Ever feel like you’re stuck in no man’s land after making an offer? That weird silence from the agent that probably leaves you wondering—what’s next? In this episode, we tackle exactly what happens between submitting your offer and hearing back. It’s one of the most frustrating parts of the home-buying process, and if you’ve ever found yourself asking, “Do we counter again or is this a one-and-done situation?”—you’re not alone. We break down how skipping key steps—like reviewing the contract or researching pricing—can throw you off track and leave you scrambling while also talking about the emotional rollercoaster of negotiations and why it’s critical to know if you’re bidding against others or in a straight negotiation because believe us, knowing the difference can save you a lot of stress (and money). And then, we share the go-to magic question that every buyer needs to ask an agent to avoid misunderstandings. So, if you want to avoid rookie mistakes, keep your cool during negotiations, and handle the offer process like a seasoned pro, this episode’s got you covered. (Stay with us till the end to hear the most important question you should ask that could make or break your deal.) Episode Highlights: 00:00 - Introduction 02:27 - “We’ve offered and are waiting to hear back…what do we do?” 03:28 - The football analogy 05:46 - A quick run through of the 10 steps in the first home buyer guide 07:00 - What are the key steps in the offer process? 13:49 - How to handle multiple offers and negotiations 15:16 - How the process of making offers on property can vary widely between agents 20:00 - Effective negotiation strategies 23:09 - Emphasis on emotional control and why it’s so important in the offer process 27:45 - A good question to ask when you find out there are other offers on the property Resources mentioned in this episode: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse Your First Home Buyer Guide Episode 197: How Do You Handle the Stress When Buying a Home on Your Own? https://homebuyeracademy.com.au/podcasts/197 Resources: Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers Visit our website https://www.homebuyeracademy.com.au/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 a home is easily one of the most stressful things you’ll ever do, especially when you’re flying solo. Today, we’re tackling this question from one of our Facebook group members: how do you get past the terror of making a massive financial mistake as a single person? We totally get it—between skyrocketing property prices and the thought of no safety net, it’s enough to make anyone feel nervous. So today's episode is all about helping you go through the rollercoaster of buying on your own. We share some personal stories about what it’s like to buy without a fallback and the kind of pressure that comes with knowing it’s all on you. We dig into some surprising stats—did you know nearly a quarter of buyers are doing it alone? Yep, that’s right. And what’s interesting is more women are stepping up, even as the number of single male buyers has dipped. The question, however, remains: Is it doable at all? Join us as we walk you through the process. This episode is full of advice to help you make the best decisions and come out the other side feeling good about your purchase. So let's get started! Episode Highlights: 00:00 - Introduction 02:09 - Meighan’s special house of the week 04:36 - Moving past the terror of making a huge financial mistake when buying your first home 05:24 - Statistics and emotional aspects of buying alone 08:30 - Emotional vs logical decision-making 12:04 - The importance of logical decision-making 13:40 - Planning and preparation for buying a property 19:20 - Understanding your own unique set of compromises Resources mentioned in this episode: Where to buy tutorial https://homebuyeracademy.com.au/workshop Check out all of our courses here: https://homebuyeracademy.com.au/all-courses Emotions and property investment – do they mix? https://channels.realty.com.au/realtytalk/emotions-and-property-investment-do-they-mix-veronica-morgan/ The Art and Science of Removing Emotions when Buying a Property https://propertyplanning.com.au/the-art-and-science-of-removing-emotions-when-buying-property/ The Elephant in the Room Property Podcast https://www.theelephantintheroom.com.au/podcasts 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

This week, we continue with part two of our East Coast property market update, once again joined by Cate Bakos. In this episode, we delve into the nitty-gritty of what your budget can buy in Sydney, Melbourne, and Brisbane, as the market shifts through 2024. From first home buyers eyeing properties in the $600k-$700k range to those with budgets up to $1.5 million, we break down the opportunities and challenges each city presents. We start with Melbourne, where Cate shares insights on how infrastructure projects are shaping affordable areas, particularly in the outer suburbs. Then, we head to Brisbane, where increasing competition and unique risks—such as black soil issues—require careful consideration for buyers, especially in the $700k-$800k bracket. Finally, we turn to Sydney, where the market remains highly competitive, and buyers with budgets below $1 million will face difficult choices between apartments and older homes in outlying suburbs. Tune in to find out how these three markets compare, what to watch out for, and where the best value for money can still be found. Episode Highlights: 00:00 - Introduction 02:19 - Buying a property in Melbourne, Brisbane and Sydney for $600k - $700k 09:08 - Buying a property in Melbourne, Brisbane and Sydney for $700k-$800k 13:41 - Buying a property in Melbourne, Brisbane and Sydney for $800k - $1 million 21:57 - Buying a property in Melbourne, Brisbane and Sydney for $1.1 million - $2 million 25:15 - Investment strategies and property selection in Sydney, Melbourne & Brisbane 32:00 - Rental market & legislative shifts in Sydney, Melbourne, and Brisbane 44:42 - The challenges of increased land tax and rental reforms 51:29 - Property risks, key drivers, and opportunities — Melbourne 54:10 - Property risks, key drivers, and opportunities — Brisbane 56:57 -  Property risks, key drivers, and opportunities — Sydney Resources mentioned in this episode: Buying Property in Sydney, Melbourne, or Brisbane? Here’s What You Need to Know (Part 1) https://homebuyeracademy.com.au/podcasts/195 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

