Your First Home Buyer Guide Podcast: Recent Episodes
Veronica Morgan & Meighan Wells
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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/
- Website https://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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
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
See omnystudio.com/listener for privacy information.
As we often stress in previous podcast episodes, we do recognise the challenges and importance of acquiring your first home. So today, we're here to answer your questions and address common challenges that first home buyers face when deciding where to plant their roots. We explore factors like budget, proximity to essential amenities, future growth prospects, and more.
Our aim is to provide you with the knowledge you need to make the best decision for your unique needs and preferences. So, whether you're a first-time home buyer who's just started your search or someone further along in the process, this episode is packed with valuable information to guide you towards making the right location choices.
Making the right location choices is not just about finding out where to buy your first home; it's more about finding your future community, so join us!
Episode Highlights:
00:00 - Introduction
02:05 - Meighan’s special house of the week
03:51 - Apartment, townhouse, or house: Which is right for me on the Gold Coast?
08:54 - What are my options in Sydney's property market with a limited budget?
15:12 - Finding suitable housing with limited borrowing capacity and a healthy deposit
20:16 - Where to live: Blue Mountains for work or Sydney for a social hub?
24:30 - What are our options in buying an investment property from abroad?
29:51 - How to choose a first home buyer's agent I can trust?
Resources mentioned in this episode:
- Where to buy Tutorial: https://homebuyeracademy.com.au/workshop
- Get the comprehensive Kickstart Bundle with three tutorials to get you started: https://homebuyeracademy.com.au/tutorials
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/\
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
In today's episode, we're drilling down into the fine art of dealing with real estate agents. See, when you're in the market for your very first home, it's not just about uncovering the perfect property; it's about equipping yourself with the right questions to ask real estate agents. And trust us, it's a make-or-break situation. The intel you extract from them can be a game-changer, influencing not only your decision-making but also your ability to score a favorable deal.
We won't just scratch the surface with the "asking price" and "motivation to sell." We dive deep into the nitty-gritties, like a property's history, market insights, and a few other questions that could potentially shield you from future headaches, or give you the upper hand.
Consider this episode as your comprehensive guide to dealing with agents so that you make wise choices especially when it comes to your first property purchase. Hit that play button now, so you know the precise questions to ask real estate agents and be able to clinch that dream property!
Episode Highlights:
00:00 - Introduction
02:08 - Meighan’s special house of the week
05:13 - What is the price guide?
07:46 - What is the sales history?
10:28 - Have there been any offers?
12:05 - Are you or the owner aware of any issues?
14:15 - BONUS QUESTION
15:29 - Are there any unapproved additions?
18:39 - Can you tell me about the neighborhood?
22:35 - What is your sales process?
27:06 - Have the owners already purchased?
28:30 - What is the owner’s ideal settlement period?
Resources mentioned in this episode:
- How to Price a Property Like a Professional https://homebuyeracademy.com.au/free_mini_course_opt_in
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
In an increasingly challenging property market, the dream of owning your first home may seem like a distant goal. But, don't lose hope! In this episode, we'll show you why giving up as a first home buyer in Australia is not the solution.
The ANZ Corelogic Affordability Housing Report paints a challenging picture for first-time home buyers. But in this episode, we break down these challenges and give you practical advice on how to overcome them.
Join us as we explore the 5 reasons not to give up as a first home buyer. We believe that with the right information, determination, and a little inspiration, you can conquer these challenges and achieve your dreams of owning a home in today's property market.
So, don't throw in the towel just yet. Tune in and let us help you get the motivation and knowledge you need to take those crucial first steps toward your first home!
Episode Highlights:
00:00 - Introduction
02:11 - Meighan’s special house of the week
03:40 - Challenge #1: The time it takes to save a deposit
05:31 - Solutions for first home buyers saving for a deposit
12:36 - Challenge #2: The rising cost of living
14:33 - How to address the challenges of the current rising cost of living
17:24 - Challenge #3: Servicing the debt
19:13 - Solutions for overcoming the challenge of servicing the debt
26:05 - Challenge #4: More listings don’t necessarily mean cheaper prices
27:44 - Adapting to the dilemma of increased listings and stable prices
30:16 - Challenge #5: The fear of expanding mortgage debt
30:58 - Dispelling the fear of expanding mortgage debt
Resources mentioned in this episode:
- The ANZ Corelogic Housing Affordability Report 2023 https://news.anz.com/posts/2023/05/anz-news-corelogic-housing-affordability-report-2023
- Episode 141: Why Lender’s Mortgage Insurance Isn’t Always a Bad Choice https://homebuyeracademy.com.au/podcasts/141
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
In the quest to secure their first homes, Australian first home buyers often encounter the tempting option of purchasing off-plan properties, especially apartments. These properties can offer enticing incentives, but are they worth the risk?
In this episode, we explore 10 reasons why off-plan properties are so high-risk for Australian first home buyers. We talk about the pressing issues surrounding off-plan apartments in Australia's real estate market. From potential delays and quality concerns to the uncertainties of the property's final value upon completion. This episode will serve as your guide if you're one of those first home buyers who wish to just settle for an off-plan property.
Tune in now to get the lowdown on off-plan homes and make the right first step towards buying your first property.
Episode Highlights:
00:00 - Introduction
02:23 - Reason #1: You can lose money
05:30 - Reason #2: Settlement rates
07:59 - Reason #3: Are you getting what you’re paying for?
10:06 - Reason #4: Having a false sense of security
13:15 - Reason #5: How many buildings have defects?
14:47 - Reason #6: Water problems
16:14 - Reason #7: The hidden risk of fire
19:12 - Reason #8: Defective materials
21:29 - Reason #9: Your physical and psychological well being
23:30 - Reason #10: Going to court
28:45 - Bonus: When you don’t buy off-plan, you can work out the price of a property
Resources mentioned in this episode:
- FREE Mini Course: How to price a property like a professional https://homebuyeracademy.com.au/freecourse
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast - support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
What if we told you that one of the most common pieces of advice out there, "Every Property Doubles in Value Every 10 Years," might not be what you think it appears to be?
In today's installment of our Bad Advice Series, we delve deep into the notion that property values double every decade. It's an enticing prospect, and you may have even come across statistics that seem to support this claim. However, as with everything, the devil truly is in the details.
We explore the factors that can make or break this rule, from location and market trends to economic fluctuations and property type. We'll help you understand why blindly following this advice can lead to costly mistakes and why a tailored approach is essential for your specific circumstances.
Get ready to shatter the illusion that buying a property is a guaranteed ticket to wealth.
Episode Highlights:
00:00 - Introduction
02:11 - Meighan’s special house of the week
03:55 - Examination of historical data and statistics
06:41 - Truth or myth: Housing values to double in 10 years
11:05 - Growth rate of capital cities vs regional areas of Australia in the past 30 years
15:56 - Most regions have seen house values rise more than unit values after the past 30 years
20:13 - NONE of the capital cities recorded a doubling in dwelling values over the past 10 years
Resources mentioned in this episode:
- The long game … 30 years of housing values https://www.corelogic.com.au/news-research/news/2022/the-long-game-30-years-of-housing-values
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast - support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
In today's installment of our bad advice series, we delve into a piece of guidance that's often thrown around in the world of home buying: "Keep your cards close to your chest, don't tell the agent anything." It's the kind of advice that seems wise on the surface, but is it truly beneficial for first-time home buyers in Australia?
Join us as we break down the misconceptions surrounding this advice and explore the nuances and why following it blindly can lead to unexpected challenges in your home-buying journey. While it might sound like a prudent approach to negotiation, our experts will shed light on how transparency with the agent can actually work in your favour.
Tune in now to discover why "Don't Tell the Agent Anything" might not be the golden rule you thought it was and how to navigate this crucial aspect of your home-buying journey.
Episode Highlights:
00:00 - Introduction
02:09 - Meighan’s special house of the week
03:40 - Should you be talking to your agent about your budget?
08:14 - These are areas you don’t need to disclose to your agent
10:23 - The importance of creating an emotional connection with your agent first
12:09 - Don’t put yourself in a position where the agent is able to apply pressure on you
14:29 - When “don’t tell the agent anything” can be treated as bad advice
18:56 - The type of buyer that agents typically hate
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
We get it; the journey to owning your first home can be an overwhelming and daunting experience. But before you heed the clichéd advice of "It doesn't matter what you buy, just get on the property ladder," tune in to this as we reveal why this well-intentioned counsel might be one of the worst pieces of property advice you could receive.
In this installment of our Bad Advice Series, we delve deep into the concept of rushing onto the property ladder at all costs. While it might seem like a universally accepted mantra, we'll break down the myths and misconceptions surrounding this approach.
Don't fall into the trap of panicking to get on the property ladder. Instead, arm yourself with the wisdom shared in this episode, and embark on your journey towards homeownership with confidence and clarity.
Episode Highlights:
00:00 - Introduction
02:04 - Meighan’s special house of the week
06:43 - Reason #1: Why buying anything to get on the property ladder is bad advice?
10:13 - Reason #2: Why buying anything to get on the property ladder is bad advice?
12:02 - What happens when you rush to get on the property ladder
15:56 - Huge mistakes one can make just by getting on the property ladder
21:42 - Why first home buyers also need to consider established properties cautiously
28:39 - The advice to get onto the property ladder is not entirely wrong but…
Resources mentioned in this episode:
- Your First Home Buyer Guide Podcast Episode 141: Why Lender’s Mortgage Insurance Isn’t Always a Bad Choice https://homebuyeracademy.com.au/podcasts/141
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Are you a first home buyer in Australia? If so, you've probably heard the mantra: "Save up 20% for a deposit to avoid the dreaded lender's mortgage insurance." But here's the thing – lender's mortgage insurance, or LMI, might not be the enemy it's made out to be.
Contrary to popular belief, LMI isn't a dirty term. Join us as we sit down with Strachan Taylor, a respected expert from Helia, to explore the lesser-known side of LMI that could actually expand your horizons when it comes to purchasing your dream home.
It's easy to be skeptical about paying more money for insurance that seemingly doesn't directly benefit you. However, as we unravel the layers of LMI, you'll discover how it can be a strategic tool rather than an unnecessary burden.
Join us for an insightful conversation that might just change the way you think about lender's mortgage insurance. Your path to homeownership doesn't have to be limited – it could be more accessible than you ever imagined.
Episode Highlights:
00:00 - Introduction
02:33 - Meighan’s special house of the week
03:48 - What is LMI (Lender’s Mortgage Insurance)?
08:18 - What role does LMI play in rapidly rising property markets?
10:23 - How has the role of lenders and mortgage insurance providers changed?
12:58 - What is the cost of the lender’s mortgage insurance?
14:33 - 3 alternative options for first home buyers to enter the market with less than 20%
17:26 - What is the cost of LMI for a $900,000 property with a 5% deposit?
21:20 - Why is a long-term perspective required when entering the property market?
24:24 - The importance of surrounding yourself with property experts
28:46 - Capital growth vs equity
31:21 - Advice for first time buyers looking to buy a property
38:02 - What Strachan wishes he knew as a first home buyer
About Our Guest:
Strachan Taylor serves as Helia's Strategic Partnership Leader, where he spearheads a dynamic partnership team dedicated to collaborating closely with lender customers in pursuit of helping more Australians achieve financial security through home ownership, expedited by LMI solutions. With a comprehensive skill set encompassing team leadership, communication, and business development, Strachan brings tertiary-level qualifications and extensive expertise in sales, marketing, distribution, and risk management to the helm, constantly striving to enhance risk and capital management solutions and provide valuable market insights for Helia's customers to bolster their risk-writing capabilities.
Connect with Strachan Taylor:
- Visit their company website: https://helia.com.au/
- Follow Strachan on LinkedIn: https://www.linkedin.com/in/strachantaylor/
Resources mentioned in this episode:
- Deposit Comparison Estimator https://helia.com.au/the-hub/calculators-estimators/deposit-comparison-estimator
- The long game … 30 years of housing values https://bit.ly/3ReJBJt
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Are property spruikers exploiting first home buyers' dreams? In a market saturated with alluring promises, some argue that property spruikers are taking advantage of the aspirations of first home buyers. Is it ethical to dangle the prospect of homeownership without providing a comprehensive understanding of the risks involved?
You've probably scrolled through your social media feeds and undoubtedly come across those enticing ads promising homeownership for the price of a weekly cup of coffee. The allure of massive growth areas and promises of making thousands a week can be captivating, but it's crucial to navigate this landscape with caution. As a first home buyer, you're entering a significant financial commitment, and separating the genuine opportunities from the dubious ones is paramount.
In this episode, we're your guides in understanding the world of property spruikers. We'll equip you with the tools to distinguish the legitimate property advisors from those who are just out to make a quick buck. Through insightful discussions and real-life examples, we'll uncover the red flags to look out for. From aggressive sales tactics to unrealistic guarantees, we'll empower you to spot these warning signs a mile away.
Take control of your home buying journey, don't fall for the traps – arm yourself with information and make a step towards securing your future home wisely. Stay tuned!
Episode Highlights:
00:00 - Introduction
02:13 - Meighan’s special house of the week
03:37 - What is a property spruiker?
06:00 - How property spruikers lie about statistics
11:43 - Common warning signs that could indicate you’re dealing with a property spruiker
17:18 - Meighan and Veronica recount their experiences in dealing with property spruikers
29:38 - How can you protect yourself from property spruikers?
34:11 - Are there legal measures in place to protect investors from property spruikers?
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Today, we're diving into Home Buyer Academy's very own "13 Key Property Principles." These principles are like the North Star for property buyers, coming from our extensive experience in the property field. We're here to break them down and make them accessible in this value-packed episode.
You might've heard us mention these principles before, but today we're putting them all together. These principles are basically the tried-and-true lessons we've learned over years of helping people buy homes. We know how intimidating it can be to enter the property market for the first time, and these principles are here to give you a solid foundation.
Join us as we go through these principles with real examples to make things clearer. Disclaimer: These aren't hard and fast rules, but they're insights that have helped countless first home buyers in Australia.
Tune in and start your property journey by buying smart!
Episode Highlights:
00:00 - Introduction
02:19 - Principle #1: Real estate agents DO NOT represent you
03:27 - Principle #2: Be cautious about whose side your advisor is on
05:26 - Principle #3: Government grants are NOT actually out to help first homebuyers
07:32 - Principle #4: If it’s easy to buy, it’s difficult to sell
09:29 - Principle #5: In rushing to take advantage of first homebuyer incentives, you buy the WRONG property
12:27 - Principle #6: The concept of compromise in different stages of life
16:46 - Principle #7: Capital growth MATTERS
20:03 - Principle #8: If you can’t fix an issue, it will ALWAYS be an issue
23:49 - Principle #9: The BONES of a property are key
28:33 - Principle #10: The following factors have a really BIG IMPACT on price
30:35 - Principle #11: Don’t just focus on your immediate neighbors
32:08 - Principle #12: Don’t let the process of negotiation impact your decision
37:07 - Principle #13: What’s a very limiting way of choosing location?
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Property TV shows have become a staple for anyone daydreaming about their future home. But the reality is, what you see on the screen is often a curated narrative that doesn't always mirror the real-life home buying process. As first home buyers, it's crucial to understand the difference between TV magic and the true journey of homeownership.
In today's episode, we're lifting the curtain to reveal the truths and secrets of property TV shows, exploring how they relate to the experiences of first home buyers. From bidding wars to instant renovations, we provide tips on how to watch these shows with a discerning eye, while staying grounded in the practicalities of your own home buying process.
Tune in as we go behind the scenes of property TV shows and uncover the truths, myths, and lessons they offer for first home buyers in Australia. Remember, your journey is unique, and while property TV can be entertaining, your dream home is waiting to be discovered through careful consideration and the expert guidance of professionals in the real estate industry.
Episode Highlights:
00:00 - Introduction
02:18 - What is the show Location, Location, Location all about?
03:06 - Veronica recounts her experience as the previous host of Location, Location, Location Australia
06:07 - The difference between reality and entertainment as observed in the new series
09:10 - Property TV is NOT real education
11:52 - Why Veronica and Bryce decided to do a different approach on the show
16:27 - Why Veronica doesn’t watch property TV shows anymore
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
In this digital age, information is right at the tip of our fingertips, and a quick Google search can provide you with a wealth of knowledge. But with the abundance of information comes the challenge of separating the wheat from the chaff. Anyone can claim to be an expert, and sifting through the vast sea of knowledge can be overwhelming, especially for first home buyers in Australia.
In today’s episode, we delve into the pros and cons of both free and paid property courses. Can you truly rely on free courses to give you tried and true methods that will help you in successfully purchasing your first property? Or is it true that paid courses provide you with a more structured and comprehensive approach, that allow you to navigate the intricacies of the property market with expert insights?
While you may be thinking there's probably a catch to this ‘cause we are offering a course ourselves, don't let that deter you. We believe in transparency and want to objectively analyse the key differences between free and paid property courses to help you make the right decisions.
We aim to empower you with the knowledge you need on your property journey, so tune in now!
Episode Highlights:
00:00 - Introduction
02:19 - Why we are talking about free courses vs paid courses
03:31 - What is the problem with free courses and free information?
08:47 - The dangers of an AI being the author of these free courses
12:39 - How to turn off the noise around you and focus on what you need
14:06 - The most common trap Australians fall into when it comes to buying property
16:33 - The PACE system for first home buyers
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Recently, we received a thought-provoking question from one of our listeners addressing a common concern among first home buyers: How do you distinguish reliable information from misleading advice to confidently shortlist and select your ideal property?
Tackling information overload is no easy task, especially for first home buyers with limited experience in the property market. So, we'd like to share our insights on navigating this challenging landscape in order for you to be able to assess and weigh in on the risks effectively.
Don't let the overwhelming amount of information steer you off course in your quest for the perfect first home.
Tune in and get ready to unlock the door to your future home sweet home!
Episode Highlights:
00:00 - Introduction
03:30 - How to filter out bad information and feel confident in property decisions?
04:57 - Why location is not the only factor to consider when looking for a property
05:37 - Why cherry-picking property advice can be risky for buyers
06:33 - Identifying legitimate concerns in a strata report as a buyer
08:03 - What's the next step after discovering the strata issues?
11:12 - The importance of a knowledgeable solicitor and a competent mortgage broker
13:44 - Assembling the right support team for property transactions
19:07 - Risks and benefits of purchasing in a suburb undergoing significant redevelopment
21:37 - What are the dangers of overlooking due diligence?
Resources mentioned in this episode:
- Episode 47: 4 Steps to Take for a Successful Strata Records Inspection https://homebuyeracademy.com.au/podcasts/047
- Episode 56: Proper Due Diligence for Buying Strata Properties with Nicole Johnston https://homebuyeracademy.com.au/podcasts/056
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
We all know the struggle of finding a suitable home within our preferred areas, especially when prices continue to rise in many parts of the country. But how do you look beyond the confines of your hometown for alternative places to buy? What are the factors you need to consider?
Today's episode is fueled by a question from one of our students during a weekly campfire session, and it's a topic that resonates with many of us - "How do we work out where to start looking?" Learn how to identify emerging areas with potential for growth and development, where your hard-earned money can go further without sacrificing on the quality of life.
As a first home buyer, it's crucial to be well-informed and open to considering new possibilities. We'll discuss the factors you should take into account when exploring alternative locations, such as infrastructure, job opportunities, lifestyle amenities, and community vibes.
Discover the untapped potential in the broader Australian property market. Let this episode be your compass on your journey towards finding the perfect place to call your own.
Episode Highlights:
00:00 - Introduction
02:32 - Meighan’s special house of the week
04:23 - The 3P strategy
04:41 - Let’s talk about Pricing
06:08 - Let’s talk about Property
08:12 - Main things to look for when house-hunting in different suburbs
10:56 - Different approaches to exploring living options across the country
18:18 - Look at the sold properties in some of those areas
19:12 - Additional tips for getting ideas on what to look out for in some areas
Resources mentioned in this episode:
- Kickstart Tutorial Package https://homebuyeracademy.com.au/tutorials
- Stepping Stone Strategy Tutorial Workshop: https://homebuyeracademy.com.au/ssw
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Curious about the intricacies of the real estate market as a first home buyer in Australia? Need expert guidance on purchasing your first home? Join us in today's episode as we address some of the most common inquiries shared by first home buyers like yourself.
