent surge of borderless buyer's agents, it is imperative to grasp the stark contrast between desk-based research and the unparalleled advantages of on-the-ground experience. We talk about the intricate nuances that can only be deciphered by those who possess an intimate understanding of a specific locale. Gain a deeper understanding of the nuanced factors that shape property values, market trends, and investment opportunities, allowing you to make decisions that will yield substantial returns. Transform the way you approach home buying by tuning in! Episode Highlights: 00:00 - Introduction 02:52 - Introduction of property experts from all across Australia 4:40 - What are some of the mistakes made by property buyers when buying interstate? 15:16 - Each expert states what they wish they knew as a first home buyer Connect with our Property Experts from all Across Australia: Katherine Skinner LinkedIn: https://www.linkedin.com/in/katherine-skinner-1b49a149/ Website: https://adelaide.nationalpropertybuyers.com.au/ Samantha Spilsbury LinkedIn: https://www.linkedin.com/in/sam-spilsbury-946321b5/ Website: https://buyersagentstasmania.com.au/ Jarrod McCabe LinkedIn: https://www.linkedin.com/in/jarrod-mccabe-81333034/ Website: https://wakelin.com.au/ Ben Lamers LinkedIn: https://www.linkedin.com/in/ben-lamers-16772a52/ Website: https://acumentis.com.au/ 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

Strata properties hold incredible potential for first home buyers, but unlocking that potential requires a solid understanding of the game. Join us in week four of our state-based expert series, where we bring you a comprehensive exploration of the ins and outs of strata, shining a light on the critical nuances that can make all the difference in your real estate ventures. Throughout this enlightening episode, we unveil the distinct characteristics that set strata properties apart from freehold properties, shedding light on the potential opportunities and challenges they present. Prepare to gain invaluable insights from esteemed experts who will demystify the legal frameworks and obligations that govern strata living. Whether you're a seasoned real estate professional or simply curious about the legal aspects of strata, this podcast provides the knowledge and insights necessary to excel in the intricate world of strata properties. Tune in as we tackle the complexities, empowering you to make informed decisions and thrive in the realm of real estate law. Episode Highlights: 00:00 - Introduction 02:43 - Introduction of property experts from all across Australia 04:32 - What’s the difference between buying a strata property and a freehold property? 11:09 - Is it true that houses always outperform units? 15:44 - What are the biggest risks buyers need to be aware of when hunting strata property? Connect with our Property Experts from all Across Australia: Katherine Skinner LinkedIn: https://www.linkedin.com/in/katherine-skinner-1b49a149/ Website: https://adelaide.nationalpropertybuyers.com.au/ Samantha Spilsbury LinkedIn: https://www.linkedin.com/in/sam-spilsbury-946321b5/ Website: https://buyersagentstasmania.com.au/ Jarrod McCabe LinkedIn: https://www.linkedin.com/in/jarrod-mccabe-81333034/ Website: https://wakelin.com.au/ Ben Lamers LinkedIn: https://www.linkedin.com/in/ben-lamers-16772a52/ Website: https://acumentis.com.au/ 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

Welcome to the third part of our series together with our state-based experts where we bring you valuable insights about the differences and similarities of property rules across Australia!  This week, we dive into the intriguing world of vendor disclosure—a crucial piece of information that home buyers, especially first-timers, need to know to avoid making massive mistakes in their home purchases. In this eye-opening episode, we explore the vital information that sellers and agents are obligated to share with you as a buyer in each state, highlighting potential pitfalls you must stay away from. Get ready, as this particular episode is where we gained the most knowledge, given that each state has its unique set of rules when it comes to vendor disclosure. If you’re considering buying a property in Australia, this episode provides valuable guidance that applies to all first home buyers. Tune in now and gain the knowledge you need to avoid costly mistakes in securing the home of your dreams. Episode Highlights: 00:00 - Introduction 02:59 - Introduction of property experts from all across Australia 04:47 - What information must a vendor disclose in your state? 11:44 - Does that level of disclosure in each state seem like enough? 14:50 - How hard is it for the average buyer to get this additional information? 19:58 - What would each property expert like to see as mandatory in vendor disclosures? Connect with our Property Experts from all Across Australia: Katherine Skinner LinkedIn: https://www.linkedin.com/in/katherine-skinner-1b49a149/ Website: https://adelaide.nationalpropertybuyers.com.au/ Samantha Spilsbury LinkedIn: https://www.linkedin.com/in/sam-spilsbury-946321b5/ Website: https://buyersagentstasmania.com.au/ Jarrod McCabe LinkedIn: https://www.linkedin.com/in/jarrod-mccabe-81333034/ Website: https://wakelin.com.au/ Ben Lamers LinkedIn: https://www.linkedin.com/in/ben-lamers-16772a52/ Website: https://acumentis.com.au/ 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