If you’re thinking about buying property in Sydney, Melbourne, or Brisbane, you’re in the right place. In this episode, we talk about the key differences between these three major Australian cities—because let’s be honest, what works in one city might be a complete disaster in another. We’re here to help you figure out where your money goes further, what’s happening in 2024, and how to avoid some of the biggest traps buyers fall into. We have Cate Bakos joining us from Melbourne who shares what’s really happening in the Victorian market—especially after those long lockdowns and the media hype. Next up, we bring you all the latest on Brisbane’s booming market, which is moving faster than it has in years. And of course, we also cover Sydney, where even in a so-called “normal” market, there are still plenty of surprises to handle. We know there’s no one-size-fits-all answer when it comes to the best buying strategy, so we’re giving you real, on-the-ground insights to help you make the best decision for your situation. Episode Highlights: 00:00 - Introduction 02:54 - Who is Meighan Wells? 03:26 - Who is Cate Bakos? 04:05 - Who is Veronica Morgan? 05:41 - General Market Conditions in Melbourne 07:59 - General Market Conditions in Brisbane 18:23 - General Market Conditions in Sydney 22:21 - Is there a sweet spot for investors at the moment in Melbourne? 33:08 - Is the property market competitive in Brisbane at the moment? 39:35 - What are the most competitive price ranges and property types in Sydney About Our Guest: Cate Bakos, with a Chemistry degree from Monash University, transitioned from a successful career in sales and marketing with Orica to becoming an award-winning real estate professional. After purchasing her first property at 21, she moved into Melbourne’s Bayside property market, later founding Cate Bakos Property in 2014. Cate has guided over 2,000 clients through property purchases and strategies, leveraging her expertise in lending policy and cash flow analysis. A regular media commentator, Cate co-hosts “The Property Trio” podcast and authored “Successful Property Investment.” She served as REBAA President from 2019 to 2023 and continues to mentor young industry professionals. Connect with Cate Bakos: Website https://www.catebakos.com.au/ LinkedIn https://www.linkedin.com/in/catherinebakos/ Instagram https://www.instagram.com/cate_bakos_property/ 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

When you’re looking to buy a property, how can you truly tell if it has renovation potential? That’s the question we dive into in this episode. With a focus on the top six things to look for, we cover what adds value and what doesn’t, how to spot hidden costs, and which projects are best left untouched. We start with why location is key, and why it’s something you must get right before you even think about renovations. We also break down the difference between a cosmetic facelift and a full-on renovation project, so you can figure out if you’re better off avoiding that fixer-upper. You’ll hear about the importance of good bones, solid maintenance, and why not all renovations will actually increase your property’s value. We also deep dive into how the layout and orientation of a property can impact both livability and resale value. Plus, we touch on the importance of flow—because no one wants a home that doesn’t make sense, no matter how nice it looks. And let’s not forget those big expenses like rewiring or re-stumping. They’re essential, but we explain why they don’t always add the kind of value you might expect. By the end of this episode, you’ll have a much clearer idea of what to look for when assessing a property’s renovation potential. So if you’re ready to dive into the nitty-gritty and avoid making costly mistakes, we’ve got you covered! Tune in for all the details. Episode Highlights: 00:00 - Introduction 02:16 - Example of a home that you wouldn’t want to bother renovating 03:41 - The importance of location when choosing a property 08:14 - Top 6 things to look for when assessing the renovation potential of a property 08:36 - Number 1: Bones of the property/Structural soundness 11:42 - Number 2: Is it well-maintained or neglected? 17:27 - Number 3: Orientation 20:22 - Number 4: Layout 24:48 - Number 5: Ensure appropriate room proportions for the upgraded layout 28:33 - Number 6: Feasibility 30:54 - Non-value adding renovations — necessary but don’t necessarily add value 37:43 - Danger zones — things you can’t fix 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 like a real challenge, and if you’re feeling unsure, you’re not alone. In today's episode, we answer more questions from our Member Only Facebook group to help clear things up and guide you in the right direction. We kick things off by tackling a big question: should you buy in your dream location now and rent it out, or wait until you’ve saved up a bigger deposit? We break down the pros and cons so you can make a decision that works for you. Next up, we discuss home and contents insurance. We go over what you need to think about and suggest some good providers to help keep you covered. Then we dive into whether it’s worth stretching your budget for a detached home instead of settling for a duplex, weighing the options so you can see what fits best with your plans. Finally, we give you some handy tips on what to look for when inspecting a property. It always pays to know what to check so that you can be saved from unexpected issues later on. Tune in to get straightforward advice and answers to help you confidently move forward with buying your first home. Episode Highlights: 00:00 - Introduction 02:04 - Meighan’s special house of the week 03:15 - Should you buy in your dream location now and rent it out or wait for a bigger deposit? 08:58 - Top considerations for home and contents insurance and recommended providers? 13:42 - Is it worth stretching your budget for a detached home instead of buying a duplex? 17:46 - What to look for when inspecting a property Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode 191: Facebook Questions Answered: What Every First Home Buyer Needs to Know https://homebuyeracademy.com.au/podcasts/191 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