We begin by examining the appeal of first home buyer schemes, followed by unravelling the complexities of disclosing budget information to real estate agents. Additionally, we provide answers to questions about maximising the benefits of working with your mortgage broker.
But that's not all – we also delve into the topic of property valuation and discuss the key factors to consider in accurately determining a property's value.
Last but certainly not least, we tackle the common challenge of over analysing – an obstacle that often plagues first home buyers. Discover how to strike a harmonious balance between thorough research and trusting your instincts, empowering you to confidently progress towards your homeownership goals.
Regardless of your location in Australia, this episode offers tailored insights to meet your specific needs. So tune in and equip yourself with the knowledge to navigate your path to homeownership with clarity and confidence.
Episode Highlights:
00:00 - Introduction
02:49 - What challenges do first home buyers face when it comes to home buyer schemes?
08:18 - What is the best approach to take when asked about my budget by a real estate agent?
12:49 - How to get the most out of your mortgage broker
17:01 - How to make the most accurate offers on properties
26:50 - What are the risks of overanalysis in making property decisions?
Resources mentioned in this episode:
- Your First Home Buyer Guide Episode 6: The True Cost of First Home Buyer Grants https://homebuyeracademy.com.au/podcasts/006
- Your First Home Buyer Guide Episode 72: Crazy Things Buyers Do When Making Offers https://homebuyeracademy.com.au/podcasts/072
- Your First Home Buyer Guide Episode 118: How Mortgage Brokers Help First Home Buyers Navigate the Property Market https://homebuyeracademy.com.au/podcasts/118
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
How does parental assistance impact the affordability and accessibility of housing for first-time buyers? Do alternative financing options offered by parents create an imbalance in the housing market? As the fifth biggest lender in Australia, the bank of mum and dad has become a viable option for financing, particularly for first home buyers.
We take a closer look at this option with the guidance of our expert guest, Jenny Fagg — CEO and co-founder of 2Be. Jenny, who we are honoured to be here with today, provides valuable insights into the various financing options available to first home buyers and offers a balanced perspective on the potential advantages and considerations of parental assistance.
Understand the complexities behind how parental support can influence your home-buying journey as we delve into its effects on affordability and accessibility. We explore the ways in which financial help from parents can help overcome rising property prices and stringent lending criteria. At the same time, we discuss the potential implications of alternative financing options, such as an imbalance in the housing market.
If you're a first home buyer eager to understand how your parents can help you achieve your homeownership dreams, this episode is a must-listen. Gain a comprehensive understanding of how parental support can influence your home-buying journey and explore the potential benefits and challenges associated with it.
Episode Highlights:
00:00 - Welcome
02:47 - What is 2Be?
04:18 - Is it only the really wealthy who can get help from the bank of mum and dad?
06:35 - Borrowing against investment properties
10:45 - Explaining a reverse mortgage and the repayment options for the bank of mum and dad
14:54 - Paying back the parents – what are the terms?
20:04 - The opportunity cost of not getting into the market earlier
24:44 - Six tips for understanding the risks of parents lending to their children
36:43 - What if something unforeseen happens to the parents and they have to sell?
42:54 - Maximum proportion of the value that Jenny would offer access to out of the program
45:21 - What Jenny wishes she knew as a first home buyer
About Jenny Fagg:
Jenny Fagg is one of the founders of 2Be Finance Pty Ltd, a financing company that offers home equity loans for over 55s. Prior to this, Jenny served as CEO and Managing Director of ANZ National Bank Limited. She holds a PhD in Management (Risk) and a Bachelor of Economics (First Class Honours in Organisational Psychology).
Connect with Jenny Fagg:
- Follow Jenny on LinkedIn: https://www.linkedin.com/in/jenny-fagg-74521951
- Visit their website: https://www.2be.com.au/
Resources mentioned in this episode:
- Make the best bank of mum and dad decision: https://www.2be.com.au/education-documents
- Setting up the Bank of Mum and Dad to Success: https://www.2be.com.au/bank-of-mum-dad/setting-up-the-bank-of-mum-and-dad-for-success
- Financial Firepower Calculator https://www.2be.com.au/calculators/financial-firepower-form
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Are you prepared for the hidden threat lurking beneath the surface of your first ever home purchase? Brace yourself for an eye-opening discussion on the implications of negative equity on you and your homeownership.
Now, you might be wondering, “what is negative equity?”
Negative equity isn't just a fancy term—it's a situation that can disrupt your plans and cause financial stress. If you're a first-time homebuyer, negative equity can be especially worrisome, as it affects your ability to build equity and achieve financial stability.
Imagine this: you just bought your dream home, and suddenly the value of the house starts going down, putting you in a situation where you owe more on your mortgage than what the home is actually worth.
That's negative equity, and it can be a real nightmare.
But don’t fret!
In this episode, we break down negative equity in simple terms, explaining its consequences and providing practical tips to avoid or mitigate its risks. Don't let negative equity catch you off guard! Tune in and take control of your financial future by safeguarding your home investment.
Episode Highlights:
00:00 - Introduction
02:35 - Meighan’s special house of the week
03:20 - What is negative equity?
08:12 - The best advice for riding through downturns in the property market
12:36 - How can deposit guarantees impact property value and buyer risk?
15:10 - What is a mortgage prisoner?
20:00 - Good asset selection is the best way to manage risk
23:11 - The importance of choosing the right property
25:37 - What are some key strategies for building a financial cushion?
30:10 - Why you shouldn’t be scared of the banks
Resources mentioned in this episode:
- First home buyers most at risk of negative equity, especially if they bought with low deposits in 2022 https://ab.co/3NCq1TX
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Welcome to the final episode of our state based expert series! Throughout this journey, we've had the privilege of probing the minds of Australia's foremost buyer's agents, gaining invaluable insights along the way. As we wrap up, we focus our attention on a pivotal aspect: the significance of local expertise.
Join us in this episode as we explore the compelling benefits and undeniable reasons behind the necessity of developing local expertise when it comes to property acquisition. Whether you're a hands-on buyer or rely on the expertise of a buyer's agent, understanding the vital role of local knowledge is crucial.
With the recent surge of borderless buyer's agents, it is imperative to grasp the stark contrast between desk-based research and the unparalleled advantages of on-the-ground experience. We talk about the intricate nuances that can only be deciphered by those who possess an intimate understanding of a specific locale.
Gain a deeper understanding of the nuanced factors that shape property values, market trends, and investment opportunities, allowing you to make decisions that will yield substantial returns. Transform the way you approach home buying by tuning in!
Episode Highlights:
00:00 - Introduction
02:52 - Introduction of property experts from all across Australia
4:40 - What are some of the mistakes made by property buyers when buying interstate?
15:16 - Each expert states what they wish they knew as a first home buyer
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
See omnystudio.com/listener for privacy information.
Strata properties hold incredible potential for first home buyers, but unlocking that potential requires a solid understanding of the game. Join us in week four of our state-based expert series, where we bring you a comprehensive exploration of the ins and outs of strata, shining a light on the critical nuances that can make all the difference in your real estate ventures.
Throughout this enlightening episode, we unveil the distinct characteristics that set strata properties apart from freehold properties, shedding light on the potential opportunities and challenges they present. Prepare to gain invaluable insights from esteemed experts who will demystify the legal frameworks and obligations that govern strata living.
Whether you're a seasoned real estate professional or simply curious about the legal aspects of strata, this podcast provides the knowledge and insights necessary to excel in the intricate world of strata properties. Tune in as we tackle the complexities, empowering you to make informed decisions and thrive in the realm of real estate law.
Episode Highlights:
00:00 - Introduction
02:43 - Introduction of property experts from all across Australia
04:32 - What’s the difference between buying a strata property and a freehold property?
11:09 - Is it true that houses always outperform units?
15:44 - What are the biggest risks buyers need to be aware of when hunting strata property?
Connect with our Property Experts from all Across Australia:
- Katherine Skinner
- LinkedIn: https://www.linkedin.com/in/katherine-skinner-1b49a149/
-
Website: https://adelaide.nationalpropertybuyers.com.au/
-
Samantha Spilsbury
- LinkedIn: https://www.linkedin.com/in/sam-spilsbury-946321b5/
-
Website: https://buyersagentstasmania.com.au/
-
Jarrod McCabe
- LinkedIn: https://www.linkedin.com/in/jarrod-mccabe-81333034/
-
Website: https://wakelin.com.au/
-
Ben Lamers
- LinkedIn: https://www.linkedin.com/in/ben-lamers-16772a52/
- Website: https://acumentis.com.au/
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Welcome to the third part of our series together with our state-based experts where we bring you valuable insights about the differences and similarities of property rules across Australia!
This week, we dive into the intriguing world of vendor disclosure—a crucial piece of information that home buyers, especially first-timers, need to know to avoid making massive mistakes in their home purchases.
In this eye-opening episode, we explore the vital information that sellers and agents are obligated to share with you as a buyer in each state, highlighting potential pitfalls you must stay away from. Get ready, as this particular episode is where we gained the most knowledge, given that each state has its unique set of rules when it comes to vendor disclosure.
If you’re considering buying a property in Australia, this episode provides valuable guidance that applies to all first home buyers. Tune in now and gain the knowledge you need to avoid costly mistakes in securing the home of your dreams.
Episode Highlights:
00:00 - Introduction
02:59 - Introduction of property experts from all across Australia
04:47 - What information must a vendor disclose in your state?
11:44 - Does that level of disclosure in each state seem like enough?
14:50 - How hard is it for the average buyer to get this additional information?
19:58 - What would each property expert like to see as mandatory in vendor disclosures?
Connect with our Property Experts from all Across Australia:
- Katherine Skinner
- LinkedIn: https://www.linkedin.com/in/katherine-skinner-1b49a149/
-
Website: https://adelaide.nationalpropertybuyers.com.au/
-
Samantha Spilsbury
- LinkedIn: https://www.linkedin.com/in/sam-spilsbury-946321b5/
-
Website: https://buyersagentstasmania.com.au/
-
Jarrod McCabe
- LinkedIn: https://www.linkedin.com/in/jarrod-mccabe-81333034/
-
Website: https://wakelin.com.au/
-
Ben Lamers
- LinkedIn: https://www.linkedin.com/in/ben-lamers-16772a52/
- Website: https://acumentis.com.au/
Resources:
- FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omny.fm/listener for privacy information.
Welcome to the second installment of our five-part series, where we delve into the intricacies of property regulations across Australia.
As you all know, in this five-part series, we are joined by six esteemed experts from different regions of the country who shed light on the nuances and similarities of property regulations in New South Wales, Queensland, South Australia, Tasmania, Victoria, and Western Australia.
Today, our panel of experts will shed light on how private treaty offers are handled in each state, highlighting the key differences and similarities. By understanding these variations, both buyers and sellers can navigate the property market with greater confidence and knowledge.
Join us for this informative discussion as our experts continue to unravel the complexities of property regulations across Australia. Together, we will explore the essential aspects that shape private treaty transactions in each jurisdiction.
Stay tuned for our upcoming episodes, but for now, let's get into it!
Episode Highlights:
00:00 - Introduction
02:46 - Introduction of property experts from all across Australia
04:34 - Can you make conditional offers in your state?
06:36 - What conditions are typically used in each state?
11:15 - What are some of the weirdest conditions each agent has used or heard in their state?
15:34 - Cooling off period for buyers in each state
19:09 - Penalties in each state for when buyers terminate during the cooling period
21:47 - When is an offer binding in your state?
25:57 - Can buyers get gazumped in your state?
Connect with our Property Experts from all Across Australia:
- Katherine Skinner
- LinkedIn: https://www.linkedin.com/in/katherine-skinner-1b49a149/
-
Website: https://adelaide.nationalpropertybuyers.com.au/
-
Samantha Spilsbury
- LinkedIn: https://www.linkedin.com/in/sam-spilsbury-946321b5/
-
Website: https://buyersagentstasmania.com.au/
-
Jarrod McCabe
- LinkedIn: https://www.linkedin.com/in/jarrod-mccabe-81333034/
-
Website: https://www.wakelin.com.au/
-
Ben Lamers
- LinkedIn: https://www.linkedin.com/in/ben-lamers-16772a52/
- Website: https://acumentis.com.au/
Resources:
- Episode 127: The Property Blueprint: Experts Decoding State Rules Across Australia (Part 2 - Making Offers) https://homebuyeracademy.com.au/podcasts/127
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at:
-
Your First Home Buyer Guide Podcast - support@homebuyeracademy.com.au
-
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
In this 5-part series of experts decoding state rules on property across Australia, we've invited six distinguished experts to join us on the podcast hailing from various corners of the country. They shed light on the nuances and similarities of property regulations in New South Wales (NSW), Queensland (QLD), South Australia (SA), Tasmania (TAS), Victoria (VIC), and Western Australia (WA).
Are you prepared to decipher the language of bidding, outmaneuver your competitors, and secure your dream home? Today’s episode will equip you with the knowledge and understanding you need to navigate the twists and turns of Australia's property auction maze.
From the fast-paced auctions of New South Wales to the unique characteristics of Queensland's bidding culture, we leave no stone unturned. Discover the secrets behind successful bidding strategies in South Australia, uncover Tasmania's distinctive auction landscape, explore Victoria's auction regulations, and delve into the specifics of Western Australia's property auctions.
For all the budding first home buyers out there, gain the knowledge you need to decipher the code of property auctions across Australia. Tune in and embark on a journey that will demystify property auctions and empower you on your path to homeownership.
Episode Highlights:
00:00 - Introduction
02:07 - New South Wales and its property auctions
05:24 - Queensland buyer’s agent - Meighan Wells
05:30 - Queensland and its property auctions
10:00 - South Australia’s property expert - Katherine Skinner
10:15 - South Australia’s property auction regulations
12:52 - Tasmania’s property expert - Samantha Spilsbury
13:28 - Tasmania’s property auction regulations
16:21 - Victoria’s property expert - Jarrod McCabe
17:00 - Victoria and its property auctions
22:41 - Western Australia’s property expert - Ben Lamers
22:48 - Western Australia and its property auctions
Connect with our Property Experts from all Across Australia:
- Katherine Skinner
- LinkedIn: https://www.linkedin.com/in/katherine-skinner-1b49a149/
-
Website: https://adelaide.nationalpropertybuyers.com.au/
-
Samantha Spilsbury
- LinkedIn: https://www.linkedin.com/in/sam-spilsbury-946321b5/
-
Website: https://buyersagentstasmania.com.au/
-
Jarrod McCabe
- LinkedIn: https://www.linkedin.com/in/jarrod-mccabe-81333034/
-
Website: https://wakelin.com.au/
-
Ben Lamers
- LinkedIn: https://www.linkedin.com/in/ben-lamers-16772a52/
- Website: https://acumentis.com.au/
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Curious to know how a seemingly innocent misstep cost an ill-fated couple their cherished home? What could they have overlooked in the buying process? And what can we learn from their heartbreaking experience?
Today, we talk about the story of a couple from the illustrious Gold Coast and how they tragically lost their cherished home due to a seemingly innocuous error.
May this episode serve as a stark reminder for all prospective homeowners about the paramount significance of comprehending the intricate buying process across diverse states and the indispensable need for meticulous research and thorough examination.
It has always been our objective to provide you with the tools and insights required to make well-informed decisions, avoid potential pitfalls, and safeguard your dreams of homeownership. So come and follow us to the Gold Coast to discover why understanding state-specific buying processes is absolutely crucial.
Trust us, this is an episode you wouldn't want to miss.
Tune in now and unlock the keys to a successful and fulfilling home-buying experience.
Episode Highlights:
00:00 - Introduction
03:24 - Couple's long battle over family home
05:08 - Buying property varies by state: Different states, different rules
07:38 - Explaining a caveat
11:46 - Avoiding property disasters by hiring a local buyer's agent
15:07 - The importance of checking for changes before an auction
17:17 - What are the right questions to ask the conveyancer?
21:10 - What is an encumbrance on a mortgage?
23:13 - Why you need experienced people on your crew
27:20 - Worst case scenario you get when you ignore the red flags
Resources Mentioned in this Episode:
- Gold Coast couple never legally owned home they purchased at auction, court ruling finds https://bit.ly/3ooOKTj
Other resources:
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyer's Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyer's Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
In this episode, we delve into the fascinating world of the property buying lifecycle, offering invaluable insights through the lens of a seasoned financial advisor. Now, before you dismiss this as irrelevant to your current situation as a first home buyer, hold on tight! We're about to uncover how your first home purchase can be a stepping stone towards long-term financial success.
As we explore the property buying lifecycle, we'll touch on the potential for future property acquisitions, whether it be upgrading or diversifying your portfolio. You'll gain a holistic understanding of how your initial home purchase can become a springboard for building wealth, providing you with the flexibility to adapt and grow as your circumstances change.
Discover the critical factors to consider beyond just finding a roof over your head and learn how to approach your first purchase with a strategic mindset, ensuring that your property aligns with your long-term goals and aspirations.
Tune in to gain the knowledge and confidence needed to make informed decisions at every stage of the property buying lifecycle.
Episode Highlights:
00:00 - Welcome to Your First Home Buyer Guide Podcast!
02:13 - Meighan’s special house of the week
04:14 - Why property and wealth creation go hand in hand
08:53 - Stuart Wemyss’ podcast and the Home Buyer Guide’s phases of life
10:22 - Phase 1: The recommended time to master cash flow management
14:12 - Why you need an investor’s mindset when buying your first home
17:25 - Phase 2: Before starting a family – career progressing, income increasing
20:17 - Phase 3: The almost impossible to build wealth phase
22:43 - Tips for continuing to build wealth even if you’re in phase 3
24:45 - The importance of understanding different needs through different phases of life
30:16 - You also need to think about other investment opportunities other than property
31:16 - Having a home you own can help in retirement
33:12 - When is a really important time to get advice from a financial advisor?
35:06 - Final phase: The retirement age
Resources:
- Investopoly Episode 253: The typical life cycle of an investor https://podcasts.apple.com/ph/podcast/the-typical-life-cycle-of-an-investor/id1348458167?i=1000609537175
- Listen to Stuart Wemyss’ podcast Investopoly https://podcasts.apple.com/ph/podcast/investopoly/id1348458167
- Investopoly by Stuart Wemyss https://amzn.to/3OkkTpu
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
As a first-time home buyer in Australia, you may be feeling overwhelmed by the complexities of the property market, often faced with a myriad of questions and challenges. How can you afford the property you need? How do you find the right buyer's agent to guide you through the process? And how can you make informed decisions when the sold prices aren't published?
Today, we'll be addressing these questions and more, providing you with valuable insights and advice on your journey to becoming a homeowner in Australia.
Whether you're just starting out or you've already been searching for months, you'll find plenty of useful tips and strategies to help you on your journey towards home ownership in Australia. So tune in!
Episode Highlights:
00:00 - Introduction
02:06 - Meighan’s special house of the week
03:27 - Options for first home buyers who can’t afford to buy the property they want to live in
09:47 - How mortgage brokers help you determine your borrowing capacity
15:12 - Picking the right buyer’s agent to help out with your property advice needs
23:47 - How to find the sale price of recently sold properties that are not disclosed?
25:35 - Where to start in the buying process
27:39 - Not enough savings for a deposit — thoughts on a Government Shared Equity Scheme?
Resources:
- Episode 40: How Can You Identify A, B, and C Grade Properties? https://homebuyeracademy.com.au/podcasts/040
- Listen to Episode 118: How Mortgage Brokers Help First Home Buyers Navigate the Property Market https://homebuyeracademy.com.au/podcasts/118
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
- Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
If you think you’re doing everything right when it comes to buying your first home, you might want to think again!
In today’s episode, we talk about the cautionary tale of a couple who thought they had it all figured out, buying an old house with the intention of demolishing it and rebuilding a new one. Only to make a huge mistake that cost them dearly. Do you think you could avoid their fate?
This couple's demolition disaster is something that could happen to anyone, but it's entirely avoidable. By listening to their story and learning from their mistakes, you'll be better equipped to make informed decisions when purchasing a property.
Let us take you through their experience and break down what went wrong, while we also give some practical tips on what you can do to ensure that you don't make the same mistake.
Join us in our discussion today and take the challenge to learn from the mistakes of others. Set yourself up for success by avoiding pitfalls that can come with buying your first home.
Episode Highlights:
00:00 - Introduction
02:19 - Meighan’s special house of the week!