Welcome to the second installment of our five-part series, where we delve into the intricacies of property regulations across Australia.  As you all know, in this five-part series, we are joined by six esteemed experts from different regions of the country who shed light on the nuances and similarities of property regulations in New South Wales, Queensland, South Australia, Tasmania, Victoria, and Western Australia. Today, our panel of experts will shed light on how private treaty offers are handled in each state, highlighting the key differences and similarities. By understanding these variations, both buyers and sellers can navigate the property market with greater confidence and knowledge. Join us for this informative discussion as our experts continue to unravel the complexities of property regulations across Australia. Together, we will explore the essential aspects that shape private treaty transactions in each jurisdiction. Stay tuned for our upcoming episodes, but for now, let's get into it! Episode Highlights: 00:00 - Introduction 02:46 - Introduction of property experts from all across Australia 04:34 - Can you make conditional offers in your state? 06:36 - What conditions are typically used in each state? 11:15 - What are some of the weirdest conditions each agent has used or heard in their state? 15:34 - Cooling off period for buyers in each state 19:09 - Penalties in each state for when buyers terminate during the cooling period 21:47 - When is an offer binding in your state? 25:57 - Can buyers get gazumped in your state? Connect with our Property Experts from all Across Australia: Katherine Skinner LinkedIn: https://www.linkedin.com/in/katherine-skinner-1b49a149/ Website: https://adelaide.nationalpropertybuyers.com.au/ Samantha Spilsbury LinkedIn: https://www.linkedin.com/in/sam-spilsbury-946321b5/ Website: https://buyersagentstasmania.com.au/ Jarrod McCabe LinkedIn: https://www.linkedin.com/in/jarrod-mccabe-81333034/ Website: https://www.wakelin.com.au/ Ben Lamers LinkedIn: https://www.linkedin.com/in/ben-lamers-16772a52/ Website: https://acumentis.com.au/ Resources: Episode 127: The Property Blueprint: Experts Decoding State Rules Across Australia (Part 2 - Making Offers) https://homebuyeracademy.com.au/podcasts/127 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

In this 5-part series of experts decoding state rules on property across Australia, we've invited six distinguished experts to join us on the podcast hailing from various corners of the country. They shed light on the nuances and similarities of property regulations in New South Wales (NSW), Queensland (QLD), South Australia (SA), Tasmania (TAS), Victoria (VIC), and Western Australia (WA). Are you prepared to decipher the language of bidding, outmaneuver your competitors, and secure your dream home? Today’s episode will equip you with the knowledge and understanding you need to navigate the twists and turns of Australia's property auction maze. From the fast-paced auctions of New South Wales to the unique characteristics of Queensland's bidding culture, we leave no stone unturned. Discover the secrets behind successful bidding strategies in South Australia, uncover Tasmania's distinctive auction landscape, explore Victoria's auction regulations, and delve into the specifics of Western Australia's property auctions. For all the budding first home buyers out there, gain the knowledge you need to decipher the code of property auctions across Australia. Tune in and embark on a journey that will demystify property auctions and empower you on your path to homeownership. Episode Highlights: 00:00 - Introduction 02:34 - Introduction of property experts from all across Australia 04:22 - What is the auction registration process in your state? 07:40 - Can you register during an auction in your state? 09:34 - How many bids can a vendor make in your state? 12:15 - How are questions about price or quoting usually handled by agents in your state? 17:08 - What are the craziest things you’ve seen people do at an auction? Connect with our Property Experts from all Across Australia: Katherine Skinner LinkedIn: https://www.linkedin.com/in/katherine-skinner-1b49a149/ Website: https://adelaide.nationalpropertybuyers.com.au/ Samantha Spilsbury LinkedIn: https://www.linkedin.com/in/sam-spilsbury-946321b5/ Website: https://buyersagentstasmania.com.au/ Jarrod McCabe LinkedIn: https://www.linkedin.com/in/jarrod-mccabe-81333034/ Website: https://wakelin.com.au/ Ben Lamers LinkedIn: https://www.linkedin.com/in/ben-lamers-16772a52/ Website: https://acumentis.com.au/ Resources: 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