For first time home buyers, understanding government grants and incentives is an important part of your home ownership journey.  BUT you should not limit your property search to fit into the criteria to qualify for one. In this episode, we explore the various options available to help you get started. With each state offering different schemes, it can be confusing to know which ones you’re eligible for and how to apply. That’s why we’re breaking it all down for you, state by state. Join us as we talk about these essential grants and incentives, and understand how they can impact your home-buying process. We discuss the differences in each state’s programs, what you need to qualify, and tips for managing the application process covering the latest updates and changes to these programs, so you stay informed and prepared. Tune in to learn how to ask the right questions of your advisors so you can understand which grants and incentives you qualify for while keeping all of your options open. Episode Highlights: 00:00 - Introduction 02:11 - Meighan’s special house of the week 04:57 - First home owner’s grant 06:04 - First home guarantee 08:05 - Family home guarantee 09:33 - State-by-state breakdown: New South Wales 14:03 - State-by-state breakdown: Victoria 16:59 - State-by-state breakdown: Queensland 19:53 - State-by-state breakdown: Australian Capital Territory 21:56 - State-by-state breakdown: Western Australia 25:10 - State-by-state breakdown: Northern Territory Resources mentioned in this episode: Revenue NSW https://www.revenue.nsw.gov.au/ State Revenue Office Victoria https://www.sro.vic.gov.au/ Queensland Revenue Office https://qro.qld.gov.au/ ACT Revenue Office https://www.revenue.act.gov.au/ Revenue Online WA https://apps.osr.wa.gov.au/portal/0/home Northern Territory Revenue Office https://treasury.nt.gov.au/dtf/territory-revenue-office 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 like a maze, and we get it—there are a million questions running through your head. That’s why we created our Facebook group just for first home buyers, where no question is too simple or too complex. And the questions have been pouring in! In this episode, we answer the most common questions from our Facebook group. We start with the nitty-gritty details of what standard strata fees are and what they typically cover—because no one wants to be caught off guard by unexpected costs. We then shift the discussion towards the importance of assembling a solid support crew, talking about how to find a reliable buyer’s agent, a thorough building and pest inspector, and a conveyancer who truly has your best interests at heart. We also explore the dilemma of focusing on location versus opting for a property with more space. And then break down the pros and cons of securing a higher-value property with a loan compared to choosing a lower-grade one with grants. This episode is packed with the insights you need to move forward confidently on your home-buying journey. So what are you waiting for? Let's dive right in! Episode Highlights: 00:00 - Introduction 02:07 - Meighan’s special house of the week 03:33 - What are standard strata fees and what do they normally cover? 10:16 - How do you find a good support crew (buyer’s agent, building/pest inspector, conveyancer, etc.)? 25:22 - As a 48-year-old first home buyer, what’s more important: location or extra space? 29:16 - Is it better to secure a higher-value property with a loan or a lower-grade one with grants? 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

When you’re buying a home, the last thing you expect is for the ground beneath it to literally sink away. In this episode, we dive deep into a real-life disaster involving properties affected by sinking land, where homes began to crack and crumble due to unstable ground. How could this happen, and what should buyers learn from this nightmare scenario? We explore the consequences of purchasing off the plan, especially in areas with new subdivisions, where the history of the land is often obscured. The land might have been leveled from farmland, hills, or filled-in dams—but without proper transparency, the buyer is left in the dark. Could something similar happen to you? Our discussion also covers the challenges homeowners faced after the damage was discovered, including compensation complexities, demolition, and the bitter reality of living next to a demolition site. We highlight the critical importance of due diligence, particularly when buying in new estates, and how to protect yourself from similar risks. Tune in to understand the key lessons from this case of unstable land and sinking homes, and learn how to avoid falling into a similar trap when buying property. Your dream home shouldn’t become your worst nightmare. Episode Highlights: 00:00 - Introduction 02:14 - Meighan’s special house of the week 04:41 - Overview of the problem with over a thousand homes affected by unstable land 08:33 - The risks associated with purchasing property in newly subdivided areas or off the plan 12:17 - The dangers of not investigating property risks before purchase 19:16 - Emotional and financial toll on the residents affected by the sinking homes 22:36 - Consequences of living next to a demolition site and how it affects property value 24:00 - Protect yourself from similar risks in the future Resources mentioned in this episode: Owners fear more damage to homes over bulldozing fix at 'sinking' Western Sydney suburb - ABC News https://ab.co/3WUl9OH Mystery over Sydney's sinking houses deepens as desperate homeowners seek answers in Glenmore Park, Box Hill and Jordan Springs https://bit.ly/3MbQoQc Your First Home Buyer Guide Podcast Episode 186 Buying New or Off-Plan? Your Guide to Managing the Risks https://homebuyeracademy.com.au/podcasts/186 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