03:55 - Grave mistake costs Sydney couple their dream home
05:49 - Understanding underlying factors & regulations for property development
07:41 - Do your due diligence before making decisions based on assumptions and FOMO
13:40 - Why are some properties allowed to build while others are not?
16:20 - Asking conveyancers or solicitors the right questions when rebuilding
21:33 - The consequences of demolishing a property you don’t have approval to demolish
25:18 - How to easily avoid this kind of demolition and rebuild disaster
29:20 - The importance of independent advice in real estate
Resources:
- Link to the story of the Sydney couple https://bit.ly/3LEJsMe
- 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
See omnystudio.com/listener for privacy information.
Buying your first home is a significant milestone, and it's only fitting to approach it with the right mindset. While most people tend to approach it with an investor's mindset, there are other aspects that are just as important to consider, such as peace of mind, security, and environmental impact.
In this episode, we challenge the traditional investor's perspective and explore a more holistic approach to home buying. Our special guest, Jeremy McLeod, the founder of Breathe Architecture and co-founder of Nightingale Housing shares expert tips on how to find a home that not only provides financial security but also promotes your well-being and supports the environment.
From sustainable architecture and permaculture to green spaces and self-sufficiency, we'll discuss the essential features to consider when looking for your first family home, so tune in now.
Episode Highlights:
00:00 - Our topic for today’s episode
02:49 - Meighan’s unique house of the week
03:21 - Who is Jeremy McLeod?
06:27 - What is Nightingale Housing?
09:41 - What is the biggest issue of today?
14:57 - The potential cost savings for switching to green power
16:35 - Tips for first homebuyers on budget-friendly sustainability
21:54 - The downside of removing trees in subdivisions
27:46 - The pros and cons of having green roofs and greenery in your property
34:09 - The cause behind the urban heat island effect and how to deal with it
42:11 - How can permaculture be integrated into suburban living?
50:00 - Can permaculture be commercialised in some way?
52:32 - The importance of making scalable decisions when buying your first property
About Jeremy McLeod:
Jeremy McLeod is the Director of Breathe, a top sustainable architectural studio in Australia with over 20 AIA awards. He's also a Co-Founder of Nightingale Housing and Head of Partnerships at Goodbye Gas. Jeremy advocates for affordable and carbon-neutral housing, urging industry and government to do better in response to the country's housing and climate crisis. He's passionate about a net zero emissions future and believes architects can drive positive change through collaboration.
Connect with Jeremy McLeod:
- Connect with Jeremy on LinkedIn https://www.linkedin.com/in/jeremy-mcleod-architect
- Visit Jeremy’s website: https://www.breathe.com.au/studio
Resources:
- Visit this website to find more suppliers providing 100% greenpower https://www.greenpeace.org.au/
- Visit this website for sustainable options https://www.marketforces.org.au/
- 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
See omnystudio.com/listener for privacy information.
With the most recent Four Corners Exposé on the secret tactics and questionable practices of some real estate agents, it’s easy to feel intimidated by the real estate industry, especially when you’re a first time home buyer.
In this episode, we're going to give you our top five tips for dealing with real estate agents when in search of your first home. Listen closely and you'll learn how to protect yourself from high-pressure tactics, how to negotiate effectively, and how to avoid common mistakes that could cost you money.
By the end of this episode, you'll have a clear understanding of how to deal with real estate agents and navigate the buying process with confidence. We hope that these tips will help you to find your dream home and help you avoid some of the common pitfalls faced by first home buyers in Australia.
Episode Highlights:
00:00 - Top 5 tips for dealing with real estate agents in the purchase of your first home
02:15 - Meighan’s unique house of the week
03:48 - Survey reveals low trust in real estate agents & influencers
07:34 - Don't make costly mistakes in selecting your buyer's agent
11:33 - Tip #1: Understanding that real estate agents do NOT represent you
18:34 - Tip #2: Avoid costly mistakes by asking the right questions
33:38 - Tip #3: Agents speak; watch their language
36:46 - Tip #4: What every buyer should know about real estate agent processes
39:33 - Tip #5: Should the negotiation process influence your property buying decision?
Resources:
- Episode 32: How Do You Choose a Buyers Agent (and do You Actually Need One)? https://homebuyeracademy.com.au/podcasts/032
- 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:
- 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
See omnystudio.com/listener for privacy information.
As a first home buyer in Australia, you may have been watching changes in the economy around the world unfold with trepidation, wondering whether now is the right time to enter the property market.
Join us in today's episode as we explore the potential impacts of the global economic situation on the Australian property market. While rising living costs and a rental crisis make buying a home an attractive option, the prospect of rising interest rates and rumours of a recession can also be intimidating. So, what should you do?
We're here to give you the lowdown on the property market, whether you're ready to take the plunge or still weighing your options on your first property purchase. It is our goal to help you retain a long term perspective while making your choices with the utmost confidence. Let’s get started!
Episode Highlights:
00:00 - What does economic doom and gloom mean for first home buyers?
02:15 - Meighan’s unique house of the week
03:11 - Lessons from the past: How major events shaped today's property market
07:06 - The surprising patterns about market catastrophe and property prices
11:15 - The cyclical nature of the real estate market
13:32 - Lessons we can learn from the failure of real estate in mining towns
15:47 - Making sound property investment decisions for the long term
20:54 - Revealing the secret to making gains in a downturned property market
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
See omnystudio.com/listener for privacy information.
Are you thinking of building your own home from scratch, but not sure where to start? If you're like most people, the idea of creating your dream home can be exciting and yet daunting at the same time. So we’re here to talk to you about the secrets of successfully building a home from scratch.
Today’s guest, Kerri-Ann Hooper, is a new home specialist and the Director of Carnelian Projects Pty. Ltd. With years of experience in the industry, Kerri-Anne has helped countless clients navigate the complicated process of designing and building their dream homes.
So she’s with us today to share her expertise and provide valuable insights regarding the most common pitfalls you will need to avoid if you wish to buy a block of land and build your own home from scratch.
By the end of this episode, you'll have a better understanding of what it really takes to make your dream home a reality. Tune in now to learn more!
Episode Highlights:
00:00 - Introduction
03:30 - How Kerri-Ann got into the building industry
08:00 - How much does Kerri-Ann get paid and by whom
13:44 - Common additional costs that can catch people out during the process of building
17:47 - How does a contour plan affect building expenses?
22:48 - The hidden costs of building a house: What you need to know
27:41 - What is a master plan? What are some of the restrictions?
33:28 - The difference between a master-planned community and a “hustling package”
38:34 - Some of the biggest mistakes people make when buying a home
About Kerri-Ann Hooper:
Kerri-Ann Hooper is a second-generation real estate specialist and director of Carnelian Projects. With over 30 years of experience, she's a new home specialist, advocating for clients from sales to handover. Kerri-Ann specializes in new builds, is passionate about building, and aims to change the lack of trust and faith in the real estate industry using her straight shooter reputation and long relationships with buyers and builders. She's a building concierge who provides bespoke service, ensuring consistency, attention to detail, and clarity.
Connect with Kerri-Ann Hooper:
- Kerri-Ann Hooper’s LinkedIn https://www.linkedin.com/in/kerriannhooper-carnelianprojects/
- Visit Kerri-Ann’s website https://www.carnelianprojects.com.au/
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at:
-
Your First Home Buyer Guide Podcast - support@homebuyeracademy.com.au
-
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Why is using a mortgage broker crucial for first-time homebuyers in the Australian property market and what exactly does a mortgage broker do?
The process of purchasing a home in Australia can be overwhelming, especially for those who are new to it. But finding a mortgage broker to help you can make the journey much smoother. Essentially, a mortgage broker acts as a middleman between you and the lender, helping you find the best mortgage product that suits your needs and financial situation.
To dive deeper into the benefits of finding a good mortgage broker early on, we're joined by Hung Chuy — Director and Finance Strategist at Strategic Brokers. He'll share his expertise with us on the optimum time to start working with a mortgage broker and explain why it can be a game-changer.
Wherever you live in Australia, finding a good mortgage broker near you is crucial. They offer expert advice and help you understand the jargon and fine print, ultimately saving you both time and money. So, tune in and hear firsthand from Hung Chuy on why working with a mortgage broker is the best way to achieve your dream of owning a home.
Episode Highlights:
00:00 - Introduction
01:55 - Why do first-time buyers need a good mortgage broker?
06:30 - The art of borrower-lender matchmaking: The importance of a good broker
13:12 - Challenges and benefits of seeking advice from a professional mortgage broker
16:21 - Important tips for selecting a good mortgage broker
20:23 - What should you ask your broker before committing to a mortgage?
25:09 - How can credit repair agencies help first-time homebuyers with bad credit?
31:28 - How can you avoid making poor decisions when buying your first home?
36:52 - The one thing Hung wishes he knew when he was a first time home buyer
About Hung Chuy:
Hung is the Founder and Director of Strategic Brokers — a mortgage advising firm, with over 10 years of experience in Banking and Finance. He has submitted thousands of finance applications and has worked with CEO’s of major corporations, self-employed business owners, as well as Chartered Accountants, Lawyers, and Barristers. Hung has also been awarded the Young Gun Award of the year in 2016 by Yellow Brick Road and MPA Magazine. He has managed to simultaneously run multiple successful businesses and completed his study in Accounting and Finance at Macquarie University. Under his leadership, the Yellow Brick Road Franchise became the No.1 Performing lending Franchise Nationally from 2016 until 2020. Hung is now focused on his next challenge of starting his own successful brand.
Connect with Hung Chuy:
- Hung Chuy’s LinkedIn Profile https://www.linkedin.com/in/hung-chuy-54777998/
- Visit Hung Chuy’s Website https://www.strategicbroker.com.au/
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
- Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
- If you have any questions or would like to be featured on our show, contact us at:
-
Your First Home Buyer Guide Podcast - support@homebuyeracademy.com.au
-
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
- Work with Veronica: https://www.veronicamorgan.com.au
- Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
- Work with Meighan: https://www.linkedin.com/in/meighanwells/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
- Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
- Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
See omnystudio.com/listener for privacy information.
Did you know that women over 55 are the fastest-growing cohort of homeless in Australia, and only a quarter of property investments are owned by women? The gender pay gap, social norms, and other barriers make it difficult for many women to achieve financial stability. However, despite these challenges, homeownership and financial stability is still attainable for women.
In this episode, we explore the critical role that homeownership plays in women's financial empowerment. Our guest, Nicola McDougall, co-author of The Female Investor, shares her expertise on how women can create wealth through property ownership and achieve financial independence.
Nicola highlights the unique challenges that women face when it comes to achieving financial stability, as well as the benefits of homeownership, such as building equity and generating passive income. By discussing how women can take control of their financial futures through property ownership, we aim to inspire and empower women to achieve their financial goals.
If you're a woman looking to take control of your financial future, then this episode is for you. Don't miss out on this empowering conversation of the Your First Home Buyer Guide Podcast to learn more about how homeownership can contribute to a woman's financial empowerment.
Episode Highlights:
00:00 - Introduction
04:46 - The gender pay gap issue and how women can overcome it
06:38 - What’s the impact of biological differences on a woman’s finances?
08:38 - Is gender bias still holding women back in finance education?
14:12 - Nicola’s backstory and her role at PIPA (Property Investment Professionals of Australia)
18:53 - How PIPA impacted a detrimental real estate legislation in Queensland
23:54 - Homeless women in Australia: Is the rental crisis to blame?
25:40 - Useful tips for women in building financial security through homeownership
31:46 - Why is starting early key to a woman's financial security through homeownership?
35:39 - Why the power of female voices in finance matters
39:13 - How women can avoid the pitfalls of misleading financial and property advice
46:12 - The ugly reality of get-rich-quick schemes in real estate
49:57 - Nicola’s parting advice for women who are first home buyers
About Nicola McDougall:
Nicola McDougall is Director at Bricks & Mortar Media — a PR and media consultancy focused on property and finance. With over 19 years of experience, she is an award-winning journalist, professional writer, and editor in Australia and New Zealand. She was previously the editor of Australian Property Investor magazine and authored "The Female Investor - Creating Wealth, Security, and Freedom Through Property." Nicola joined the Real Estate Institute of Queensland (REIQ) in 2006 and became Executive Manager Corporate Affairs, where she oversaw the organisation's monthly 56-page industry magazine and property research and analysis. Her extensive knowledge of membership organisations, real estate, and property investment experience is currently of value to the PIPA board.
Connect with Nicola McDougall:
- Nicola’s LinkedIn profile https://www.linkedin.com/in/nicola-k-mcdougall/
Resources:
- The Female Investor by Nicola Mcdougall and Kate Hill https://www.amazon.com/Female-Investor-Creating-Security-Property/dp/0730398633
- 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? http://www.gooddeeds.com.au
- Work with Veronica: http://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
See omnystudio.com/listener for privacy information.
Do you want to know when the most properties are available to buy on the market? Perhaps you've heard of the "spring selling season" and wondered if it's a real thing. In this podcast episode, we explore the world of seasonality in the Australian property industry and uncover the truth behind some commonly held beliefs.
Tune in to our discussion about the key factors that drive seasonality and explore how they can impact the property industry in your region. Because, like everything in real estate in this country, there are differences depending on where you live.
No matter where you are in Australia, it’s essential to understand seasonality so you can be able to make well-informed decisions about buying and take advantage of being prepared whether in and out of season. If you're a first home buyer seeking property advice about the latest property market trends, today’s discussion is sure to provide valuable insights.
So hit that play button and join us as we debunk the myths and uncover the facts about seasonality in the Australian property market.
Episode Highlights:
00:00 - Is the spring selling season a real thing here in Australia?
02:03 - Meighan’s special house of the week!
03:52 - Is springtime really the best time to buy property?
05:16 - Do more listings in spring mean good or bad?
07:30 - Why waiting for spring could be a potential mistake
09:17 - Smart tip to get you ahead in the property market
11:31 - How seasonal trends work in Aussie property markets
16:04 - Key factors to consider for buying property year-round in diverse Australian regions
25:50 - Tips for outsmarting the property market with seasonality savvy
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
See omnystudio.com/listener for privacy information.
As a first home buyer, do you feel overwhelmed by the unpredictable property market and its ever-changing conditions? Are you struggling to keep up with the market's constant fluctuations? Don’t worry, you're not alone! You see, the truth is that the property market is never perfectly balanced or normal, and conditions are always changing.
So today, we’d like to talk about this powerful tool that will help you make informed decisions about the price you pay for any property — indexation. Simply put, indexation is a way to adjust your price research according to market conditions. It will help you stay ahead of the game and make smarter pricing decisions.
Join us as we spill the beans on successful pricing strategies that go beyond just crunching the numbers and unlock today’s real estate secret: PRICE LIKE A PRO! It’s one episode you won’t regret, we promise! So click that play button and let’s get into it!
Episode Highlights:
00:00 - The market is booming, the bubble is bursting!
01:54 - Our special house of the week!
03:34 - Why is pricing important when buying a property?
05:25 - Why does pricing property require more than just market knowledge?
07:24 - Why all home buyers should pay attention to indexation
09:03 - Simplifying property pricing to find your starting point
12:10 - The secret behind our accurate property pricing
15:27 - How to make smart decisions in a rising market
17:41 - Predicting market trends from your data
20:22 - What you need to know in Sydney’s real estate market
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
- Our 10-step online course for first time home buyers: https://www.homebuyeracademy.com.au/YFHBG
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!
See omnystudio.com/listener for privacy information.
Hey there, first home buyers! Do you want to unlock the secret to finding unbeatable value in a buyer’s market? Let's face it, buying a property is a BIG deal. So, you definitely don't want to just rush into anything and end up regretting it later. It's a big investment, after all!
In today’s episode, we provide you with unbiased and real information that you can rely on to make sure you buy “value” in real estate property. From understanding the ins and outs of land value to mastering comparative market analysis, we'll discuss all the tools you need to find the best deals and make smart investments.
There's nothing quite as satisfying as scoring an amazing deal and value on your dream home. So don't rush the process - tune in to discover how you can get ahead of the competition and ensure you find your dream property at an amazing price.
Episode Highlights:
00:00 - How to Determine Good Value in Property Buying
05:01 - What does land value mean?
06:55 - Deciphering true land value beyond the Valuer General’s assessment
10:20 - The complexities of valuing character homes in real estate
12:24 - Avoiding the pitfalls of purchasing low-quality properties in search of value
14:51 - Why a buyer’s market may not always mean lower prices
18:39 - The media's role in complicating real estate analysis
20:31 - Tips for ensuring fair value when purchasing a property
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
- Download our Free Mini-Course right here for FREE: https://homebuyeracademy.com.au/freecourse
- Enroll in our 10 Steps Online Course for First-Time Buyers: a 10-module guide to buying your first home without making a mistake.
Be sure to subscribe to our podcast and stay up-to-date with the latest episodes. You won't want to miss out on valuable insights in our comprehensive home-buying guide. Thanks for listening!
See omnystudio.com/listener for privacy information.
Have you ever felt FOMO, the fear of missing out? It's a common feeling that can impact many areas of our lives, including our property decisions. In this podcast, we'll be discussing how FOMO can affect your decision-making process when it comes to buying your first home, and what you can do to shift your mindset and overcome it.
In addition to that, we'll also explore two other related concepts called FOOP and FONGO. Both of which can have serious implications in your property decisions. In this episode, we share some tips and strategies to help you avoid falling into these traps and become a successful first-time homebuyer.
It’s always our goal to provide you with valuable insights that can help you navigate these fears and make sound decisions. So, if you're looking to buy a home, you won't want to miss this podcast. Tune in now to learn more about FOMO, FOOP, and FONGO and how you can shift your mindset to achieve your homeownership goals.
Episode Highlights:
00:00 - Introduction
02:10 - Meighan’s special house of the week!
02:52 - What is FOMO?
05:06 - How FOMO impacts your property decisions
11:40 - The curious case of FOMO in down markets
13:33 - How to avoid the FOMO trap as a first-time homebuyer
17:01 - Let’s talk about FOOP
18:42 - Tips for shifting your mindset and conquering FOOP
24:13 - What is FONGO?
25:20 - Why you wouldn’t want FONGO to impact your property decisions
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
- Watch our episode on Deconstructing Property Headlines: Property Headlines: Discover What's REALLY Going On
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!
See omnystudio.com/listener for privacy information.
Are you a first-time home buyer looking to navigate the world of real estate? In this episode of Your First Home Buyer Guide, we answer the burning questions of some of our listeners.
One of the biggest challenges for first-time home buyers is estimating renovation costs and finding the right contractor. So we provide you with some helpful tips and tricks that will help in overcoming these obstacles and making informed decisions when it comes to renovating your new home. Additionally, we offer guidance on valuing unrenovated homes in renovated areas, which can be particularly useful for those looking to buy in popular neighbourhoods.
For older first-time home buyers, we discuss effective strategies to help you succeed in the real estate market. We also cover topics such as where and what type of property to buy, as well as the importance of building a team of the right professionals to assist you in your first home buying experience.
Tune in to this episode and gain the knowledge you need to make informed decisions when purchasing your first home.
Episode Highlights:
00:00 - Welcome to Your First Home Buyer Guide Podcast!
01:55 - Meighan’s renovation update
05:12 - How to estimate renovation costs and choose the best renovation contractor?
07:55 - AVOID misleading renovation costs by following these two steps
13:31 - Additional tips for people who intend to buy a property
14:45 - Valuation tips for unrenovated homes in a renovated area
21:34 - Effective portfolio-building advice for older first-time home buyers
28:38 - Where should you buy and what property should you buy?
32:17 - Which professionals can assist you in buying your first home?
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
- Download our Free Mini Course right here for FREE: https://homebuyeracademy.com.au/freecourse
- Our “Where to Buy Tutorial” is the step-by-step way to get unstuck if you're worrying about making a huge mistake in buying property
- Click on the link to watch the podcast episode: ”What’s the #1 Trait of a Good Buyer’s Agent?”
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!
See omnystudio.com/listener for privacy information.
When browsing your news feed, you're likely to come across headlines that either tout skyrocketing property prices or plummeting values.
With the abundance of information available online, it can be difficult to determine the reliability of a property headline.
In this episode, Veronica Morgan and Meighan Wells unravel the truth behind these headlines and help you evaluate them critically. Delving into the accuracy of property news, they emphasise the importance of verifying information through multiple sources and more!
Tune in to this episode for a deep dive into the world of property news and insights.