Curious to know how a seemingly innocent misstep cost an ill-fated couple their cherished home? What could they have overlooked in the buying process? And what can we learn from their heartbreaking experience? Today, we talk about the story of a couple from the illustrious Gold Coast and how they tragically lost their cherished home due to a seemingly innocuous error. May this episode serve as a stark reminder for all prospective homeowners about the paramount significance of comprehending the intricate buying process across diverse states and the indispensable need for meticulous research and thorough examination. It has always been our objective to provide you with the tools and insights required to make well-informed decisions, avoid potential pitfalls, and safeguard your dreams of homeownership. So come and follow us to the Gold Coast to discover why understanding state-specific buying processes is absolutely crucial. Trust us, this is an episode you wouldn't want to miss. Tune in now and unlock the keys to a successful and fulfilling home-buying experience. Episode Highlights: 00:00 - Introduction 03:24 - Couple's long battle over family home 05:08 - Buying property varies by state: Different states, different rules 07:38 - Explaining a caveat  11:46 - Avoiding property disasters by hiring a local buyer's agent 15:07 - The importance of checking for changes before an auction 17:17 - What are the right questions to ask the conveyancer? 21:10 - What is an encumbrance on a mortgage? 23:13 - Why you need experienced people on your crew 27:20 - Worst case scenario you get when you ignore the red flags Resources Mentioned in this Episode: Gold Coast couple never legally owned home they purchased at auction, court ruling finds https://bit.ly/3ooOKTj Other resources: 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 Buyer's Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Brisbane Buyer's 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

In this episode, we delve into the fascinating world of the property buying lifecycle, offering invaluable insights through the lens of a seasoned financial advisor. Now, before you dismiss this as irrelevant to your current situation as a first home buyer, hold on tight! We're about to uncover how your first home purchase can be a stepping stone towards long-term financial success. As we explore the property buying lifecycle, we'll touch on the potential for future property acquisitions, whether it be upgrading or diversifying your portfolio. You'll gain a holistic understanding of how your initial home purchase can become a springboard for building wealth, providing you with the flexibility to adapt and grow as your circumstances change. Discover the critical factors to consider beyond just finding a roof over your head and learn how to approach your first purchase with a strategic mindset, ensuring that your property aligns with your long-term goals and aspirations. Tune in to gain the knowledge and confidence needed to make informed decisions at every stage of the property buying lifecycle. Episode Highlights: 00:00 - Welcome to Your First Home Buyer Guide Podcast! 02:13 - Meighan’s special house of the week 04:14 - Why property and wealth creation go hand in hand 08:53 - Stuart Wemyss’ podcast and the Home Buyer Guide’s phases of life 10:22 - Phase 1: The recommended time to master cash flow management 14:12 - Why you need an investor’s mindset when buying your first home 17:25 - Phase 2: Before starting a family – career progressing, income increasing 20:17 - Phase 3: The almost impossible to build wealth phase 22:43 - Tips for continuing to build wealth even if you’re in phase 3 24:45 - The importance of understanding different needs through different phases of life 30:16 - You also need to think about other investment opportunities other than property 31:16 - Having a home you own can help in retirement 33:12 - When is a really important time to get advice from a financial advisor? 35:06 - Final phase: The retirement age Resources: Investopoly Episode 253: The typical life cycle of an investor https://podcasts.apple.com/ph/podcast/the-typical-life-cycle-of-an-investor/id1348458167?i=1000609537175 Listen to Stuart Wemyss’ podcast Investopoly https://podcasts.apple.com/ph/podcast/investopoly/id1348458167 Investopoly by Stuart Wemyss https://amzn.to/3OkkTpu 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

As a first-time home buyer in Australia, you may be feeling overwhelmed by the complexities of the property market, often faced with a myriad of questions and challenges. How can you afford the property you need? How do you find the right buyer's agent to guide you through the process? And how can you make informed decisions when the sold prices aren't published? Today, we'll be addressing these questions and more, providing you with valuable insights and advice on your journey to becoming a homeowner in Australia. Whether you're just starting out or you've already been searching for months, you'll find plenty of useful tips and strategies to help you on your journey towards home ownership in Australia. So tune in! Episode Highlights: 00:00 - Introduction 02:06 - Meighan’s special house of the week 03:27 - Options for first home buyers who can’t afford to buy the property they want to live in 09:47 - How mortgage brokers help you determine your borrowing capacity 15:12 - Picking the right buyer’s agent to help out with your property advice needs 23:47 - How to find the sale price of recently sold properties that are not disclosed? 25:35 - Where to start in the buying process 27:39 - Not enough savings for a deposit — thoughts on a Government Shared Equity Scheme? Resources: Episode 40: How Can You Identify A, B, and C Grade Properties? https://homebuyeracademy.com.au/podcasts/040 Listen to Episode 118: How Mortgage Brokers Help First Home Buyers Navigate the Property Market https://homebuyeracademy.com.au/podcasts/118 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