Continuing from last week’s episode on Property 101, we dive deeper with Property Investment 101. In this episode, we break down the essential terms and concepts that often get overlooked, words you’ve probably heard thrown around but maybe aren’t quite sure what they really mean. If you’ve ever found yourself confused by property jargon, this is the perfect guide to clear things up. We talk about everything from yields to equity—stuff that might seem a bit dry but can make a massive difference when you’re making those big decisions. Hang around 'cause we're keeping it simple and straightforward, just the way you need it. No fluff, just the essentials that’ll help you get your head around the property market.  Cut through the jargon and feel confident and in control of your property journey! Let's dive in! Episode Highlights: 00:00 - Introduction 02:12 - Meighan’s special house of the week 04:35 - Property is long-term 05:01 - Property investment involves buying real property 05:23 - What is rental income? 05:35 - What is rental yield? 06:07 - What is current market value? 07:39 - Definition of tenancy 07:48 - Who is the property owner? 08:05 - What are tenants? 08:18 - The property manager 08:32 - Bonds 08:59 - Minimum housing standards 10:09 - Purchasing costs 11:06 - Ongoing expenses 11:51 - Deductible expenses 12:22 - Non-deductible expenses 13:46 - Depreciation 15:27 - Capital gains 16:19 - Capital gains tax 18:48 - Negative gearing 19:19 - Positive gearing 20:17 - Return on investment 22:02 - Vacancy 22:36 - Vacancy rates 24:09 - Landlord insurance 25:47 - Negative growth 27:27 - Interest rate changes Resources mentioned in this episode: Property 101: Your Guide to Mastering Property Basics https://homebuyeracademy.com.au/podcasts/188 Meet our recommended mortgage brokers at Home Buyer Academy 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

Ever heard of the curse of knowledge? It's when experts forget that not everyone knows what they do. As seasoned buyer’s agents with over 45 years of combined experience, we sometimes assume that our listeners know as much as we do. And we forget that terms like LMI, equity, capital growth, and rentvesting can be really confusing for those new to property. Today’s episode was sparked by a conversation with a good friend who recently watched a property seminar online. Despite our long friendship and frequent property discussions, he says he wished he'd learned about the fundamentals of property and leverage earlier, which made me realise that I often take for granted the fact that not everyone shares my base level of knowledge when it comes to property. So we're correcting that by starting from scratch. Tune in as we cover the essential concepts of property without diving into the buying process, breaking down the foundational elements of property in a simple and accessible way. This episode is perfect for anyone — first home buyers, school-age kids, or just about anyone who’s curious about property basics. Let’s dive in! Episode Highlights: 00:00 - Introduction 03:35 - You can live in a house that you own or a house that someone else owns 04:16 - You can buy a property to live in or an investment property that someone else lives in 05:07 - You can borrow money to buy a property 06:17 - When you borrow money, the lender uses the property as security 07:23 - Lenders will not lend the full purchase price of the property 08:21 - There are other costs that you have to pay for (stamp duty, legal fees, etc.) 10:59 - The difference between what the property is worth and the amount you owe the lender is called the equity 11:49 - Each lender has their own policies about who they’ll lend to and how much they will lend 13:16 - Each lender has different policies about how much they’ll lend for different types of properties 14:58 - There is no set price for a property 15:58 - Your choice of property purchase has the biggest impact on whether the value increases/decreases 16:39 - How compound growth applies to property 19:32 - A property’s value can go up and then down 20:27 - If the value goes up, it’s called capital growth – if the value goes down, it’s negative growth 20:58 - Equity is calculated as the difference between the current value of a property and the remaining loan balance owed to the lender 21:44 - If the value goes down and you owe the lender more than the property is worth, it's called negative equity 22:45 - You can use the equity in your property to borrow more money to purchase another property 24:39 - Some people buy and sell in less than five years 26:18 - Long term, people can use property as a way to build wealth 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 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

Imagine buying your first home, doing everything right to avoid mistakes, and then finding out it's so termite-infested with LIVE termites it needs to be demolished. This is indeed a nightmare, but could this have been avoided? In this episode, we dive into the tragic story of a young couple who faced this exact situation, and we discuss the steps you can take to prevent such a disaster. So, in the story, this particular couple hired a building and pest inspector, but still ended up with a house that had to be demolished due to severe termite damage. Today, we explain the role of a building and pest inspector, the importance of thermal imaging technology, and why it’s crucial to insist on seeing evidence from these inspections. We also talk about the variations in seller disclosure laws across different states and why you can’t always rely on sellers or agents to disclose everything. Join us to learn the preventative measures and expert tips that can save you from a similar fate. Stay tuned and let’s explore together! Episode Highlights: 00:00 - Introduction 02:24 - What termite damage looks like in the rafters of a roof 03:13 - The story of the couple who bought a two-storey home riddled with LIVE termites 07:27 - The importance of a building inspector in property purchases 09:51 - Reasons why the purchase pushed through despite awareness of property damage 15:10 - Dealing with vendor disclosure in areas where the disclosure requirements are limited  17:01 - Some tips on finding a reliable building inspector 19:45 - What are the risks of performing due diligence after signing a contract in Queensland? 21:42 - How will Queensland's new vendor disclosure laws impact property sellers? 23:28 - Lessons to learn from a real-life case of undisclosed termite damage Resources mentioned in this episode: Gold Coast family say seller disclosure laws could have stopped them buying termite-damaged home https://www.abc.net.au/news/2024-04-06/gold-coast-family-termite-damaged-home-qld-new-property-laws/103638508 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