Episode Highlights:
- Welcome [0:08]
- How property headlines can vary depending on the source [1:57]
- How do you tell what you're reading from what you see? [4:35]
- Why don't you freak out when prices rise or fall? [7:21]
- How much growth has happened since the last dip? [10:41]
- What other property specialists do, whereas others regurgitate [14:17]
- Some of the worst-case scenarios for the property market. [17:38]
- Distribution of prices during the reporting period [23:36]
- The media's agenda is to get us to click on articles [28:19]
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
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!
See you on the inside,
Veronica & Meighan
See omnystudio.com/listener for privacy information.
Are you ready to take the leap into homeownership but feeling overwhelmed by the real estate industry's lingo? Don't worry, you're not alone.
Buying a home is an exciting journey, but it can also be intimidating, especially for first-time buyers. Property professionals often use terms and phrases that are unfamiliar to the average person, which can leave you feeling confused and unsure of what you're getting into
Join Veronica Morgan and Meighan Wells in the third and final episode of the "Real Estate Jargon" series, where they share their extensive experiences and insightful stories about avoidable mistakes.
You can rely on it to get where you want to be without missing a step.
Get ready to immerse yourself in another exciting round of discovery!
Episode Highlights:
- Welcome [00:00]
- What is an off-plan agreement? [2:38]
- What’s a private sale? [5:58]
- What is a qualified acceptance? [10:30]
- What is a seller’s market? [14:53]
- What is a survey and a subdivision? [21:04]
- What is a joint tenancy? [24:04]
- The difference between an appraisal, market value and a valuation? [31:02]
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
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!
See you on the inside,
Veronica & Meighan
See omnystudio.com/listener for privacy information.
When you understand common terminology and industry jargon, it will be so much easier to understand what agents and other professionals are saying!.
This is the second of a three part series, The A-Z of Understanding Property Jargon. In this episode Meighan and Veronica will walk us through everything you need to know from "E-N".
If you have ever heard lingo being thrown around and not quite sure what it means?. Or if you want to gain a deeper understanding of all things property to help you during your purchase... then this is the episode for you!
Episode Highlights:
- What Is An Encumbrance? [03:33]
- First Right Of Refusal? Is it a right or a courtesy? [07:22]
- What Is Freehold Hand and Fee Simple? [09:42]
- How Much You Borrow vs How Much You Are Putting In? [12:54]
- Home Inspection [16:32]
- The Jurisdiction you’re in makes all the difference [19:19]
- Lender’s Mortgage Insurance doesn’t cover you [22:11]
- Mortgage: A Legal Document or a Debt? [26:24]
Resources:
Visit our website https://www.homebuyeracademy.com.au/
See omnystudio.com/listener for privacy information.
If you’re not familiar with real estate or property buying jargon, it's easy to get confused by the terminology buyers' agents or real estate agents use. It will serve you well to know these terms. To understand what they are explaining and spot funny business if they are trying to pull the wool over your eyes.
This will be the first of a three part series, The A-Z of Understanding Property Jargon. In this episode Meighan and Veronica will walk us through everything you need to know from "A-D".
If you have ever heard lingo being thrown around and not quite sure what it means?. Or if you want to gain a deeper understanding of all things property to help you during your purchase... then this is the episode for you!
Mentioned in the episode:
- Episode 98 - https://homebuyeracademy.com.au/podcasts/098
Episode Highlights:
- Introduction to Home Buyer Academy Podcast [00:08]
- Every State Is Different [02:52]
- What Is An Offer And Acceptance? [03:30]
- If Your Property Is Appreciating, It’s A Good Thing [04:57]
- It’s Important That A New Property Complies With The Codes [10:24]
- Certain Circumstances When You Need Pay Taxes [1652]
- Fixed Proportion Of A Sale Price [24:30]
- Finance Approval Clause [28:51]
- Decline In The Value Of The Property [28:51]
- Property Depreciation [33:08]
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
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!
See you on the inside,
Veronica & Meighan
See omnystudio.com/listener for privacy information.
Today, we're talking about how scarily easy it is to lose money to scammers. This has been a very interesting topic. Especially when you’re in business or property management. These scammers will always make a way to take advantage of a situation.
Joining us today is Sarah Megginson, head of editorial at Finder and writes about all things money and property. As a Finance Journalist, Sarah shares her experience on how she got scammed. These scammers are really sophisticated and do everything to make it seem legit.
Tune in to the episode to know how to avoid getting scammed and know the red flags when these scammers try to attack you.
See you in the episode!
About our guest:
Sarah Megginson is the Head of Editorial at Finder, an Author, Editor Journalist and Ghost Writer with more than 17 years experience. She has ghost-written or edited 25+ best-selling non-fiction books with a number of high-profile Australians, and as a journalist, she specializes in Business, Finance and Property Writing.
Link to Sarah’s website:
https://www.sarahmegginson.com/
Episode Highlights:
- 00:00 Companies That Got Scammed
- 00:32 Welcome To Your First Home Buyer Property Podcast
- 00:38 Megan and Veronica's Introduction
- 02:47 Introduction To Sarah Megginson
- 03:18 Sarah Shares Her Story About How She Got Scammed
- 06:30 Scammers Target Anyone Regardless Of Age
- 08:28 Why Some People Just Don't Report It
- 13:51 Setting Up Extra Security Measure On Your Devices
- 16:18 What's More And More Sophisticated About Online Scams
- 19:50 How Do You Know If You're Being Scammed?
- 26:34 What Are Some Of The Things That Are Particularly Insidious And Related To Property
- 34:23 Are You Going To Sell Your Data To Somebody Else?
- 40:04 What Is One Thing You Wish You Know As A First-Time Buyer?
Resources:
- Visit our website https://www.homebuyeracademy.com.au/
- ScamWatch: https://www.scamwatch.gov.au/
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!
See omnystudio.com/listener for privacy information.
How did you spend your holidays?
Following all the celebrations and parties, we're diving into the most pressing property market topics for this week’s podcast.
In today’s episode, we’re talking about what to expect in the property market in 2023 and practical tips for getting ready to buy.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Introduction [0:08]
- How long will interest rates continue to rise? [5:05]
- Why it's so important to understand the process of buying [9:24]
- Regional vs city vs cultural life [14:55]
- What is the seasonality of auctions [22:42]
- When is the best time to get your property on the open market? [26:02]
- The upward pressure on the market [29:25]
Links from the Show:
- https://www.homebuyeracademy.com.au/
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!
See omnystudio.com/listener for privacy information.
Is it great to have a checklist to refer to when buying a property?
If you want to spend holidays revisiting the key things you need to know before buying your first home, Veronica and Meighan walk you through this quick start guide of the top 10 episodes that will get you up to speed the fastest.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Introduction [00:10]
- The three most common first homebuyer mistakes [04:06]
- Investing fundamentals [07:09]
- The number one question asked by first homebuyers: Where to buy? [10:02]
- How to work out the right price to pay? [11:18]
- How to research property for free? [12:39]
- How to identify A, B, and C grade properties? [13:42]
- Avoid these mistakes when buying a property [16:00]
- Stepping stones strategy [19:13]
- Step by step through the purchasing process [20:09]
- Your first home guy [23:43]
Links from the Show:
- https://www.homebuyeracademy.com.au/
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!
See omnystudio.com/listener for privacy information.
The months of December to January are notoriously a ‘quiet’ period in the property market…
And as a future first home buyer, it is important that you learn how to make the most of its ebb and flow.
But, what are the things you have to consider to ensure that you’re READY for the year ahead?
In today’s episode, we’re talking about maximizing quiet time in the housing market by preparing for what’s in store in 2023…
We discuss planning your private treaty deals, what you’d want to clarify with your broker (before they go on their holiday break!), creating your Dream House Wishlist and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Why December to January is a quiet period in the market [06:12]
- Finding a support crew [10:54]
- Securing your borrowing capacity [12:20]
- Creating your Dream House Wishlist [13:56]
- Conducting the search [16:11]
- Your preferred method of sale [18:25]
- Preparing for private treaty neogotiations [19:03]
- What to look for in strata reports [21:58]
- Assessing the contract [24:14]
- Negotiating the funds [26:09]
- Enough time for settlement [29:11]
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!
See omnystudio.com/listener for privacy information.
What’s BETTER than receiving a Christmas gift that will benefit you for a long time?
And no, we’re not talking about asking your parents for a new house!
In this episode, we prepared a few things you might want to add to your Christmas wishlist which will help you get on your journey to becoming a first home buyer.
From initial deposits to knowledge investments and more… we discuss ways your parents and loved ones can help you get onto the property ladder - even if they can’t afford to gift you your first home.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Getting an agent to help with asset selection [05:03]
- Buying a new home – number one on the Christmas wishlist [06:21]
- A gift to bolster your deposit [07:40]
- The payment of purchasing costs [09:35]
- Investing on knowledge [11:01]
- 50% off on Your First Home Buyer Guide! [16:40]
Links from the Show:
- Episode 49: What Can Go Wrong When Borrowing from the Bank of Mum and Dad https://www.homebuyeracademy.com.au/podcasts/049
- www.getauctionready.com.au – Use the discount code: ACADEMY
- Can my parents be a guarantor for my mortgage?https://homebuyeracademy.com.au/PREPARATION/parents-guarantor-mortgage
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!
See omnystudio.com/listener for privacy information.
What happens if you put Boomer Uncle in a room with two Gen Xers who are old enough to be your mum?
In today’s episode, we are joined by the host of How to Buy a Home, David Sidoni, to talk about the best Gen X property and life lessons for millennials and Gen Zers.
This is an insightful episode as we discuss some similarities in lessons and advice that apply to both American and Australian property market.
We also delve into the best present day mindset for a long term purchase, why Gen Zs and millennials have the best fiscal growth potential, and what fear is really stopping you from.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Gen X Life Hack: Having a long-term mindset [05:40]
- The cure for anxiety is financial stability [11:37]
- Why are Australians afraid of mortgage [15:04]
- Buying a valuable asset [18:07]
- Realizing recency bias [20:27]
- What is scary today is going to feel comfortable [25:43]
- Analysis Paralysis: Why it gets in the way [32:35]
- Adding MORE value to your asset [37:55]
- Letting Dad make YOUR property decisions? [42:18]
- The alpha competitive culture in America [46:59]
- Life will ebb and flow [53:34]
Links from the Show:
- www.howtobuyahome.com
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!
See omnystudio.com/listener for privacy information.
When starting your journey to buying your first property, oftentimes, you don’t know what you don’t know.
You might tend to rely on advice from family, friends and even strangers.
Although their intentions to help you may be well-meaning, some of these “tips and tricks” might be unhelpful information and can do you more harm than good.
In today’s episode, we are listing down some of the wrong and outdated pieces of ‘advice’ you may encounter on your journey to buying your first home.
We also discuss the four stages of consciousness and competence and how you can put this into action.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Property advice you need to unlearn [06:24]
- Identifying quality, unbiased advice [10:02]
- The four stages of consciousness and competence [14:38]
- Step One: Unconsciously Incompetent [20:10]
- Step Two: Being aware of not knowing what you need to know [26:45]
- Step Three: Developing and applying new skills [27:29]
- Being consciously competent [32:06]
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!
See omnystudio.com/listener for privacy information.
We’ve finally made it to this incredible milestone of 100 EPISODES!
Thank you for being a part of this journey!
To celebrate this huge achievement, we are giving you our Top 10 Best Tips for Homebuyers from our Top 5 Best Episodes.
From the most common mistakes FHBs make to finding the right timing in the property market, we discuss all that and more. We also talk about how to find the right balance between spending versus saving.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- How to future-proof your cash flow [03:16]
- Crazy things buyers do when making offers [08:46]
- Avoiding these top 5 mistakes in a rapidly rising market [14:50]
- Paying attention to building codes [21:19]
- Should you wait for property prices to drop? [26:21]
- Signs you’re ready to buy your new home [35:56]
Links from the Show:
- https://www.nine.com.au/property/news/house-price-cycles-history-reveals-the-truth-behind-boom-or-bust/d7f6a835-32b2-486d-95d2-202689f2266a
- https://homebuyeracademy.com.au/readiness-quiz
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!
See omnystudio.com/listener for privacy information.
In our recent episode, we listened to first-hand horror stories straight from building inspectors…
Today, we’ll be talking about our OWN encounters, stories and experiences we’ve gathered over the past 25 years in the property industry.
What are the common (and not so common) issues we’ve uncovered?
…And what can you learn from them as a first homebuyer?
We discuss some minor B&P problems, from drummy tiles and wonky walls, to MAJOR issues like termite damage and stormwater pipe damages!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Building inspections do not look at cosmetic imperfections [04:10]
- Building & pest inspectors: the bad and the terrible [15:10]
- Why you should watch out for rising damp and uneven floors [24:02]
- The importance of a termite barrier [33:01]
- Watching out for termite damage [35:43]
- Leaking inside walls or floors [42:08]
- Getting your property thoroughly inspected [43:08]
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!
See omnystudio.com/listener for privacy information.
Recently, the government of New South Wales proposed to offer first home buyers an interesting choice to help them get into the property market sooner.
Homebuyers can opt to choose between a large amount of stamp duty or…
An annual land tax of a much smaller amount.
Now, what are the implications of each option?
In today’s episode, we are going to weigh the pros and cons between saving up another 5% or so on top of your deposit for stamp duty OR committing to an annual land tax bill of a much smaller amount.
We also discuss the possibilities of other states following suit, the qualifications to be considered for this offer, and how both stamp duty and land tax are calculated.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- NSW government introduces land tax or stamp duty option [04:20]
- What is the criteria to qualify? [08:29]
- Stamp duty on three different price points [12:23]
- Land value and tax: the investor option [24:56]
- Stamp duty vs land tax [30:03]
- The difference between land component and property improvements [33:17]
- Contesting land valuations [36:17]
Links from the Show:
- https://www.nsw.gov.au/initiative/first-home-buyer-choice
- https://www.savings.com.au/news/faster-home-ownership-for-nsw-first-home-buyers#:~:text=Under%20the%20First%20Home%20Buyer,traditional%20upfront%20payment%20for%20properties.
- https://fhbcalculator.service.nsw.gov.au/
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!
See omnystudio.com/listener for privacy information.
It is crucial that, before you purchase a property, you get a thorough building inspection.
Although some results may leave buyers disheartened, uncovering these nasty secrets prior to making a big commitment can save you the time, energy, and money in the long-run.
Unfortunately, for others, it might be too late… What can you do as a homebuyer?
In this episode, we are joined by building inspectors Zeher Khalil and Ed Waldman from Site Inspections. Lately, their TikTok account (https://www.tiktok.com/@siteinspections) has gone viral due to their scathing exposés on dodgy workmanship.
Today, Zeher and Ed share some of their inspection horror stories. We talk about the importance of handover inspections, unexpected issues that buyers should be on the lookout for, common faults, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Why Zeher Khalil left the building trade [04:31]
- The difficulty of finding good tradies at the moment [06:17]
- The waterproofing process [07:26]
- Getting the builder to come back and fix your property [11:22]
- Building inspection horror stories [15:23]
- Why builders need to adapt and improve their standards [20:39]
- The process of hiring a building inspector [25:17]
- The most common faults seen in an inspection [31:06]
- How have builders responded online [40:23]
- Buying a renovated home [46:14]
- What should buyers look for in a building inspector [50:19]
Links from the Show:
- Site Inspections (https://www.siteinspections.com.au/)
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!
See omnystudio.com/listener for privacy information.
In our previous episode, we talked about the challenges rising interest rates pose.
Now, we are tackling the best approaches to this worsening unaffordability issue… How can home hunters manage their risks effectively?
In this follow-up episode, we’re talking about the best strategies for first home buyers to cope with rising interest rates.
We also weigh in on timing the market according to your allotted budget, assessing your financial capacity, outsaving the property market, rentvesting as an option, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Recap: The impact of rising interest rates on a buyer’s borrowing capacity [01:55]
- The amount you own versus the amount you owe [03:02]
- The difference a bad mortgage broker can make [08:49]
- Is fear of debt always reasonable? [12:32]
- What can cause you to lose borrowing capacity? [16:57]
- Planning ahead: coping with rising interest rates [19:37]
- Rentvesting as an option [22:44]
- Advice from Meighan and Veronica [27:11]
Links from the Show:
- Episode 95 | What Special Conditions Should You Include in a Private Treaty Negotiation?
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!
See omnystudio.com/listener for privacy information.
As interest rates continue to soar, so do the chances of many homeowners losing their properties due to unaffordability….
But property owners are not the only ones bearing the impact.
Aspiring first home buyers are also starting to lose their faith in their dream of purchasing their first house.
In today’s episode, we discuss the best approaches to coping with rising interest rates, whether you’re a homeowner or a home hunter.
We also look into how interest rate rises lead to a decrease in a buyer’s borrowing capacity, how the borrowing capacity is calculated, what the best first step is in the current market conditions, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Jaz’s case study: coping with rising interest rates [04:05]
- The importance of having a borrowing strategy [11:11]
- Rising interest rates as a bigger enemy [16:57]
- The upward pressure on prices [21:16]
- Increasing your income as an option [25:07]
- Looking for good buying opportunities [28:35]
- Is waiting for prices to fall a good strategy? [31:51]
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!
See omnystudio.com/listener for privacy information.
When it comes to property purchases, as a buyer, it is necessary to know the types of conditions you might be able to add into your contract.
In today’s episode, we’re talking about these special conditions you may want to consider in your private treaty negotiations.
We also discuss the reasons why most buyers opt to include these special conditions in their contract, from building and pest inspections to the sunset clause.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Private treaty negotiations: making conditional offers [03:14]
- Common conditions in a contract [04:09]
- The subject to building and pest inspection clause [08:05]
- Can you insert these conditions in your contract yourself? [16:32]
- The subject to sale clause [28:38]
- The sunset clause [31:06]
- The subject to a personal inspectionclause [33:59]
- The benefits of these conditions in your contract [35:57]
- Not all conditions are necessary [40:10]
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!
See omnystudio.com/listener for privacy information.
Government incentives, like grants, have helped many first home owners turn their dreams into reality…
For this young couple, however, their first home dreams have become a nightmare.
What had led to them losing a $15,000 grant–and what should have they done differently?
In this episode, we are talking about the one risk around home buyer grants that is rarely talked about. We also discuss what makes one eligible (and ineligible) for government incentives, how you can mitigate risks, and how the RIGHT experts can guide you through the process of owning your first home!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- How did this young couple lose their first homeowners grant? [04:13]
- The steps in the conveyancing process [09:58]
- Why it's important to get advice before you commit [12:03]
- Sales agents aren’t always reliable [14:23]
- How could the couple have avoided this mishap? [17:17]
- Understanding conveyancing protocols [19:36]
- Grants as a property selection tool? [20:44]
Links from the Show:
- https://9now.nine.com.au/a-current-affair/young-couple-lose-first-homeowners-grant-on-brand-new-house-claiming-they-were-misled/7c03d747-d91b-47f5-af0b-a53a753fa796?ocid=Social-ACA&fbclid=IwAR0PYuudpPnYdQRmspCPNIAwUGaf82hQhOagvsMAbsf4LQnLcWp-W5r6ct8
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!
See omnystudio.com/listener for privacy information.
There is no single Australian property market.
This is why the value of a house is not set in stone and does not necessarily reflect the value of other properties in the same area.
So… what makes one property worth more than another in the future?
In today’s episode, we discuss 11 different properties in New South Wales and their performance over a ten year period. How did some increase in price so much more than others and what determines their value in the long run?
We also talk about the importance of doing research on property sales history, the neighborhood, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Why identifying capital growth is essential for investors [09:42]
- 11 different investment outcomes [12:21]
- Qualities of the lowest performing property over a 10-year period [13:41]
- Why your property’s sale history matters [16:26]
- Maximizing your villa as an investment [19:02]
- The price has to meet the market [24:06]
- Increasing property value through renovating [28:06]
- Top performers: House and land packages [36:00]
- “Highest and best use” – looking at the zoning and local building codes [39:12]
- Rising tides does not lift all ships [46:12]
Links from the Show:
- https://vimeo.com/747148921
- https://vimeo.com/747156550
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!
See omnystudio.com/listener for privacy information.
The first few steps to becoming a first home buyer are the most difficult to take…
Some of your concerns may be: “Am I financially secure enough to start investing in property?” or “How do I avoid getting scammed by property agents?” or even “What if I accumulate way too much debt?”