Are you considering buying new or off-plan? This episode is your ultimate guide to managing the risks. First home buyers face numerous decisions, and one of the most critical is choosing between new or established properties. Today, we dive deep into the good, the bad, and the ugly with our special guest, Cate Bakos, who has written the ultimate guide to the risks of buying brand new or off-plan properties. Cate helps us understand the complexities of buying new or off-the-plan properties and talks about the importance of understanding terms like "sunset clauses", understanding the differences between titled and untitled properties, and many more. So whether you're enticed by the sleek marketing of new developments or the potential savings in stamp duty, it's essential to be aware of the hidden risks and ensure you're making the best choice for your financial future. Tune in and let’s get started! Episode Highlights: 00:00 - Introduction 02:11 - Meighan’s special house of the week 03:25 - Who is Cate Bakos? 05:36 - Understanding Off-Plan 09:49 - Risks and uncertainties associated with buying property off-the-plan 13:01 - Reasons why first home buyers choose to buy off-the-plan 17:22 - The risks of underperformance for properties off-the-plan 19:01 - What first home buyers should know about the costs of off-the-plan properties? 23:36 - Deceptive practices in off-the-plan sales of apartments and large subdivisions 29:11 - What issues might buyers face with variations in off-the-plan property contracts? 35:06 - Key factors to consider when researching developers for off-the-plan purchases 40:11 - There’s no negotiation on off-the-plan properties 43:07 - Additional reasons why off-the-plan properties are not the best choice 46:57 - A few advantages of buying off-the-plan 49:38 - What Cate Bakos wishes she knew as a first home buyer About Our Guest: Cate Bakos, with a Chemistry degree from Monash University, transitioned from a successful career in sales and marketing with Orica to becoming an award-winning real estate professional. After purchasing her first property at 21, she moved into Melbourne’s Bayside property market, later founding Cate Bakos Property in 2014. Cate has guided over 2,000 clients through property purchases and strategies, leveraging her expertise in lending policy and cashflow analysis. A regular media commentator, Cate co-hosts “The Property Trio” podcast and authored “Successful Property Investment.” She served as REBAA President from 2019 to 2023 and continues to mentor young industry professionals. Connect with Cate Bakos: Website https://www.catebakos.com.au/ LinkedIn https://www.linkedin.com/in/catherinebakos/ Instagram https://www.instagram.com/cate_bakos_property/ 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

What’s the secret to overcoming the big ‘C’ in property buying? In this episode, we dive deep into the art of compromising when it comes to purchasing your first home. We unpack a recent survey by Bankwest, revealing that a whopping 78% of young aspiring homebuyers are willing to cut back on property features to secure a home. It’s a reality check that compromising is not just common; it’s essential. Whether it’s the location, property size, or specific features, something has to give. Throughout the discussion, we highlight the three P’s: Price, Property, and Position. Every homebuyer, regardless of budget, faces the challenge of deciding which of these P’s can flex. We explore generational differences in attitudes towards compromise, noting that while Gen Z and Millennials might be more flexible, Boomers tend to stand firm on their preferences. By the end of this episode, you’ll see that compromising doesn’t mean settling—it’s about making smart choices. Tune in to get actionable tips and a better understanding of how to balance your needs and wants. Episode Highlights: 00:00 - Introduction 02:02 - Meighan’s special house of the week 04:20 - The three P's of property buying 05:09 - Survey insights on compromises 08:15 - Compromises on Price 12:13 - Compromises on Property features/preferences 14:18 - Compromises by generation and the underlying factors 20:00 - Advice on managing compromises in home buying Resources mentioned in this episode: The Bank of Mum and Dad: Examining the Opportunities and Potential Pitfalls https://homebuyeracademy.com.au/podcasts/133 Young West Aussie home buyers willing to sacrifice life's little luxuries https://www.bankwest.com.au/about-us/media-centre/news/young-west-aussie-homebuyers-willing-to-sacrifice-lifes-little-luxuries 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

It's so easy to feel lost and overwhelmed at a property auction, especially when you're a first home buyer with no experience whatsoever. In today's episode, we provide you with practical advice and strategies through the lens of a real-life coaching session, answering critical questions such as determining your maximum bid when the agent doesn’t provide a price guide, and handling the auction process efficiently even when you can’t be there in person. Join us as we take you through the details of a real-life coaching call with one of our students gearing up for her very first auction. From discussing the merits of attending an auction online versus being physically present, to breaking down how to establish your price limit, this episode is packed with insights that will set you up to be successful at your very first property auction experience. Get ready to elevate your auction strategies with our expert guidance and real-life examples. Tune in now so you don’t miss out on a valuable opportunity to learn and grow as a bidder! Let’s get started. Episode Highlights: 00:00 - Introduction 02:54 - Is it better to attend an auction online or should you be physically present? 04:59 - What is your price limit going to be? 06:17 - Do you need to register or pre-register? 09:45 -  Best bidding strategies in auctions where the number of bidders is unknown 15:15 - Auction strategies when a property is slow 19:34 - Auction strategies for a property that is hot 23:04 - Understanding incremental bids and how they change 27:01 - The importance of making stronger bids to assert authority and understanding the risks 29:19 - Strategic bidding near the maximum budget during a property auction 38:55 - Dealing with the uncertainty of property auctions despite thorough research 42:39 - Determining what to pay for a property based on thorough research and valuation 45:32 - How does awareness affect buyers' auction strategies? 55:15 - Implications of conducting online auctions particularly in regional areas 59:40 - Dummy bidders 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

Finding a trustworthy and effective mortgage broker can be a daunting task, especially with the overwhelming number of options available. Picking the wrong mortgage broker could mean getting stuck with unfavorable loan terms, missing out on vital guidance, and facing a stressful home buying journey. This can significantly impact your financial stability and long-term goals as a homeowner. In this episode, we break down the five essential dos and don’ts for choosing the best mortgage broker. We cover everything from the crucial questions to ask, how to assess potential brokers, and the red flags to watch out for. Tune in now to arm yourself with the knowledge you need to find the perfect mortgage broker. Episode Highlights: 00:00 - Introduction 02:04 - Meighan’s special house of the week 05:28 - DO: Reach out before you think you’re ready 07:06 - DO: Request a meeting 08:08 - DO: Seek transparent communication 09:48 - DO: Be honest 13:04 - DO: Check references 15:47 - DON’T: Shop around for the cheapest interest rate 17:08 - DON’T: Lodge applications with more than one broker 18:08 - DON’T: Overlook fees 19:02 - DON’T: Neglect to ask questions 20:10 - DON’T: Fail to check for independence Resources mentioned in this episode: Meet our recommended mortgage brokers at Home Buyer Academy 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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

In today's episode, we talk about one home buyer's experience on her journey towards homeownership, marked by overcoming costly mistakes to achieve success. Meet Amanda, a determined individual whose path to owning a home was paved with challenges and valuable lessons. It's a story of resilience and growth, where Amanda's mindset evolved significantly along the way. Early on, Amanda encountered setbacks with her first property purchases, which got even tougher when she and her partner split up. However, through perseverance and guidance from Meighan & Veronica and Your First Home Buyer Guide, Amanda learned a lot and gained confidence in dealing with the real estate market. Listen in to find out how Amanda's careful research and patient approach paid off when she finally negotiated and bought her dream home. Her journey is all about bouncing back, learning from mistakes, and picking up tips for anyone looking to buy their own place. Join us as we share Amanda's learnings, imparting practical advice to others who are also aspiring to buy their first home. Episode Highlights: 00:00 - Introduction 02:50 - Amanda's initial interest in homeownership 04:19 - The mistakes Amanda made in her first property purchases 09:57 - What happened when Amanda and her partner decided to split 14:52 - Amanda’s turning point in her home buying journey 19:30 - How doing the Homebuyer Academy course helped Amanda gain confidence 20:31 - Amanda's research and strategy in finding the right property 22:08 - The importance of patience and being prepared to walk away 22:58 - Amanda's successful negotiation and purchase of the property 24:39 - The role of support and guidance in Amanda's home buying journey 25:59 - Amanda's reflection on her learning experience and advice for others 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 a house sight unseen is risky, and in this episode, we explore a home buying catastrophe that could have been easily avoided with some simple steps. Today, we discuss the story of a woman who moved back to her home state and bought a house without personally inspecting it. Relying on outdated photos and the assurances of an agent, she arrived to find her new home in a state of disrepair. From piles of rubbish to structural concerns, her experience serves as a cautionary tale about the importance of thorough due diligence in the home buying process. We break down the critical errors made during her buying process and offer practical advice on how to avoid such pitfalls. By highlighting the importance of independent video walkthroughs, pre-settlement inspections, and not solely relying on agents, we provide listeners with actionable steps to ensure they know exactly what they’re purchasing. Learn from this cautionary tale and equip yourself with the knowledge to avoid similar pitfalls. Listen now to gain valuable tips that will ensure your home buying process is smooth and worry-free. Episode Highlights: 00:00 - Introduction 02:26 - Meighan’s special house of the week 04:09 - The property catastrophe 09:20 - The importance of pre-settlement inspections 11:22 - Why buyers ought to be more proactive in real estate deals 14:33 - Options for purchasing property remotely when physical presence is not possible 14:43 - Option #1: Buyer’s agent 17:26 - Option #2: Real estate agent 19:44 - Option #3: Building inspector 20:50 - Option #4: Local mortgage broker 22:13 - Option #5: Go to another sales agent in the area 23:01 - Option #6: Property manager 26:15 - Bonus tip: The crux of understanding local culture in an unfamiliar area Resources mentioned in this episode: Warracknabeal home buyer finds home in filthy state after buying property online https://www.abc.net.au/news/2024-05-04/warracknabeal-home-buyer-home-filthy-buying-property-online/103776092 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 a tricky game, and making the wrong moves can lead to massive losses. From trusting the wrong advice to mishandling grants and skipping a solid long-term plan, these pitfalls can derail your dreams faster than you can say "sold." In this episode, we talk about the crucial steps you need to follow to steer clear of the top three million-dollar property mistakes. Join us as we dissect these common pitfalls and equip you with the knowledge to avoid them. From deciphering credible advice to understanding the complexities of grants and crafting a robust long-term plan, we provide practical strategies to safeguard your investments and ensure your property journey is a success. Tune in, take notes, and get ready to protect your investments and make your property dreams come true. Episode Highlights: 00:00 - Introduction 02:34 - Meighan’s special house of the week 03:23 - Mistake #1: Taking advice from the wrong people 11:56 - Mistake #2: Using grants without knowing the risk 17:04 - Mistake #3: Buying without a long-term view 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