If you have absolutely no idea WHERE and HOW to start, don’t worry, you are not alone in the struggle and we are here to guide you through the whole process!
In today’s episode, we are answering ALL your questions to help you start your first home buyer journey. We also discuss planning your investment portfolio for the long-term, how much savings you should have before buying your first property, finding the best local expertise, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Is having debt inherently “bad”? [03:35]
- Why long-term planning is essential for aspiring first home buyers [06:27]
- Risk-mitigation strategies [08:22]
- Tyranny of distance: moving interstate [10:42]
- The two different types of conveyances [14:02]
- How to build a property support group [18:09]
- Buying into an area for future liveability [19:00]
- What is the stepping stone strategy? [23:06]
- How much deposit should you have? [27:39]
- The problem with buying land that hasn’t been subdivided [31:27]
- Why taking the first step to property investing is the hardest [37:42]
- Worried of being scammed by property agents? [39:40]
- The importance of having access to factual information [45:21]
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!
See omnystudio.com/listener for privacy information.
First-home buyers definitely have it easier in the 21st century, thanks to social media.
Aside from having access to near-limitless information, they are also able to find online property communities where they can share advice, problems, stories, and more!
Unfortunately, not every member of your forum or chat group is a housing market expert–nor do some have the purest intentions at heart.
In today’s episode, we’re discussing online property communities, forums, and chat groups! Should you rely on these online “experts” for information or are you putting yourself and your property investment at risk?
We also discuss the influx of FinFluencers in the digital space, the advantages of belonging in a group of like-minded individuals, and some questionable advice from these online “experts” on bidding at auction!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Building camaraderie through online communities [03:47]
- What makes a property investment advisor qualified and credible? [05:15]
- “FinFluencers” in the money space [08:54]
- The need for unification of systems and processes in real estate [11:10]
- False and misleading information in online property forums [14:30]
- What makes a good property auction bidding? [19:41]
- Developing a holistic understanding of the property market [26:49]
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!
See omnystudio.com/listener for privacy information.
As the landscape of the housing market changed, so did the image of a typical first home buyer…
Aside from the shift in demographic, buyers’ taste in properties have also evolved to adapt to the present economic conditions.
In today’s episode, we are looking into the modern first home buyer and what homes they are buying in 2022.
We also explore what these people consider prior to investing in property, what influences buying decisions, various demographic factors for assessment, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Who is the modern first home buyer? [06:11]
- Factors behind the demographic shift [07:30]
- Savers versus spenders: relationship dynamics [12:46]
- The average price for a first home buyer [15:54]
- The type of property first home buyers prefer in 2022 [19:15]
- Comparing the income between first home and changeover buyers [22:54]
- The change in property location preference [25:42]
Links from the Show:
- https://www.realestate.com.au/insights/who-are-modern-first-home-buyers-in-australia/
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!
See omnystudio.com/listener for privacy information.
Property prices are dropping and first home buyers are ecstatic!
Is it too good to be true? …Well, you guessed it.
As tempting as the price drop of homes in the suburbs sounds, not all “opportunities” are what they seem. Worse–some of these might even pose a problem for you in the long run.
In today’s episode, we’re discussing whether chasing these bargains are going to be worth your while!
We also discuss the warning signs to watch out for when buying cheaply-priced homes, the scarcity factor of properties in the suburbs, and what determines the price growth of properties in an area!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- What’s going on in the Australian property market [03:28]
- Falling house prices in the suburbs [06:01]
- History is a good predictor of the future [07:39]
- Factors that affect property demand [11:07]
- How can the scarcity factor affect prices? [17:12]
- Opportunities for development in the suburbs [19:11]
- Statistics are not always reliable [21:00]
Links from the Show:
- https://www.domain.com.au/news/the-suburbs-where-property-prices-are-cheaper-now-than-they-were-5-years-ago-1136171/
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!
See omnystudio.com/listener for privacy information.
Hidden property fees can be quite a shocker especially to first-time home buyers.
Fortunately, no one is withholding this information from you and you can easily prevent the unnecessary financial stress by sorting all your property expenses out from the get-go!
In today’s episode, we’re doing the research for you on the “hidden” costs of buying your first house.
We also discuss budgeting for building inspections, having an efficient support group of experts, and other costs that you need to be aware of!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Introduction [00:00]
- Couple’s first-home fee shock [03:35]
- Budgeting for stamp duty [09:56]
- Building and pest inspection costs [12:13]
- How high can bank fees get? [15:20]
- The importance of a reliable support group [16:45]
- Necessary cost adjustment made on settlement [17:44]
- There is very little margin for error when buying property [21:41]
Links from the Show:
- https://homebuyeracademy.com.au/PREPARATION/first-home-buyer-costs
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!
See omnystudio.com/listener for privacy information.
Fixer-uppers could be diamonds in the rough.
This is why first-time homeowners are drawn to purchasing old, dilapidated properties for cheap in the hopes of being able to increase their market value.
However, contrary to popular belief, not all renovations are worth the time, money, and effort you’re going to spend.
In today’s episode, we’re answering the age-old question: should you renovate or not?
We also discuss what to consider when buying a renovated home, the importance of engaging a project manager, various building codes, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Identifying potential-rich properties [03:26]
- Adding more than just monetary value to a home [09:53]
- Why every renovation should have a project manager [14:50]
- Paying attention to building codes [21:19]
- What to look out for when buying a renovated home [25:42]
- The additional cost of renting while renovating [30:44]
- Making the choice between renovating and buying a renovated property [32:35]
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!
See omnystudio.com/listener for privacy information.
Should you even think about buying your first home when we’re in the middle of uncertainty post market boom? – As usual, there’s no straight answer.
In today’s show, we’re talking about the ‘buy or rent’ debate: Why buy when you can rent? Why rent when you can buy? – But ultimately, you decide where you stand…
We also take a look at lessons we can learn from stock trading, what your decision may entail a few years down the line, things to consider before making the decision, and heaps of other valuable nuggets!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- The WORST reasons for renting a house [04:07]
- Why trying to time the market is a bad idea [07:54]
- The hurdle that forces people to rent [10:08]
- Motivators that convince people to buy property [14:41]
- Why owning a home is worth it down the line [17:57]
- Learning from other people’s buying mistakes [21:59]
- What to do before deciding to buy or rent [25:50]
Links from the Show:
- Elephant in the Room Ep 237: Escaping Australia's Rising Interest Rates & Falling House Prices
- Ep 79: Losing Money on Your First Home: Lessons Learned
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!
See omnystudio.com/listener for privacy information.
The question always goes “Should I buy a house or an apartment?”
But few first home buyers think about the ‘in between' option that’s well worth considering – townhouses.
In today’s episode, we’re taking a look at the pros and cons of buying a townhouse versus an apartment.
We also talk about your unique ‘3Ps’, making decisions based on your lifestyle and future plans, finding a ‘unicorn home’, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- The difference between apartment units and townhouses [05:40]
- Shortage in townhouse supply [09:11]
- Why looking for a ‘unicorn home’ is a bad idea [11:54]
- Pros of getting a townhouse [16:42]
- Strata rules that benefit the antisocial homeowner [20:18]
- Why getting an apartment could be the right choice [23:29]
- Making the choice between units and townhouses [26:51]
Links from the Show:
- Ep 38: House vs. Apartment: Which Should You Buy?
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!
See omnystudio.com/listener for privacy information.
In today’s show, we’re demystifying the bank valuation process.
Why do banks do valuations? How do they work? What happens if the valuation comes back lower than the purchase price?
Andrew Wheatley, owner of Wheatley Finance, joins us today to answer these questions and to share his insights on the risks of working with banks, valuing off plan property, protecting yourself from settlement risks, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights:
- Why banks need to value property [03:11]
- Types of bank valuation [09:39]
- Are first home buyers entitled to full valuations? [15:26]
- Banks, valuers, and panels [19:52]
- How valuations work in an auction [23:34]
- Issues that can come up in bank valuations [28:38]
- What to do if your property gets a low valuation [34:40]
- Understanding the risks of working with banks [39:43]
- The apartment trap [42:41]
- Bank valuations on off plan property [47:02]
- How to protect yourself from settlement risks [54:18]
About our Guest:
Andrew Wheatley is the owner of Wheatley Finance. He is fascinated (obsessed is probably a better term) with how mortgages work. A key goal of Wheatley Finance is to help people change a couple of small things in the way they interact with the banks, that can have hugely positive impacts on their finances.
Links from the Show:
- Wheatley Finance Website
- Home Buyer Academy FREE Mini Course
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!
See omnystudio.com/listener for privacy information.
Today, we’re breaking down a 2021 article with this heartbreaking headline: “Sydney building ‘nightmare’ set to cost first home buyer her life savings”
What went wrong?
We’re running through what happened, what the developer and builder did, and ultimately, how it could have been avoided.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Horrific findings from the pre-settlement inspection [03:37] Plumbing works signed off by electricians, and other dodgy stuff [08:34] Discovering altered documents and developer denials [12:12] The problem with off plan purchases [16:48] Why buyers should do extensive research on the developer [20:21] The Mascot towers fiasco [24:35] Risk management and hiring an expert [26:04]
Links from the Show: Ep 60: Should First Home Buyers Buy Off the Plan? Ep 81: Climate Change & Property Insurance Ep 56: Proper Due Diligence for Buying Strata Properties Elephant in the Room Ep 176: Developers are in the Government’s crosshairs
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!
See omnystudio.com/listener for privacy information.
Shifting and extreme weather events have left many people’s homes either flooded or completely destroyed. What does this spell for first home buyers?
Today, we’re exploring the long-term impacts of climate change on your ability to insure your home now or in the future.
We talk about what has changed in the insurance industry after recent catastrophic events, getting the right insurance for your home, why insurance prices are becoming unaffordable, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Why getting the right insurance for your home matters [04:24] Should you adjust your home insurance for climate change? [06:54] Australia is becoming an ‘uninsurable’ nation [10:51] Is the property you want considered ‘high risk? [14:20] Climate risk map of Australia [16:42] What will happen if insurance becomes unaffordable? [18:59]
Links from the Show: One In 25 Australian Homes Uninsurable By 2030 Climate Risk Map of Australia
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!
See omnystudio.com/listener for privacy information.
We know the media love a good, attention-grabbing headline – but they are not wrong when they talk about Australia’s rental crisis.
Today we’re talking about the rental crisis of 2022 – the decisions and circumstances that led to the current lack of supply, how migration plays a part in overall demand, what options we have to fix the problem, and more.
Tune in until the end to find out the secret to building your property wealth!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: The rental crisis is REAL [03:42] Rental crisis breakdown: Supply [06:56] The 2019 election threat to negative gearing [13:11] Beginning of market uncertainty [16:18] What led to the shortage in long-term rental properties? [20:55] New tenancy legislations vs property investors [23:34] Migration’s role in the rental crisis [28:05] The need to secure more rental property [34:29] A look at property ownership stats [39:20] Encouraging investor activity to boost the rental market [41:43] Insights on Australia’s Build to Rent sector [44:19] The secret to building your property wealth empire [48:47] How stamp duty impacts first home buyers [51:09]
Links from the Show: Queensland couple ‘shocked’ by loss of dream home
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!
See omnystudio.com/listener for privacy information.
People LOVE to talk about their success stories — but their failures? …Not so much.
In this episode, we’re getting a glimpse of what went wrong for one first home buyer. Mel from Melbourne shares her unexpected property journey, mistakes along the way, and how she plans to get back up the ladder.
What happens when you fall into FOMO? Is there such a thing as a ‘bargain’ home at face value? Should you listen to others’ success stories? – We cover these questions, and heaps more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Mel’s first home purchase: A case of FOMO [03:21] Getting enticed by agents [05:38] Trapping yourself in a ‘bargain’ home [09:46] Lack of property research: The potential dangers [14:46] Thinking long term when buying property [17:36] Take two on being a first home buyer [19:14] Should you listen to other ‘successful’ homebuyers? [25:27] Lessons learned after losing on first property [31:04]
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!
See omnystudio.com/listener for privacy information.
Today we take a look at a headline that caught our attention back in 2022.
A Queensland couple lost their home after the developer invoked the sunset clause – abruptly ending their contract.
What in the world happened and what can YOU learn?
We talk about sunset clauses – what they’re used for, why it’s unfair for first home buyers, how developers use them to their advantage, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: What are Sunset Clauses? [02:57] The unfairness of developer contracts [08:22] How sunset clauses protect developers and misguide home buyers [10:54] When construction delays are considered ‘illegal’ [14:44] The lesson with sunset clauses [18:20]
Links from the show: Queensland couple ‘shocked’ by loss of dream home Ep 62: Should First Home Buyers Buy Off the Plan? Ep 23: Questions You Must Ask Your Conveyancer with Jennie Tonner
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!
See omnystudio.com/listener for privacy information.
Talks on the housing affordability crisis have escalated with the release of the Falinski report followed by the election and various pitches to first home buyers.
In this episode, we’re talking about some of the recent government and private initiatives aimed at “helping” first home buyers.
Are any of these co-ownership schemes and deposit accelerators worth considering? Who’s really benefiting from these initiatives? We cover these and heaps more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Is the government REALLY helping First Home Buyers? [03:05] Labor’s Shared Equity Scheme: What’s it about? [08:16] Risks of co-owning with the government [13:22] Victoria's Homebuyer Fund [19:30] Are government housing initiatives worth exploring? [24:48] Melbourne-based private initiatives [28:54] Is the First Home Buyer Deposit Scheme effective? [33:00] Western Australia’s Keystart Home Loans [38:59] Should you consider private housing initiatives? [42:47]
Links from the show: Ep 6: The True Cost of First Home Buyer Incentives Will the first home buyer deposit scheme drive up house prices? Shared equity is a start, but fixing the housing crisis requires more ambition Victoria’s Homebuyer Fund Western Australia’s Keystart Program Property Collectives Nightingale Housing Assemble Futures
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!
See omnystudio.com/listener for privacy information.
Let’s face it… Home ownership has become a challenge in the past few years.
What should first home owners prioritise – the deposit, or paying off the mortgage? Is it enough to have a huge amount of money in the bank? Should you take a second or third job?
Today, we talk about the importance of balancing your income and savings as we dissect an article on how much you need to afford First Home Guarantee – we’re covering the risks of having a low deposit, why you need a buffer, losing money in a rising market, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: How your deposit affects your home loan [03:44] Should you save more, or earn more? [08:13] Is it possible to lose money in a rising market? [12:20] The salary you need to afford First Home Guarantee [15:26] What first home buyers need to focus on [19:23] Can you rely on savings or inheritance alone? [22:34]
Links from the show: Shocking salary you need to afford First Home Guarantee
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!
See omnystudio.com/listener for privacy information.
We love answering your real estate questions. And this week, we’re responding to what some of our members and listeners sent in!
We’re covering the ins and outs of rentvesting, avoiding the ‘easy to buy, hard to sell’ trap, understanding the conveyancing process, how zoning works, and more!
Listen in and see if you have any similar queries answered!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: How does rentvesting work? [03:36] Capital gains tax on rentvesting [09:01] Avoiding FOMO in a hot market [12:29] Determining property value [17:17] Figuring out the causes of growth in a suburb [20:41] Judging a B Grade property in an A Grade location [22:49] The property conveyance process [25:16] Identifying an excellent conveyancer [29:21] What happens to depreciation when selling negatively geared property? [34:51] Land zoning explained [36:59]
Links from the show: Your First Home Buyer Guide Course
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!
See omnystudio.com/listener for privacy information.
Today, we’re following another one of our Home Buyer Academy students’ successes!
Jackie shares how she moved to Australia from Canada and bought a home with her Australian husband for their young family in a regional area in Victoria.
We cover what she did to save up for the deposit, how she backed out from a purchase deal after inspecting a shoddy house, when she finally found the perfect home for her family, and heaps more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: The start of Jackie’s home buying journey [03:32] Buying a house in the middle of the pandemic and price rises [07:00] How Jackie saved up for the house deposit [10:06] Backing out of a purchase deal after the building inspection [13:09] Jackie’s family’s move from Canada to Australia [16:58] How long Jackie took to find the perfect property in regional Australia [21:13] The advantage of knowing what you want before making an offer [24:40] Why missing out on some auctions can be a good thing [27:20] Takeaways from the Where To Buy Workshop [29:17] Jackie’s thoughts on the Your First Home Buyer Guide Course [34:10]
Links from the show: Your First Home Buyer Guide Course ‘Where to Buy’ Workshop
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!
See omnystudio.com/listener for privacy information.
Saving up for a deposit on your first home can take years. So… When is the best time to start learning about the process of buying?
How do you make sure that what you learn is not outdated? At what point is it too late to educate yourself? Who should you ask help from?
If you’ve been wondering when to do the Your First Home Buyer Guide Course, then this episode is for you! We’re giving you a sneak peek at what you’ll be learning, what some of our students have done to succeed, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Building your real estate support crew [04:16] Don’t wait until you’ve missed out on an auction [07:41] Revising and correcting your property search journey [10:16] Working out the right path for your property search [14:36] Why buying a house a huge commitment [16:13] The value of taking the time to educate yourself [19:58] Asking help from the wrong people [22:22]
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!
See omnystudio.com/listener for privacy information.
Making an offer on a property can be an exciting and scary experience… But it doesn’t have to be crazy!
Today, let’s talk about the crazy mistakes first home buyers make when making offers.
We cover the importance of getting a real estate team, the limits of a buyers agent’s role, and first home buyer stories & experiences that will make you giggle, but you definitely should not copy!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Asking the seller their reason for selling the property [03:34] Getting property advice from… Dad [08:28] Why getting a real estate team is important [10:18] Cornering yourself into buyer’s remorse [14:16] Making an early offer on a property [15:36] Not being prepared to engage in the market [20:25] Relying on the agent to coach you through the process [24:50] Is knowing how to make an offer enough? [27:53]
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!
See omnystudio.com/listener for privacy information.
Here’s a topic we wish we didn’t have to cover… But it’s so important – how floods affect property prices.
Should you consider buying property in a flood zone? How do developers and real estate brokers sell properties in a floodplain? How do you time your way in this specific market?
Join us as we talk about Australia’s flood statistics, the Brisbane floods, the importance of due diligence when looking at properties in a flood zone, and heaps more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Australia’s flood data and statistics [04:41] Can good properties outlast memories of the flood? [06:44] Why learning all you can about the property market is important [13:25] Timing your way into the property market [15:51] Should you buy property in a floodplain? [20:16] How floods affected the Brisbane properties [24:30] Is now the time to buy “bargain” property in Brisbane? [28:21] Doing your due diligence when looking at flood zone properties [31:43]
Links from the Show: Ep 40: How Can You Identify A, B, and C Grade Properties? A River with a City Problem by Margaret Cook
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!
See omnystudio.com/listener for privacy information.
How do you brave the storm and buy a house in the middle of rising property prices?
In today’s episode, Alice and Mike, two of our Home Buyer Academy graduates, share how they cut down costs to save up for a deposit, searched for a house during a highly competitive time in the market, and how they ended up with the rustic home of their dreams!
How do you find the perfect property during the property price hike? What opportunities do you get outside the city? How knowledgeable should you be before buying? We cover these and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: The beginning of Alice and Mike’s property journey [03:53] Saving up for the deposit [05:08] How Alice and Mike started learning about property [09:12] House searching in the middle of rising property prices [12:31] Looking for property in a competitive market [15:41] Alice and Mike’s property must-haves [22:04] Adjusting to a lifestyle away from the city [28:19] How Alice and Mike found ‘the one’ [29:46] Alice and Mike’s advice for first home buyers [33:55] How doing the course helped Alice and Mike’s property search [35:19]
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!
See omnystudio.com/listener for privacy information.
Is a buyers agent worth the money?
In today’s episode, we follow one first home buyer’s journey – who, from the very outset, decided to use a buyers agent.
Sarah shares the circumstances that led her to want her own home, what she did to save up for a deposit, her search for the right buyers agent, and how she ultimately sealed the deal on a nice villa!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: A little bit about Sarah… [03:32] How Sarah saved up for a deposit [08:52] Sarah’s search for a buyers agent [12:13] How Sarah set (and achieved) her property goals with a buyers agent [17:28] Sarah’s property expectations vs reality [20:24] How using a buyers agent changed Sarah’s property search [23:49] Lessons from the property search [27:59] How Sarah’s buyer’s agent supported her during the purchase process [30:33] Sarah’s advice for first home buyers [38:12]
Links from the Show: Spring Buyers Agency
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!