Is it really possible to accidentally purchase a property? It sounds absurd, but the truth is, it can happen more easily than you think. Many buyers find themselves bound to property contracts unintentionally due to a lack of understanding of the legal nuances involved. In this episode, we are joined by Richie Muir — a renowned property law expert with extensive experience in the field. Richie is well-versed in the intricacies of property contracts and has helped countless buyers avoid costly mistakes. Today, we talk about the surprising ways you might unintentionally become contractually obligated to purchase a property and highlight the importance of understanding property laws, the conveyance process, and the critical steps you need to take to protect yourself. This episode is a must-listen for anyone looking to explore the property market with their eyes wide open and avoid the nightmare of an accidental property purchase. Tune in now to equip yourself with the knowledge you need to protect yourself. Episode Highlights: 00:00 - Introduction 02:16 - Meighan’s special house of the week 03:13 - Who is Richie Muir? 04:06 - Quick overview of the differences in property laws across the Australian states 06:00 - What is the conveyance process in home buying and what is Lawlab’s role in it? 09:23 - The most and least risky areas for buying property in Australia 12:49 - Why first home buyers should consider having legal representation from the start 17:29 - The importance of reviewing contracts and seeking legal advice before signing 21:34 - Understanding the risks of failing to complete an unconditional property contract 27:41 - What are the dangers of agents modifying contract conditions? 31:34 - What is the release of deposit clause in property contracts? 34:54 - Should first home buyers agree to a release of deposit clause without question? 35:54 - Are there ways a buyer could inadvertently buy a property without realising it? 37:53 - What is the problem with getting title insurance? 41:38 - Why it’s crucial to understand the hidden costs in buying a property About Our Guest: Richie Muir is an experienced and commercially astute lawyer specialising in property law. He is the Legal Director at Lawlab Pty Limited who leads Lawlab’s team of legal advisors and is the go-to problem solver for complex or unusual matters. Connect with Richie Muir: LinkedIn https://www.linkedin.com/in/richie-muir-a7301923/ Websitehttps://www.lawlab.com.au/refer/r7ylqvou 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

Young Australians are increasingly shunning expert financial advice, turning instead to family and friends for guidance. A recent report from Great Southern Bank revealed a surprising trend: family and friends are the top choice of younger Aussies for financial guidance. While this approach might save them money on consultation fees as it is indeed "free", the lack of comprehensive insight and expertise that professionals provide could lead to regrettable financial decisions. Are they sacrificing valuable insights and potentially better outcomes? In today's episode, we aim to address this problem by diving deep into this report's findings. We discuss the importance of professional financial advice and explore the role of financial literacy education in schools, emphasising the need to start financial planning early on. We also talk about the risks associated with informal advice and highlight the importance of setting good money habits from a young age. Join us as we unpack these findings and understand why professional financial advice is indispensable for young Australians. Episode Highlights: 00:00 - Introduction 02:15 - Meighan’s special house of  the week 03:07 - Report: Gen-Z and millennials favour family for financial advice over experts 04:37 - The importance of starting financial literacy education in schools 07:19 - Financial literacy begins at home but needs expert input 09:27 - Why is it important for millennials to start financial planning early? 12:41 - The risks of making financial decisions based on FOMO 13:58 - Concerns over the lack of regulation and qualifications required in property guidance 17:37 - Insights from a bank report: generational trends in property assistance 20:14 - Reasons why people often regret not researching property decisions more 25:11 - The importance of setting good money habits early in life Resources mentioned in this episode: Family and friends are Aussies’ top choice for clever financial tips https://www.greatsouthernbank.com.au/about/news/no-place-like-home-clever 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