See omnystudio.com/listener for privacy information.
It takes a looong time to save up a deposit for your first home. And often, homebuyers wonder when it’s time to go from ‘saving mode’ to ‘searching mode’.
Are my savings enough to cover the deposit? Are my property expectations and expected living conditions in order? Am I comfortable dealing with real estate agents? – these are just some of the questions you, a first home buyer, should be asking yourself!
In today’s show, we’re running through 10 things that will help you know when you’re ready to buy your first home!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Knowing how much money is needed for the deposit & purchase costs [04:48] Understanding when it’s a good idea to pay Lenders Mortgage Insurance [06:33] Knowing how low interests affect features [07:47] Being aware that not all properties go up in value [09:40] Looking ahead on your living conditions [11:44] Working out the right price to pay [14:58] Engaging with a lawyer or conveyancer [16:02] Dealing with and trusting sales agents [17:37] Researching your due diligences [19:55] Being confident in negotiating [23:49]
Links from the Show: First Home Buyer Readiness Scorecard Episode 67: How to Deal with Real Estate Agents
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!
See omnystudio.com/listener for privacy information.
What’s one major thing first home buyers complain about? – Real estate agents.
Not all real estate agents are shonks… But some are! And in this episode, we’re giving you tips for dealing with them.
What are the boundaries of a real estate agent’s job? What is underquoting and why is it an issue in the property market? How do you address an agent’s bluff? What’s ‘gazumping’? We answer these questions and more in this episode!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: What makes a ‘good’ real estate agent? [03:38] On underquoting and why agents do it [07:22] Underquoting legislation (and sneaky ways around it) [13:37] Your role as a buyer when dealing with agents [18:35] How to know when an agent is ‘fishing’ for offers? [22:23] Not all real estate agents are shonks… [25:03] Is your agent bluffing about another offer? [27:00] Why NOT to buy B and C grade properties in a flat market [30:41] What is ‘gazumping’? [34:08]
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!
See omnystudio.com/listener for privacy information.
How do you conquer that first home purchase?
In this episode, we’re joined by Kristy – one of our Home Buyer Academy students – as we talk about saving up for a deposit, making (and refusing) compromises when looking for property, dutch auctions, and heaps more!
Kristy shares the lessons she learned along the way, mistakes she made and avoided, and how she ultimately sealed the deal!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: When Kristy first decided to buy property [03:50] Saving up for a deposit & letting go of free money [06:50] Are banks’ property forecasts and media headlines reliable? [11:50] Valuable lessons from Home Buyer Academy [17:03] When to make compromises when looking for property [19:12] On scarcity and looking for a unicorn [26:58] Kristy’s property auction experience [29:57] Dutch auctions and getting played [37:50] Avoiding messy contracts [42:22] Kristy’s advice for first home buyers [46:58]
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!
See omnystudio.com/listener for privacy information.
Is it a good idea to put your property search on hold when bank forecasts and headlines are predicting a real estate price crash?
Today we’re talking about the property cycle and taking a look at case studies from previous peaks and troughs to navigate the real estate market.
What is the property clock? How do you work your way through an unpredictable market? Can you really ever find the right timing to buy property? We answer these questions and more in this episode!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Is it a good idea to wait and buy when property prices fall? [04:21] The property clock and how it works [07:47] Why property transactions are increasing [12:18] How the mindset around owning property is affecting the market [14:21] The unpredictability of the property market [18:26] Finding the right timing when buying property [23:21] Price vs asset: Which has a bigger impact? [27:22] The Lilyfield case study [28:41]
Links from the Show: Veronica Morgan: Why waiting for prices to fall is dangerous Buyers who swam against the tide after the GFC. Seasonal Sydney property cycle. Missed opportunity prior to 2013-17 boom. Here’s proof Sydney house prices have stopped falling!
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!
See omnystudio.com/listener for privacy information.
There’s much to learn in real estate and property investment – and we’re sharing some of those lessons with you in this episode!
Whose advice should you lean on when considering property to buy? What factors should you study when choosing property? How do you avoid overthinking and getting analysis paralysis?
We cover these questions and more as we talk about the role of emotions in investing, understanding the process before buying property, and other standout lessons our successful Home Buyer Academy students have learned!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Knowing where to get property advice and avoiding FOMO [04:27] Understanding the process before you buy property [06:41] Important aspects involved when choosing property [09:26] Avoiding analysis paralysis [14:38] The right metrics when considering property in the suburbs [17:31]
Links from the Show: Ep 18: How To Overcome Your Fear Of Paying Too Much! Ep 31: Signs You’re Just Not Ready To Buy A Property Just Yet! Ep 42: Lessons & Experiences From A First Home Buyer
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!
See omnystudio.com/listener for privacy information.
Do you know where every cent of your money goes monthly? If the answer is no, then you probably need to create a system that helps you manage your hard-earned cash.
How can we best plan for rising interest rates in 2022? What are the factors we should consider when allocating money? When is the best time to review our finances?
Terry Condon of The Cashflow Co. joins us in this episode as we discuss sustainable cash flow management practices, the importance of upskilling, finding the balance between spending and saving, and much more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: The idea behind the money mentorship program [03:37] Saving money vs expanding your skills [06:48] Focus on your spending instead of saving [10:50] Fund your life goals [14:10] Don’t automate your money [20:55] Mapping your money for the month [22:19] Allocate old money [27:05] The side effect of allocating money from the previous month [30:37] The Hawthorne Effect in real estate [35:07] How couples benefit from a positive mindset on money [40:05] Review your money monthly [43:21] Use real numbers when allocating money [46:59] Finding the balance between living now and planning for the future [49:09] What Terry wishes he knew when he was a first home buyer [54:49] The value of knowing real estate insiders [01:00:30]
Links from the Show: www.cashflowco.com.au Episode 197: Challenging Notions About Money, Property & Success Listen to the Passive Income Project
About our Guest:
Terry Condon is the Chief Education Officer at The Cashflow Co., a money mentorship program, and co-host of the Passive Income Project podcast. He’s driven by the idea that financial intelligence and emotional intelligence can enable most Aussies to build a rich life.
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!
See omnystudio.com/listener for privacy information.
First home buyers are often tempted into purchasing Off the Plan property – after all, brand new means problem-free, right? Well, it’s a lot more complicated than that.
You can’t see, touch, or feel something that isn’t built yet and there are a lot of risks that you have to consider before getting anything brand new.
Today, we’re sharing some real-life examples of what could go wrong when you buy Off the Plan property, what in the world are sunset clauses, when is the best time to buy property, what to do when you get low valuation, and much more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: “Brand new” does not mean “no problems” [03:17] Understanding Off Plan contracts [07:51] What are sunset clauses in property contracts? [11:31] Potential financial losses when buying your first property [16:56] What happens when your valuation is lower than expected? [20:22] Keeping track of the market and peak seasons [25:00] The worst decision first-time home buyers make [30:04] The (unpleasant) ways out of low valuation [33:39] Should you take advantage of government incentives? [39:30]
Links from the Show: The True Cost of First Home Buyer Incentives #6 Property investors lose hundreds of thousands of dollars through unregulated real estate advice What if your off-the-plan unit loses value before it’s finished? Off-the-plan apartments fall in value leaving buyers short-changed as COVID-19 hits Melbourne buyers face valuations shortfall
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!
See omnystudio.com/listener for privacy information.
Finding the right property is a huge undertaking as it is, and in a rapidly rising market, it gets a little more complicated.
We’ve had our fair share of experiences and heard stories from clients who have made mistakes (and regretted them) after the fact, so today, we’ve listed down the top 5 mistakes you need to avoid in a quickly progressing market.
We tackle grants, auctions, taking too long to decide on a purchase and indecision, supply and demand, and much, much more.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Delaying your entry into the market hoping prices will go down [04:34] The mistake of taking too long to decide [09:27] Using grants to determine what property you’re buying [15:17] Being too fussy & making the wrong compromises [18:43] Finding control by learning the right process [25:40] Is the lack of supply really the cause of your indecision to buy property? [26:28] Offering too much or too low for a property in auctions [28:18]
Links from the Show: Auction Ready by Veronica Morgan YFHBG course Ep 024 - How to Make Auctions Not So Scary Ep 037 - How to Master Online Auctions How to Price your Property Workshop
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!
See omnystudio.com/listener for privacy information.
The word “insurance” usually gives people the wrong idea - it’s either boring or it’s too serious and heavy to handle on a normal day.
In the property space however, it is more than crucial to have insurance and today, we learn all there is to know about getting insured and making sure you have the right one for you!
Craig Bigelow of Via Financial Group joins us as we tackle insurance for homeowners (and non-homeowners too) - why you NEED to protect your income, how you can afford to get insurance, lender’s mortgage insurance (and what it actually does), and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Meighan’s featured house for the episode [02:13] Why do you NEED to have insurance (homeowner or not)? [04:27] How first home buyers can afford to insure their income [08:52] Income protection, trauma, TPD, life insurance & more [12:05] Poor finance (& no insurance) can lead to a multitude of stresses [16:38] Is there something that protects the borrower in a lender’s mortgage insurance? [20:30] Two types of income protection insurance [25:24] Getting insurance is not a “set and forget” strategy [29:26] The cost of buying too much insurance (or not getting any then needing it) [33:47] What Craig knows now that he would’ve wanted to know at the start [39:33]
Links from the Show: Handy tools to help you figure out insurance as a first home buyer!
About our Guest:
Craig Bigelow is the Head of the insurance team at Via Financial Group, also while providing personal insurance advice as part of the broader group. He has spent the last 17 years working in the Financial Services space and because he knows some people may find insurance “boring”, his goal is to make sure you know what’s important and that you have the right amount of insurance at all times.
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!
See omnystudio.com/listener for privacy information.
Knowing the steps to take when purchasing a property is great. But chances are, you’ll still find yourself in a mess or losing your hard-earned money if you don’t know how to do it in order!
While experience is the best teacher, we can’t let you make the same mistakes first-time property buyers often make.
So, in this episode, we’re going to talk about everything you need to be aware of and the significance of getting the order of events right when purchasing a property. We’ll also give you a rundown of the ten steps involved in the P.A.C.E. system.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: The dome village in Indonesia [02:02] Getting to know the P.A.C.E. system [04:47] Common mistakes property buyers make (that you may not be aware of) [05:40] Don’t get the purchasing process in the wrong order [09:38] Why is it a must to have a support crew lined up? [12:32] Making sure you have enough finances for the purchase [16:55] Creating a plan that works [18:34] Searching and inspecting [20:29] What to do when your property plans don’t go the way you’d hoped [22:07] Understanding the different methods of sale [24:32] Doing due diligence is part of your responsibility [27:24] Reading and comprehending contracts before signing them [31:06] Having the upper hand in the negotiation process [35:07] Settlement at last! [38:41]
Links from the Show: Episode 56: Proper Due Diligence for Buying Strata Properties (with Nicole Johnston) Episode 58: How This Family Could Have Avoided Losing Their Entire House Deposit Episode 30: Where Do You Start with Due Diligence? Grab your copy of Auction Ready: How to Buy Property at Auction Even Though You’re Scared S#!TLESS by Veronica Morgan
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!
See omnystudio.com/listener for privacy information.
In December, one headline sent every homebuyer in a state of fear: ”weird detail in contract let sellers keep Victorian family’s $320k house deposit”.
Is it really that detail that made them lose their money? Or was it just a mistake they could’ve avoided had the right process been taken?
Today, we’ll dig deeper into that news story, study every aspect of the transaction, and understand why the Victorian family lost their money. We’ll also discuss the steps you need to take to not experience the same misfortune and what you should do before buying a property.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: The weird building in China [02:35] Setting the background: What happened last May 2019? [04:44] The risks of having a long settlement on your property [06:27] Why you should get legal advice before signing a contract [07:59] The problem with making decisions based on emotions [10:39] Knowing what you don’t know [14:06] Build your team and don’t just rely on online calculators [16:43] The Dangers of Skipping Steps in the P.A.C.E. system [18:42] Not all properties are equal [22:51] Was there really a weird detail that cost them their house deposit? [26:57]
Links from the Show: ‘Weird’ detail let sellers keep Victorian family’s $320k house deposit
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!
See omnystudio.com/listener for privacy information.
Changing for the better is good, but is suburb gentrification as promising as it sounds?
As years pass, suburbs may transform due to a new class of people moving in the area. When this happens, what do current inhabitants and property buyers need to be really careful about?
Today, we have Peter Koulizos of The Property Professor to help us learn more about suburb gentrification and its indicators. Plus, we discuss how first home buyers can make better decisions when they have enough information about gentrification, warning signs to be aware of, and the basics of urban renewal.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Meighan’s featured property for this episode [02:18] What is suburb gentrification? [04:43] Renovating historic buildings [06:13] The big difference between urban renewal and gentrification [10:13] Factors to look for as evidence that an area is gentrifying [12:56] Why are single people & couples with no kids an indication of gentrification? [18:19] How long does suburb gentrification take? [25:16] Making better decisions with information about gentrification [27:07] Location is important [31:26] Is the gentrification process in cities the same as regional towns? [34:27] Warning signs to look out for [37:47] The earlier you own a property, the better [39:36]
Links from the Show: Gentrification Thesis:https://www.researchgate.net/publication/305390186_Are_there_indicators_that_can_be_used_as_predictive_precursors_to_identify_gentrification_within_an_area The ABC of Gentrification:https://www.propertybuyer.com.au/blog/the-abc-of-gentrification Gentrification coming to these suburbs in your city:https://www.australianpropertyjournal.com.au/2018/06/18/gentrification-coming-to-these-suburbs-in-your-city/ The three C’s – Cars, Coffee, Canines:https://www.realestate.com.au/news/the-three-cs-cars-coffee-and-canines/ Episode 9: What Is the Importance of a Borrowing Strategy: https://homebuyeracademy.com.au/podcasts/009 Take our Where to Buy Tutorial: https://homebuyeracademy.com.au/workshop
About our Guest: Combining the theory of property investment with more practical aspects, Peter teaches people how to have property investment success. Peter also researches property markets around the nation, looking for the best investment suburbs in each capital city. Specialising in property valuation and property economics, he not only has personal investment experience but also holds a teaching degree, Graduate Diploma in Property and Masters of Business (Property).
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!
See omnystudio.com/listener for privacy information.
Did you know that buying a strata property is significantly different to buying a stand alone house?
So what’s the difference? What level of due diligence should you have when buying strata or community title property? Are there more risks involved?
Today, we talked with Dr.Nicole Johnston, a senior lecturer and researcher at Deakin University, about her experience and knowledge on buying strata properties. We covered factors you need to look at when considering multi-owned property, the risks involved, and what you should do before making an offer.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: What does it mean to own a property that is not on individual title? [03:14] Reasons states and territories have different legislations [06:00] What should you look out for when buying strata properties? [11:18] Factors you should consider when buying multi-owned property [15:54] Massive conflict in a strata meeting [20:23] Read and inspect the disclosure information, contracts, and records [24:58] Relying on a lawyer or conveyancer to check the records [29:07] Legislations that protect property buyers [34:58] Investigate more thoroughly before buying a property! [36:55] Nicole’s learnings after buying her first strata title apartment [41:00]
About Nicole:
Dr. Nicole Johnston is a Senior Lecturer in the Department of Finance in Deakin Business School and a socio-legal researcher focusing on multiple aspects of multi-owned properties (strata title, condominium, apartments) including governance, conflicts of interest and legal relationships.
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!
See omnystudio.com/listener for privacy information.
Buying properties will always entail risks and rewards. But do you know how to make the most of your investment?
We hear you! If you’re not quite sure what to do when buying a property, this episode will shed light on your path.
Today, we will answer the questions we’ve compiled from first home buyers, which can help you, too! Here, we talk about buying rental properties, property grades, finding the right local solicitors & inspectors, and other general topics you can surely learn from.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Buying property for future rental income rather than capital growth [03:05] The flyers, floaters, or flops in property - what should you do with them? [08:29] When is it worth using a buyer’s agent? [12:24] What should you do with your money or savings? [13:51] Property investment grades A, B, and C [20:14] Finding local solicitors & building inspectors [22:43] Buying townhouses in the city vs buying a house on the outskirts [29:26]
Links from the Show: Episode 40: https://homebuyeracademy.com.au/podcasts/040
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!
See omnystudio.com/listener for privacy information.
Lucky are the people who get everything right on the first try—be it in purchasing a property or renovating one.
But again, wisdom comes with experience and learning from your mistakes is definitely one of the best ways to gain it!
Today, we’re going to talk about Veronica’s journey on her first property renovation: what she did right, where she went wrong, and how you can learn from her experience. We also discuss which factors you need to consider before purchasing a house, funding mistakes to avoid, and more valuable property lessons!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Meighan’s last renovation project (and featured property) [02:03] Why did Veronica decide to buy a house to renovate? [03:13] Mistakes you should avoid when purchasing a property [04:48] What Veronica didn’t do during her due diligence [10:06] Checking if the property is outside a danger zone [11:27] Knowing where your boundary is through the fence line [14:57] The architect designed plans vs what the builder needs [18:24] You must visit and measure the property before renovating! [23:09] Learning from Veronica’s mistakes in funding [25:53] Listing her property [32:52] What makes an expert? [37:04] A little knowledge is more dangerous than having none at all [38:18]
Links from the Show: Episode 9: What is the Importance of a Borrowing Strategy? Episode 48: What You Need to Know Before Buying Property to Renovate with Rebeka Morgan
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!
See omnystudio.com/listener for privacy information.
Wouldn’t it be great to just have a checklist to refer to when you want to buy property? How about one that’s specifically for 2022?
Today, Veronica interviews co-host Meighan and guest Jarrod McCabe of Wakelin Advisory to dive deep into what you should expect in the three biggest property markets in Australia. We cover the relocation trend in Queensland, clearance rates, auction campaigns, and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: How is the Melbourne property market doing after its 6th lockdown? [02:51] Clearance rates in Melbourne [06:32] What if you can’t use clearance rates to measure the market? [08:09] The relocation trend in Queensland [12:22] How long did Brisbane’s 2002 property boom last for? [15:43] How will Sydney & Melbourne’s property markets open up in 2022? [18:42] How to plan your auction campaign (for sellers) [23:11] What to expect in the Sunshine & Gold Coast markets in 2022 [24:34] Will the 2022 Melbourne & Gold Coast markets be similar to this year’s? [29:15] Practical tips for buying property in 2022 [35:21] How to get ready to buy in 2022 [39:14]
Links from the Show: Episode 40: How Can You Identify A, B, and C Grade Properties?
About Jarrod
With more than two decades in the property industry – across valuations and investment advisory – Jarrod McCabe has shaped a skillset that delivers for clients. His background in valuations underpins a keen sense of what makes a good investment. And combined with a tremendous depth of contemporary knowledge about the Melbourne inner suburban market, Jarrod brings a confidence-born-of-experience to negotiations that makes him especially effective in these high-pressured moments.
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!
See omnystudio.com/listener for privacy information.
This may come as a little bit of shock, but property data can’t be your only basis for making decisions!
Plenty of property buyers turn to data to help them decide on a purchase and while it’s a great move, not all data is useful - some can send you on a wild goose chase!
Today, we cover the data and factors that investors often overlook. From median price growth ‘top 10 lists’, buyer behaviour, to the socioeconomics of an area, we tackle a number of factors that can help you decide where to buy (and what data to be wary of)!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: The property market [02:07] Importance of understanding the data presented to you [04:48] Is it safe to base your decisions on the median price? [05:13] Price segmentation tool [09:51] Essential data that property investors often overlook [13:33] Taking a look at the ‘green space’ of an area [16:53] Checking the availability of public transportation [20:40] The behaviour of buyers, renters, and owners [24:30] The impact of socioeconomics in an area [29:21] Our Where to Buy tutorial [33:42] What property data doesn’t tell you: a review [34:31]
Links from the Show: How to Lie with Statistics by Darrell Huff Suburb Trends Where to Buy Tutorial (for Investors)
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!
See omnystudio.com/listener for privacy information.
If you’ve always doubted that getting into a competitive property market as a beginner was possible, we’ve got the perfect case study to prove you wrong!
Former Home Buyer Academy student Anthony lets us take a peek into his property journey, sharing how he was able to save for a deposit, his property misses and how he recovered, how he worked out the price to pay for his property and more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: Anthony’s property situation when he met Veronica & Meighan [02:19] How was he able to save so much money for a deposit? [06:35] Experiences that led him to buy an apartment [08:10] Advisers Anthony had to support him through his journey [08:56] His property misses & what he did about it [12:06] Anthony’s “Aha!” moment that prompted him to change his strategy [15:34] What led him to the asset he eventually bought? [17:11] Knowing what to look for & honing in on the finer details [22:20] How long did his first home buyer journey take to start? [24:55] What his parents think of his property choices & journey overall [25:42] How this first home buyer works out the price to pay for his property [27:04] One great piece of advice to help first home buyers on their property journey [31:36]
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!
See omnystudio.com/listener for privacy information.
Headlines dominating the property news always use two powerful words to grab the market’s attention: BOOM and DOOM.
But how can you see through the data and make better property decisions based on it?
Today, we have data guy and host of Walk the World Martin North to talk about the world of data analytics and the importance of data-based decisions.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: “The House on the Rock” [02:50] The 40% drop in Australian property prices explained [04:15] Events that may lead to significant losses in the property market [09:49] How can first home buyers use data from granular level research? [13:56] Taking a look at mortgage stress [15:45] Socio-economic factors that may affect mortgage stress [20:26] The importance of seeing through the property data presented [26:29] Martin’s observations of the property market industry [29:21] What if you bought a property that wasn’t quite right? [33:02] What’s the REAL definition of affordability for first home buyers? [35:53] Borrowing less than what your bank can lend you [40:04] More people who are heading to retirement have mortgages [44:42] What should first home buyers know about agents? [50:36]
Links from the Show: Walk the World YouTube Channel Is Australia Ready to Reopen? - Brendan Coates (The Elephant in the Room Podcast)
About Martin:
Martin North is the founder of Digital Finance Analytics, a boutique research, analysis and consulting firm that specialises in offering insight into the dynamics of the mortgage, lending, savings, payments and superannuation sectors.
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!
See omnystudio.com/listener for privacy information.
Did you know that the “bank of mum and dad” is now the 9th largest lender in the country?
With this option front and center, it’s incredibly important to know how the whole process works and what kind of agreements first home buyers can enter into.
We’re joined by Barry Frakes of Australian Family Lawyers as we uncover what needs to be discussed when it comes to borrowing from the bank of mum and dad, from setting up a good agreement, preventing family frictions in case something goes wrong, and what to do if it does happen.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: What is “the bank of mum & dad” and what are the options? [02:52] Veronica’s personal “ bank of mum & dad” story [04:12] What to do before borrowing from the bank of mum & dad [06:12] Preventing family frictions when borrowing from your parents [11:39] Would your parents be the first mortgagee if they’re listed as a lender? [14:50] You need a great mortgage broker to help communicate with the bank [18:18] Unclear terms of agreement cause family fallouts [22:39] Form an exit strategy at the very beginning of the agreement [28:01] What about going the co-ownership route? [32:04] The risks of following the wrong advice [35:33] Prenuptials are a good idea, but it’s not absolutely essential [40:31] How do you even begin to talk about borrowing from mum & dad? [43:22] What does Barry know now that he wishes he knew at the start? [45:24]
Link/s from the Show: Australian Family Lawyers’ legal services
About Barry:
Barry Frakes leads Australian Family Lawyers’ international strategy, leveraging his relationships and global experience to drive their growth as a premier family law firm for international family law matters and Heads our Asset Protect Division. His international focus includes the management of relationships with partner firms internationally including Stowe Family Law in the UK. Barry is also the Governor (Asia Pacific Chapter) of the International Academy of Family Lawyers.
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!
See omnystudio.com/listener for privacy information.
Buying a property to renovate might seem like a great way to get into the market, but like any other project, there’s a lot more you need to know before jumping in!
Rebeka Morgan of BuildHer Collective shares her expert intel on what to look for when buying to renovate or rebuild. We’re going to learn some of the secrets to getting a renovation right, understanding what to look for, knowing the pitfalls to avoid and heaps more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We’ll see you on the inside!
Episode Highlights: The Hobbit House in Wales [02:40] The biggest renovation mistake first home buyers make [03:42] What can first home buyers do to add value to a reno property? [06:23] Have a master plan for your property before spending on anything! [08:43] How to avoid over-capitalizing on a reno property [13:00] A process first home buyers NEED to follow to avoid pitfalls [17:09] Getting financed by banks for your DIY reno project (plus an alternative) [20:30] Consider these when rebuilding vs renovating [24:53] Between a pool & an outdoor area, which one will buyers rate higher? [34:21] Be cautious of property issues you can & can’t overcome [38:20] Make sure you research well before you buy [42:03] Can first home buyers do property renovations without professional help? [43:34] Use BuildHer Collective templates for better overview of your reno [47:01] The story of Veronica’s most recent build [49:10] When does the planning phase actually start? [51:02] What is something you wish you knew as a first home buyer? [52:41] What Veronica learned in her first reno project [55:38]
Links from the Show: Visit the BuildHer Collective website Episode 14: Questions You Must Ask Your Building Inspector
About Rebeka:
Rebeka Morgan is one of the Founders of the BuildHer Collective. She’s spent the last 14 years in the building industry in various management roles initially focusing on commercial construction where she was general manager of a commercial building company & more recently, Rebeka has been successfully redeveloping residential properties, which have broken sales records in Northcote. Rebeka is CEO of Beirin Projects which focuses on high end renovation and construction in the inner North.
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!
See omnystudio.com/listener for privacy information.
Have you ever considered purchasing a strata property but then got fazed by how different it is from buying a house?
There’s a whole additional layer of due diligence that needs to be done and before you get elbows deep in a property, inspecting strata records should be your first course of action.
Amanda Farmer of Your Strata Property shares her expertise in strata & community titles law. We talk about why you must start with records inspection before buying, the 4 steps she takes for a successful strata records inspection, a brief look at the 101s and much more!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We are also holding a live Where to Buy Workshop - Investor Edition later this evening, Nov 24, 2021, 7-9PM AEDT (6-8PM Brisbane time)! If you want to join us, check out the link here!
We’ll see you on the inside!
Episode Highlights: The Rollercoaster Apartments in Vietnam [03:52] You must always start with the inspection of records before buying [05:30] Strata 101 for first home buyers [06:21] How do you know if the records you’re getting are complete & correct? [10:16] Who makes up the body corporate of strata apartments? [11:13] Why buyers MUST examine strata records [13:06] Step 1 - Request to see the records [18:04] Get advice from someone who truly understands strata [22:02] Step 2 - Understand what should be there when you inspect strata records [24:22] Why do forecasts and the capital works fund go hand in hand? [26:54] What does Amanda look for in terms of strata compliance? [32:56] Buying old vs. new buildings [34:45] Step 3 - Understand the misconceptions when it comes to records inspections [38:18] Step 4 (for owners) - Request for any missing records you want to see [44:57] Step 4 (for buyers) - Ask an adviser if record details make you uncomfortable [46:00] Don’t be afraid to invest in strata (with the right knowledge)! [48:35]
Links from the Show: Successful Strata Records Inspections by Amanda Farmer Episode 68 | How bad can things go with buying strata property | Karen Stiles, Owners Corporation Network of Australia Episode 87 | Building approvals, conflicts of interest & who’s to blame for construction issues? | Kerry Hunt, Manager Building Construction Team Episode 103 | Strata owners - rights & obligations | Amanda Farmer, Your Strata Property Episode 106 | Dodgy developers & Strata Living | Jimmy Thomson, FLAT CHAT Episode 113 | What’s behind the wall?: 85% of developments have defects | Dr. Nicole Johnston, Deakin University Episode 176 | Developers are in the Government’s crosshairs | David Chandler, NSW Building Commissioner
About Amanda
Amanda Farmer provides upfront, no-nonsense legal advice and representation via her legal practice, Lawyers Chambers. As a Fellow and Council Member of the Australian College of Strata Lawyers, she is recognised by her peers as an accomplished professional in the area of strata and community titles law. Amanda advises and represents owners, buildings, developers, strata management companies and local councils. She is also the host of the Your Strata Property podcast.
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!
See omnystudio.com/listener for privacy information.
A lot of first home buyers enter the market without knowledge of best practices, what to do first and how to do it properly.
Today, we’re joined by two first home buyers who found their passion for property after buying their first properties. They share the lessons they learned, mistakes they’ve made along the way, and whether or not they’d do everything the same way all over again.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We are also holding a live Where to Buy Workshop - Investor Edition on Wednesday, Nov 24, 2021, 7-9PM AEDT (6-8PM Brisbane time)! If you want to join us, check out the link here!
Let’s dive in!
Episode Highlights: The Cliff House concept [04:49] Where are Joe & Jef currently at in their property journey [05:49] Why they created AUS Property Investors [08:27] Joe’s first property (and why he purchased it) [10:09] One big mistake he made as a first home buyer [12:41] The mistake of focusing on cash flow [18:13] Jef’s first property buying experience [19:33] Working with buyers agents [25:57] The opportunity cost of owning an unfavourable asset [32:02] What held him back from buying property after property [34:52] When Joe realised he made a huge mistake [39:32] Did it prevent him from other investment opportunities? [41:35] Joe’s tips for a more stress-free property journey [42:03] Does location play a part in capital growth? [47:03] Jef’s second property and how he approached it differently [51:28] It’s all about the asset [56:23]
Link/s from the Show: Connect with AUS Property Investors on Facebook
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!
See omnystudio.com/listener for privacy information.
In a booming property market, people often think that prices will always go up - but that’s not really the case. Prices could actually go down despite the boom!
The property market is all about supply and demand, so if there are heaps of buyers and not enough properties on the market, prices will rise, and vice-versa. Today, we’re going to look at what factors drive property prices up and what makes them fall.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
We are also holding a live Where to Buy Workshop - Investor Edition on Wednesday, Nov 24, 2021, 7-9PM AEDT (6-8PM Brisbane time)! If you want to join us, check out the link here!
Let’s dive in!
Episode Highlights: “The Floating House” in Seattle, Washington [03:40] What influences supply in property? [06:08] The problem with having low supply in rising property markets [08:48] Financial stress & desirable yet tightly-held locations [10:11] Unpacking demand in the context of property [11:36] One powerful factor that affects demand in property [12:35] How does F.O.M.O. contribute to demand in property? [13:48] Markets can overstretch themselves & vendors can get greedy [16:29] Home buyers CAN get decision fatigue! [18:31] Prudential regulations have a HUGE impact on demand [20:54] Supply and demand creates market conditions [24:52] Why do different cities perform differently at the same time? [27:27] Appreciation of land & depreciation of buildings [29:05]
Links from the Show: What Could Make Property Prices Slow Down? Where Should You Invest?
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!
See omnystudio.com/listener for privacy information.
Did you know that spruikers can often mislead you with promises of “making quick money with massive profits” and that you can “retire at 30” through property?
Yeah, that unfortunately isn’t as easy as it sounds.
Today, we’re covering the “70-30” rule, socioeconomics, vacancy rates and more. Let’s cut the BS and talk about the real story behind investment drivers and what you truly should be focusing on when looking to buy an investment property.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
Let’s dive in!
Episode Highlights: The Igloo [02:21] Why you need a good property manager [04:27] Look at the socio-economic make-up of the area [07:11] It’s all about the people who live in the area & their income [10:26] Be aware of the demographic data of an area [13:13] The “70-30” Rule [14:12] Why this podcast was created [16:27] Check an area’s unemployment rate & mortgage stress [18:35] Spruikers and their tendency to talk about buying under market value [20:07] Measure & research vacancy rates [24:02] Study an area’s sales history and price patterns [27:42] Gentrification could be a factor for the growth of an area [28:45] Look for good evidence of change in infrastructure [33:57] Be on top of possible zoning changes [35:00] Not all infrastructure projects push through in the end [38:24] Look at the land component before you invest [39:29] Yield: an overrated investment driver [40:51] Understand where you are in the property cycle [42:53] Choosing where to invest is just the first step! [43:59]
Links from the show: Ways You Can Research Property for FREE (PDF Resource) Investment Drivers Download (PDF) Check out our Where to Invest Workshop!
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!
See omnystudio.com/listener for privacy information.
For most people, their first home is not their dream home. They have an idea of what they want, but it could be way out of reach at the moment. They’re probably wondering if they’ll ever get there, particularly if prices are rising rapidly.
If you’re in the same boat, don’t lose hope - there’s a way to step up the ladder towards your dream home faster and with more confidence!
Learn more about the stepping stone strategy at its core, how dangerous it is to follow bad advice, how to minimise risk in property, and the best way to do so!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: The Leaf House (Brazil) [02:48] Introducing the stepping stone strategy [03:58] The dangers of going along your property journey with bad advice [05:24] Identify high-growth locations & the right property type [08:53] Fortitude Valley, Brisbane as an example [11:14] What is the core of the stepping stone strategy? [13:45] How the stepping stone strategy tutorial can help you [15:10] Property is risky, so learn how to minimise the risk! [16:43] What we want for your property journey [19:16] An awesome way to minimise risks [20:53]
Links from the Show: Take our Stepping Stone Strategy Tutorial Avoid buying the wrong property in the wrong location through our Where to Buy Workshop! Check out more of our FREE RESOURCES
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!
See omnystudio.com/listener for privacy information.
Learning from experience is great, but taking advice from someone who’s “been there, done that” is probably even better.
Today, we’re going to follow the path of one of our students as he shares the lessons he learnt through his first home buyer journey - from his cautious beginnings, to working with different brokers, right up to a hair raising auction!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to talk with us directly, email us at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Meighan’s “property of the day” [02:05] The start of James’ property journey [03:44] How his journey unfolded in the next few years [06:45] The importance of working with a good broker [13:18] One person’s strategy doesn’t work for everyone [18:49] Using the stepping stone strategy [19:21] James’ fortunate escape from buying a certain property [21:09] Brokers, property development, and staying on your own lane [23:24] James’ experience with different brokers [25:05] Insights gained from buying at an auction [30:08] A first home buyer’s biggest takeaways from buying property [32:12]
Links from the Show: Episode 41 - 6 Things We Wish We Knew Before Buying Our First Property Go to where you want to be without missing a step through our Your First Home Buyer Guide Course Episode 7 - What You Must Do Before Buying Your First Home Check out our Stepping Stone Tutorial
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!
See omnystudio.com/listener for privacy information.
Diving blindly into property investing will no doubt set you up for mistakes and looking back to when we bought our first homes, there were some lessons we would have benefitted from knowing early on.
Join us as we tackle six lessons we wish we knew before signing those papers, from knowing “who’s who in the zoo” to what you should be aware of when preparing to buy your next property!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to talk with us directly, email us at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Meighan’s featured property [02:03]
1: Knowing the process for buying property [04:20]
Figuring out “who’s who” in the equation [06:44] Doing the P.A.C.E. system in the wrong order [09:30]
2: Knowing what to look for [10:15]
The true measure of success is NOT in buying a property [14:59]
3: Knowing how to work out how to pay [17:12]
How about when it comes to auctions? [20:37]
4: Knowing what you SHOULDN’T do with a renovator [22:15]
Veronica’s first investment house [24:09]
5: Knowing about sales agents and reading between the lines [26:19]
6: Knowing how to prepare to buy the next property [30:18]
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!
See omnystudio.com/listener for privacy information.
Getting the right property is key to growing your portfolio and avoiding big headaches down the line. Yet with so many that seem like amazing assets, how do you figure out which one to choose?
It’s really important to understand what makes A, B, and C grade properties so today, we unpack what you need to know to make the right purchase and avoid owning an underperformer!
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to talk with us directly, email us at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Meighan’s special house of the week [02:09] Flyers: What makes an A grade property? [04:01] Buyers get F.O.M.O. & overlook a lot when buying in a hot market [08:15] A grade properties don’t turn over as often [11:01] Floaters: B grade properties [12:34] The danger with buying floaters [14:53] B grade assets in a 3-story walk-up [16:37] Flops: The underperforming C grade property [19:33] Avoid C grade properties as much as possible! [20:59] How to identify this type of property [23:44]
Links from the show: Stepping Stone Tutorial
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!
See omnystudio.com/listener for privacy information.
If you have a question about property, you’ve come to the right place!
We receive lots of questions through Facebook, our website and from our members. So today, we are sharing a few of those questions - and providing answers - because if one person has asked, then we know there are others who will have similar questions!
If you enjoy the show, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Meighan’s featured house of the week [02:01] Is a fixer-upper worth the renovation costs? [03:06] Do a history search for other renovated apartments [07:21] A great benefit from buying fixer-uppers [08:08] The ‘trickery’ that happens to mask flaws in a property [09:47] Are there downsides to buying an investment property with cash? [14:12] What does “property price withheld” actually mean? [19:47] At what stage should you get a building & pest inspection? [22:28] On the subject of conditional offers [25:01] Can you buy an investment asset as a home and have capital growth in the future? [27:15] Will your spending habits impact your ability to get a loan? [31:03] The ‘Shiraz and Wagyu’ case [33:34]
Links from the show: Episode 14 - Questions You Must Ask Your Building Inspector with Peter Masia
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!
See omnystudio.com/listener for privacy information.
If you’re at a point in your journey where you’re more than ready to buy property, you’re most likely faced with this dilemma:
“What type of property should I buy?”
Today, we’re going to address the age old question - should I buy a house or an apartment? We’ll be listing down the pros and cons for each and explain why they may or may not be beneficial as a first-time purchase.
There are a lot of misconceptions about apartments and strata property in general, and we want to clear a lot of these up for you so you can make better decisions!
If you enjoy the show, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Meighan’s featured house for the episode (The Flintstone House) [02:17] Why this question needs to be tackled & clarified [04:07] What are some apartment pros? [06:15] Apartments have a lower price point [07:56] The potential to keep the property as an investment [08:46] There’s more flexibility with owning a house than an apartment [12:37] Apartments are easier to renovate (with a few constraints) [13:08] Costs are shared between you and other tenants in the complex [15:17] Apartment cons [16:49] The tendency to outgrow the space quicker [16:54] There’s a danger of having an oversupply [18:45] Strata fees [20:03] A complex’s special rules for pets, air-conditioning, and others [21:51] They typically have a slower capital growth [25:11] Let’s talk about house pros! [26:11] The potential to extend and build on your property [27:17] There’s more freedom to do what you want, when you want [28:12] You can choose what renovations to do depending on your budget [30:03] A house is more expensive than an apartment [31:45] If anything goes wrong, 100% of it is your problem! [32:13] Houses are generally further away from the CBD, for the same price [33:10] Neighbours aren’t governed by the same rules as strata neighbours [34:22]
Link/s from the show: Check out the Stepping Stone Tutorial Get fully prepared to buy property through Your First Home Buyer Guide! Our episode on Building & Pest Inspections with Peter Masia
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!
See omnystudio.com/listener for privacy information.
Traditional property auctions can already be daunting to most buyers, but moving it to an online space poses a whole other set of rules and guidelines.
If you’re worried about what to expect and what you need to do to prepare yourself for a different setup, you’re in for a treat.
Today, we’re going to take a look at online property auctions. We’ll be talking about the path online auctions were expected to take (and if any of it became a reality), the challenges buyers agents face, how different online auctions are in comparison to the traditional setup and much, much more.
If you enjoy the show, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Meighan’s featured house for the episode [02:08] Meighan’s first time bidding at an online auction [03:51] The path online auctions were expected to take vs. what happened [05:27] Online auctions in the face of lockdowns [08:04] Three main types of online auctions [10:31] Zoom auctions [11:00] Auctioneers filmed on platforms [13:14] The Ebay style [15:25] The challenge of online auctions for buyers agents [19:20] Bid increments can be controlled in online auctions [20:18] What can you control during online auctions? [22:21] How different are online auctions from in-person auctions? [23:48] THIS is a sign of a slowing market [26:48] What agents do with pre-auction offers in a seller’s market [27:33] Agents have more flexibility online when scheduling auctions [27:48] Alcohol during an auction is a dangerous pair [29:07] Do people still experience F.O.M.O. in online auctions? [30:07] What happens when a technical glitch happens during an online auction? [31:34] Will online auctions take over the traditional auction setup? [35:06] What you MUST do before going to an online auction [36:37]
Links from the show: Innovation in Auctioning with Damien Cooley How Skilled Auctioneers Get Your Last Dollar with David Scholes Online Auctions with Jesse Davidson
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!