Today, we address a situation that many first-time home buyers are often faced with: to bid at auctions or avoid them altogether. We talk about the challenges and fears associated with auctions and examine if avoiding them is truly the best choice. This episode aims to make the auction process easier to understand and share practical tips to help you make well-thought-out decisions. Auctions can be intimidating, they may seem simple in principle — as the highest bidder gets the property. But, in reality, it's quite complex and many potential buyers steer clear of them, opting instead for what feels like easier options. However, in areas where auctions dominate the real estate market, avoiding them might mean missing out on the best properties. So, what should you do if you're caught in this dilemma? Don't let uncertainty hold you back from exploring the opportunities auctions offer. Tune in now to equip yourself with the tools and confidence needed to seize the best deals in the market. Episode Highlights: 00:00 - Introduction 02:45 - Meighan’s special house of the week 06:23 - What are the two main methods of property sale? 07:33 - Why an owner or agent would choose to go down the path of having a public auction 10:18 - Importance of understanding the steps involved in accurately pricing property 13:56 - Why setting a limit as a buyer before going into an auction is vital 17:12 - Discussing the pros and cons of pre-auction offers 21:26 - Reasons why an agent would use pre-auction offers 24:06 - Understanding the types of bidders at auctions 26:41 - Why it’s essential to understand the different laws on property in every state/territory Resources mentioned in this episode: The Elephant in the Room Property Podcast Episode 1: Who is Really Making the Decisions When You Bid at Auction? https://www.theelephantintheroom.com.au/podcasts/1 FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse Your First Home Buyer Guide Podcast Episode 127: The Property Blueprint: Experts Decoding State Rules Across Australia (Part 1 - Auctions) https://homebuyeracademy.com.au/podcasts/127 Auction Ready: How to Buy Property at Auction Even Though You’re Scared S#!TLESS by Veronica Morgan https://gooddeeds.com.au/auction-ready/ 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 Resources: Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers 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 the pursuit of homeownership, the last thing any first home buyer wants to encounter is an unexpected financial hurdle. In this episode, we talk about how buying your first home can be really tricky and highlight the potential pitfalls that could trip you up along the way. Specifically, we explore a real-life story where a HECS debt nearly derailed a first home buyer's purchase, shedding light on the crucial lessons to be learned. Throughout the discussion, we bring up some of the common blunders such as relying heavily on a broker without fully understanding all the associated costs, feeling the pressure to buy due to outside influences, and underestimating the financial cushion needed for unexpected expenses. Our aim is to provide practical insights to help you steer clear of these pitfalls when it's your turn to enter the housing market. Don't let avoidable mistakes stand in the way of buying your first home—tune in to understand the importance of following the right process. Let’s dive in! Episode Highlights: 00:00 - Introduction 02:23 - Meighan’s special house of the week 04:36 - What is the headline of today’s disaster case study 13:19 - Mistake #1: Assuming that engaging a broker will streamline the home buying process 14:17 - Mistake #2: Not knowing the amount of money needed 15:45 - Mistake #3: A bad broker 17:51 - Mistake #4: Buyer did her research online but you still don’t know what you don’t know 20:54 - Mistake #5: Choosing to buy a property because of FOMO 24:51 - The dangers of not fully understanding the fees you have to pay when buying a property 27:27 - Where does the responsibility of the buyer start when buying a property Resources mentioned in this episode: Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers Your First Home Buyer Guide Episode #58: How This Family Could Have Avoided Losing Their Entire House Deposit https://homebuyeracademy.com.au/podcasts/058 Your First Home Buyer Guide Episode #62: Should First Home Buyers Buy Off the Plan? https://homebuyeracademy.com.au/podcasts/062 Your First Home Buyer Guide Episode #78: Sunset Clause: The Hidden Time Bomb https://homebuyeracademy.com.au/podcasts/078 Your First Home Buyer Guide Episode #82: Buyer Beware: First Home Becomes Costly Nightmare https://homebuyeracademy.com.au/podcasts/082 Your First Home Buyer Guide Episode #123: Demolition Disaster: Tips to Avoid a Rebuild Catastrophe https://homebuyeracademy.com.au/podcasts/123 Your First Home Buyer Guide Episode #126: What Essential Step Did These First Home Buyers Neglect? https://homebuyeracademy.com.au/podcasts/126 Gen Z’er reveals how her HECS debt almost shattered her real estate dreams https://bit.ly/4aiRm6W 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

This episode follows Heidi's journey, a first-time home buyer and a Home Buyer Academy graduate who shares the story of how she went from dreaming of owning a home to actually making it a reality. We discuss Heidi’s journey of saving money, learning about the home buying process, and searching for the perfect home. We dive into the challenges she faced and the decisions she had to make along the way (she even recounts the experience of how she almost bought the wrong property). Through Heidi’s story, we aim to provide practical advice and insights for others who are considering buying their first home. Join us as we follow her inspiring journey from dreamer to homeowner. If you’re thinking about buying a home or probably know someone who does, this episode has something for you. So let’s dive in and get started! Episode Highlights: 00:00 - Introduction 02:57 - When did Heidi decide that she wanted to buy a property 03:55 - How long did it take Heidi to save up enough money to buy a property 07:01 - When did Heidi start learning about how to buy a property 08:41 - Why did Heidi’s criteria for property selection evolve? 12:39 - How Heidi's perception of properties changed from online to in-person 16:49 - What got Heidi to the point of saying “this is the one” 17:28 - How Heidi almost bought the wrong house 20:51 - How Heidi balanced her preferences and concerns during the decision-making 26:10 - What process did Heidi use to buy the property: Private treaty or auction? 29:08 - How long did the decision-making process take before finalising the purchase 31:10 - How Heidi feels now that she has a mortgage 32:45 - Heidi’s plans of moving in 33:52 - Heidi’s advice for those who are still hesitating about doing the first home buyer guide 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

A lot of first home buyers dive into the property market without adequate preparation, which makes the home buying process confusing and stressful. Today, we tackle common issues and challenges faced by many first home buyers and break down four essential steps you need to take before diving into your home search. Without these four tips, buyers risk overspending or facing unexpected obstacles. Additionally, overlooking these steps can result in dissatisfaction with the chosen property. So if you're thinking about buying your own home, tune in to this episode! These tips will help you fine tune your approach and be more confident in the decisions you will be making to find the perfect place to call home. Episode Highlights: 00:00 - Introduction 02:25 - Meighan’s special house of the week 05:38 - Tip #1: Have the right support crew around you 10:09 - Tip #2: Invest in your financial fitness 13:38 - Tip #3: Have good, hard conversations with yourself 18:25 - Tip #4: Have a checklist and know where you can compromise Resources mentioned in this episode: A Quick Guide To The 10 Essential Steps For First Home Buyers https://homebuyeracademy.com.au/a-quick-guide-to-pace Where to Buy Tutorial https://homebuyeracademy.com.au/workshop 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

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