See omnystudio.com/listener for privacy information.
Buying your first home is incredibly exciting, and now that you’ve saved up to pay the 20% deposit, you’re all set… right?
Well, not really.
Today we’re talking about the hidden costs of buying your first home. Everyone talks about the challenges of saving enough money to pay a 20% deposit, but that isn’t enough! There are also hidden costs that you need to be aware of and prepared for, and we’ll share them with you all in this episode.
If you enjoy the show, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: How much should I save to buy my first home? [3:11] Be aware of due diligence costs [6:39] Title insurance as an extra layer of protection against hidden expenses [10:45] Total amount to save for your first home [15:04] Save money by not overpaying [20:22]
Links from the show: Ep 33 - How to Save for Your Deposit Faster Ep 30 - Where Do You Start with Due Diligence? Episode 14 on Building & Pest Inspection with Peter Masia Learn how you can price property like a professional The Due Diligence Checklist
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!
Connect With Us:
Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
See omnystudio.com/listener for privacy information.
The year 2020 was a tumultuous time in the world with the shocking impact of COVID-19 on all aspects of our lives. There were lockdowns, home-schooling, delayed celebrations, get-togethers, and of course the pause on international travel.
With such a change in the world, the property market has also been significantly impacted, so knowing how to navigate the crazy and often unpredictable market (especially this year) is so much more crucial than ever.
This is exactly what we’re aiming to help you with today!
In this episode, we’re giving you insider tips on how to do just that. Tempted to buy ‘easy’ property? Curious to find out how to choose the right buyer’s agent in the current market? Maybe you’re gearing up to buy a property despite the pandemic, and you need to know how to best prepare before making a decision? This is the episode for you.
If you enjoy the show, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Looking at the property market cycle, then and now [04:17] ‘Space’ has become a priority in property recently [08:55] What have property investors been doing since the new cycle started? [10:07] Don’t be tempted to buy properties that are easy to buy! [11:10] What happens in Australian property markets during Spring? [12:22] Incentives & grants are aimed at THIS one thing [14:59] Be careful when choosing a buyers agent in a hot market [17:01] An observation of the current lack of rental properties [19:33] How are we dealing with the current state of the property market? [20:55] Indexing potential properties helps make better decisions [25:11] The unusual situation you can potentially be in in a private treaty [27:19] How to best prepare yourself before buying your first property [30:08] The current state of property auctions (and working with your agent) [35:11]
Link/s from the show: Episode 32 - How Do You Choose a Buyers Agent (and Do You Actually Need One)? Check out our FREE mini course on how to price property!
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!
See omnystudio.com/listener for privacy information.
One of the great things about the digital age is that information has become so easy to come by, but the downside is that we can gather SO much that it becomes difficult to sift through and make meaningful decisions!
Let’s help you sift through the noise and get to the best resources, shall we?
In this episode, we’re going to give you a list of some of our favourite free sources of property data. And so you don’t drown in information overload, we’ll also let you know exactly what’s valuable on each site.
If you enjoy the show, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: How did we gather information in the past? [02:16] A look at stratified median prices [04:49] Realestate.com.au’s search demand data feature [05:52] An example of a suburb with an incredibly low search rate [06:24] Suggestions for similar suburbs based on demographics & median prices [08:26] Get insights into the makeup of a suburb through Microburbs [09:49] The Property Nerds [12:25] Utilise the local council’s website when researching property! [15:38] How useful can Google Maps & Google Earth be for property research? [17:49] Use the airport flight path map [18:44] Go old school and look through a newspaper! [20:08] When other people’s self-interest gets in the way of property education [20:58] One last tip when researching property [23:57]
Link/s from the Show: Stepping Stone Strategy Ways to Research Property for Free (PDF Resource)
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!
See omnystudio.com/listener for privacy information.
Not having to save for the best part of a decade is one of the ultimate goals we can have in life. It sounds fancy, but believe us when we say that it’s totally achievable.
In this episode, we share creative and pragmatic life hacks to speed up the saving period for your deposit so you can get closer to your first home purchase without missing a step. We tackle crucial subjects such as how you can tighten your belt, boost your savings, and avoid putting your earnings at risk.
If you’re having trouble saving up for your desired home deposit, this episode will surely prove useful to you. Tune in now!
See you on the inside!
Episode Highlights: The challenge of finding the right home deposit [02:55] The 20% pay yourself first scheme [07:01] Move back with your parents [11:52] Home-made coffee and packed lunch [13:12] Getting rid of your car [15:33] Co-ownership: Partner with a sibling or a trusted friend [18:32] The gig economy [20:13] Work out monthly repayments of expected loans at 7% interest [22:32] Cut out your credit cards [24:19] Do not get married [25:36] Say NO to Bitcoin or the share market [27:01]
Link/s from the show: Our courses (https://homebuyeracademy.com.au/all-courses) Tune in to Episode 4 where we addressed the question, “What are your options if you can’t afford to buy where you live?” (https://homebuyeracademy.com.au/podcasts/004) Check out our blog titled “Why first home owner grants and incentives could end up costing you thousands” (https://homebuyeracademy.com.au/PREPARATION/grants-incentives) Tune in to Episode 9 with David Johnston where we talked about the importance of a borrowing strategy (https://homebuyeracademy.com.au/podcasts/009)
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See omnystudio.com/listener for privacy information.
Seeking the help of a buyers agent is a great way to secure a successful property purchase. But things could go completely the other way if you fell for a buyer’s agent who does not have enough integrity, competence and experience to protect your interests.
Today, we're going to address the questions: how do you choose a buyer's agent? and how do you know if you really need one? We dig into the types of buyer’s agents that you should hire or avoid and the important aspects that you should consider when hiring one.
If you find this episode helpful, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Brief background on the buyers agent industry [01:53] Make sure your agent is exclusive [08:41] Agents who pitch themselves as off-market specialists [10:22] Is your agent an order taker or an advisor? [13:01] The good deeds property under bidders [16:25] Agents who will not tell you what you want to hear [21:07] ‘Deal’ is a word that we don’t talk about [25:16] Agents who try to be everything to everyone [26:36] Gray areas you should watch out for [30:15] Talk to sales agents [34:18] What’s their policy on competing briefs? [35:40] How are their percentage models? [36:53] Ask them about the time they recommended not to buy [38:38] Questions to ask yourself [40:04] Team structure and systems are important [41:40] Know how their past clients’ properties performed [44:20] REBA membership [45:16] Agents who understand your needs [46:57] How will they advise you? [49:06] When should you seek the help of a buyer’s agent? [51:27]
Link/s from the show: Our courses (https://homebuyeracademy.com.au/all-courses) Auction Read: How to Buy Property at Auction Even Though You’re SCARED S#!tless (https://amz.run/4mMc) Your First Home Buyer Guide (https://homebuyeracademy.com.au/YFHBG) Check out Episode 24 where we gave an auction master class (https://homebuyeracademy.com.au/podcasts/024) Tune in to Episode 30 titled “Where Do You Start with Due Diligence?” (https://homebuyeracademy.com.au/podcasts/030)
Connect With Us: Home Buyer Academy Website: https://www.homebuyeracademy.com.au/
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See omnystudio.com/listener for privacy information.
At Your First Home Buyer Guide, our goal has always been to help you on your property journey and get you to where you want to be by buying your first home without missing a step.
Sometimes, however, part of the journey is finding out that you shouldn’t actually be buying property - and for good reason!
Today, we look at a case study of someone who was 100% committed to buying their first home, only to realise that they shouldn’t purchase just yet!
This episode is vital listening to anyone contemplating home ownership as the insights and information shared can definitely help you avoid throwing money down the drain.
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: The story behind this case study [02:27] Saving ‘just enough’ for a deposit is not the way to go! [07:56] Prepare before thinking about buying a property [08:41] The importance of getting the right advisors onboard [11:01] Don’t buy if you see your circumstances changing in the near future [12:59] Don’t let deadlines pressure you into buying property [14:56] Buying because of your work situation [18:07] Should you rentvest now instead of buying a property? [21:10] When you shouldn’t buy property just yet [23:16] Why do first home buyers scramble to buy property? [25:57] Don’t buy a property just because people told you to [29:09] Fear is normal when buying any property [29:51]
Link/s from the show: Episode 28: How does the pre-approval process work? (with Stuart Wemyss) Episode 9: What is the Importance of a Borrowing Strategy? (with David Johnston) Stepping Stone Strategy
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!
See omnystudio.com/listener for privacy information.
So you’re gearing up to buy your first home, but what do you need to do as soon as you find a property you want to buy?
As a first home buyer, due diligence is one of the most important parts of your property journey. The right due diligence can prevent you from making avoidable mistakes and spending too much on unnecessary fees as well!
This is why every property needs to be thoroughly evaluated before you buy it and today, we’re going to make sure you know where to start!
In this episode, we’re tackling the due diligence process. Once you’ve found the property you want to buy, your job is not done! You can’t simply hand things over to your conveyancer or solicitor and expect every stone to be turned. It’s up to you to make sure that you uncover any reasons why you might end up regretting buying a property!
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Why thorough due diligence is incredibly crucial [03:01] Avoid getting surprised by unexpected special levies [05:46] Learn about flood zones and overland flow [07:46] Understand what other kinds of professionals you might need for inspections [10:26] It is your job to learn about the property through due diligence! [12:52] What can you do to avoid making mistakes as a first home buyer? [13:18] Every state has a different set of mandatory disclosures [14:45] Think about the potential future of surrounding developments [16:17] Will you be able to benefit from infrastructure projects if you purchase a certain property? [18:21] Be aware of underground services near your property [21:26] How about zoning certificates? [24:50] Research the neighborhood you’re buying from! [26:35] Should you rely on buying a property online? [28:52] What else should you do for the right due diligence? [31:20]
Link/s from the show: The Bubble House in Ipswich, Queensland Course Link
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Diving head-first into the property market without having the right knowledge is the worst thing you can do as a first home buyer.
In this episode, we’re going to tackle the 9 most common first home buyer questions that we often hear. We’ve also collected some from mortgage brokers, real estate agents and conveyancers so if you’re a first home buyer looking for answers to seemingly ‘common knowledge’ questions, this episode will get you up to date!
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Where should I buy property? [03:16] What should I buy, a house or an apartment? [06:14] How much can I afford? [10:32] I found a place I like… what do I do now? [13:55] How much should I pay for a property? [16:45] What deposit do I have to pay? [20:07] Do I really have to use a solicitor or conveyancer? [23:37] Do I really need to have a building and pest inspection? [26:15] Why is buying at an auction something you should look at? [32:21]
Link/s from the show: Check out our Where to Buy workshop! Learn how to price property! Episode 11: Where Should I Buy My First Home? Access our Stepping Stone Strategy Tutorial Episode 7: What You Must Do Before Buying Your First Home Episode 28: How Does the Pre-Approval Process Work? (with Stuart Weymss) Episode 27: How to Work Out the Right Price to Pay Episode 24: How to Make Auctions Not So Scary
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
A lot of first home buyers assume that getting pre-approval won’t be a problem - until it is.
In this episode, we’re joined by Stuart Weymss, founder and director of ProSolution. We talk about the mortgage pre-approval process, why it’s important for first home buyers to understand and we share tips on how to get started to make sure you’re doing it right.
You don’t want to find out that the bank won’t actually give you as much money as you expected after you’ve already signed your life away for a property!
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: What exactly is a pre-approval? [03:05] This is what will happen if you apply for too many pre-approvals [06:36] Is owning a credit card beneficial for pre-approval? [07:36] The truth about why banks take so long to process applications [11:46] Do this before you buy property! [16:06] Do pre-approvals have time limits? [17:57] Why loan amounts vary per bank [19:38] Hecs debt & how it affects borrowing capacity [21:09] Is borrowing capacity an asset? [22:36] Does having pre-approval make you risk-free? [23:45] The risky business of buying in a hot market [26:42] Does pre-approval validity period cover the settlement date? [27:27] The risks of buying established versus off the plan properties [28:22] The BIGGEST mistake first home buyers make [29:57] The key to buying property in any market [32:53]
Link/s from the show: Learn how to price property! Visit ProSolution to find out how they can help in your property journey! The Pros and Cons of Buying Property without a Pre-Approval
About our guest:
Stuart Weymss is the Director and founder of ProSolution, founded in 2002, and has over 20 years’ of experience. He holds a Bachelor of Commerce, is a Chartered Accountant and holds many post graduate qualifications. Stuart is licensed to provide credit, tax, insurance and financial advice. He has published four books including Rules of the Lending Game and best-selling, Investopoly. He is a regular contributor to The Australian newspaper and other TV, radio and print media.
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Paying the right price for a property is high on everyone’s list, but it’s even more difficult in a hot market.
So how do you get it right to make sure you don’t keep missing out while not having to pay way too much?
Today we’re talking about one of the hardest parts of buying your first place - how to work out what to pay. To do so, you need to have a good idea about which way the market’s going, and how quickly it’s moving, otherwise, you could end up paying too much or constantly missing out because you aren’t offering enough!
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Methods people use when pricing property [02:48] The “dart board” [03:06] Using the agent’s price guide [04:09] How do agents mainly assess a property’s price? [07:43] Price well by learning more about the property market [12:07] Your decision should be your own - not someone else’s! [14:36] Paying premium prices in a rising market [17:48] If a property has an unfixable issue, it will always be an issue [20:10] What this episode is really about [21:53]
Links from the episode: Check out our Where to Buy workshop! Learn how to price property! Tune in to our episode on How to Make Auctions Not So Scary Visit our FREE RESOURCES page!
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Are you looking to purchase an apartment soon (or down the line)?
Apartments are a lot more common in the major capital cities, especially Sydney and Melbourne. But regardless of where you’re looking to buy, there are some particularly BIG issues you need to be aware of.
Today we’re talking about the three most common mistakes that apartment buyers make, and how you can avoid them. We’re going to share how you can create a plan to make sure you don’t get caught out and so much more!
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: “What’s on title” versus “exclusive use” [03:40] Buying strata property [4:40] Lack of knowledge can cause you to make rash decisions [09:01] Don’t just rely on the floor plan given - dig deeper! [10:15] Parking spaces & their value proposition in titles [11:40] How much can by-laws impact a property’s livability? [17:22] The disclosure statement [23:24] Some examples of deal breakers [24:49] You don’t want a building that gets hit with a fire order [26:51] By-laws need to be created each time a building gets upgraded [28:02] A look at visitor parking provisions [31:52] Know what is and isn’t covered by strata levies [34:05] Understanding company titles [34:41] What’s covered by strata levies? [36:43] How are these levies forecasted & calculated? [38:02] Stratas can be a great place to live in [43:07]
Links from the episode: Check out our Where to Buy workshop! Take our P.A.C.E. Course to get your first home purchase right without going down rabbit holes! Listen to our episode on ‘What to Ask Your Conveyancer’! Visit our FREE RESOURCES page!
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Local knowledge is so important when it comes to buying property. Aside from knowing the terrain, local buyers agents can give great insight and recommendations you otherwise wouldn’t have known on your own.
Today, we’re talking to a local expert, Buyers Agent Matthew Knight, who will be sharing his tips on what first home buyers should be looking for and the mistakes that can be avoided in his area.
So, in this episode, we’re doing a regional spotlight, focusing on the things that first home buyers need to know about buying in the South Coast of New South Wales. From Wollongong all the way down to Batemans Bay, we cover what you need to know to get started!
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: Key places Matt has specific knowledge in [02:23] Patterns and groupings of first home buyers [4:03] How train lines and the commute affect property prices [06:36] Types of property first home buyers are buying in the south at the moment [8:42] Expected property prices in the south & deciding what to buy [9:34] Buyers have to make a decision for themselves [13:45] Pricing changes as you travel further south [14:14] Nowra: The first affordable South Coast regional option [15:30] How are prices south of Nowra? [17:32] Advice for people moving into a new community (and mistakes that go with it) [20:39] Investor activity in the South Coast [22:24] Mistakes first home buyers make when buying in the south [25:00] Why inspecting a property’s contracts & documents is important [27:44] Find a solicitor that knows local property [30:31] Crazy things Matt has seen first home buyers do [30:59]
Link mentioned: Check out our Where to Buy workshop!
About our guest:
Matthew Knight is a buyers agent who helps property buyers get even better results using research, negotiation and due diligence. His 15-year experience in investing research has helped 100's of individuals reach their goals, helping investors get their first property and then going on to 2/3/4 properties quickly and safely. Matthew is affiliated with Precium, a company that provides a range of property solutions including property research, deal finding, investment coaching, renovation support, and joint ventures. Check out Precium
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
A lot of home buyers (and sellers) avoid auctions like the plague. Some reason out that they have no idea how it works while others feel like it’s a bigger undertaking than what they’re prepared for.
If auctions feel daunting to you, you’re in the right place!
In this episode, we’re going to give you an auction masterclass! Most property buyers hate auctions, but stick with us because we’re going to reveal some tips and tricks to give you that inside edge.
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you’d like to talk with us directly, send us an email at support@homebuyeracademy.com.au!
See you on the inside!
Episode Highlights: What is a “method of sale”? [02:39] When selling, auctions are commonly chosen in this situation [03:17] The Pre-Auction Phase [04:30] The auction process from the selling agent’s POV [08:01] A phrase to help you understand how price guides are mostly set [11:20] Legislation on reserve price within the quoted range in South Australia [13:54] What buyers need to do before auction date [16:32] What couples need to think & talk about before the auction date [18:52] Two types of bidders at auctions [22:29] Three groups of auction buyers that agents typically present to auctioneers [28:42] Why an agent might ask about a pre-auction offer [29:45] Self-control gives you the confidence to walk away from a property [33:55] In-rooms versus on-site auctions [36:13] Key bidding tactics [39:15] The ‘knockout’ bid [41:22] Not all auctions pass under the hammer, but when they do... [47:01] The next steps for buyers who have done great pre-auction work [51:35]
Link/s from the show: Take our FREE course on pricing property! Check out our Where to Buy workshop! Register for our June 19th Stepping Stone Workshop at https://homebuyeracademy.com.au/ssw! Get “Auction Ready” by Veronica Morgan (30% off & free postage with code ‘ACADEMY’)
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Did you know that getting the right legal advice when purchasing property is critical to your success as a first home buyer?
In this episode, we’re going to be delving into the legal side of buying your first home. What’s in a contract? What’s NOT in a contract? What questions should you be asking your conveyancer or lawyer?
We answer all those questions and more so tune in to today’s episode!
See you on the inside!
Episode Highlights: Why a buyer needs legal advice and when to get it [03:33] The difference in vendor disclosures in the NSW versus other states [06:33] Knowing what to ask your conveyancer is important to get the right searches [08:11] The differences (and similarities) between lawyers and conveyancers [10:37] Challenges people face when going for the cheapest option [12:36] The biggest financial commitment as a first home buyer [15:20] Acquiring a 66W certificate to waive the cool off period in NSW and to waive it in other states [16:51] Conditional contracts versus Unconditional contracts [17:55] The Sunset Clause [19:25] Some first home buyers get caught up in government benefits for buying off-the-plan [24:04] Your schedule of finishes should have brand names [24:41] What happens when you sign a contract with a cooling-off period? [28:14] A look into gazumping [29:49] Mistakes first home buyers often make [34:02] Veronica’s story about a vendor who wasn’t prepared to meet the market [38:43] Getting pest and building inspection reports [42:25] Advice for first home buyers looking for the right conveyancer [44:09]
Link/s from the show: Check out our Where to Buy workshop! Register for our June 19th Stepping Stone Workshop at https://homebuyeracademy.com.au/ssw!
About our guest:
Jennie Tonner has more than 30 years of experience with two of Australia’s leading law firms: Mallesons Stephen Jaques and Allens Arthur Robinson, and has been running Cremorne Conveyancing for nearly 7 years. Learn more about Cremorne Conveyancing
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
When it comes to buying property, “missing the boat” is a fear that a lot of home buyers tend to have, first time or not.
In this episode, we’re taking you through the story of a couple who are looking for their ideal sea change home. However, they started their search before COVID and had no idea that the market would run on them! So what are their options now? Have they missed the boat? What should they have done differently?
Tune in to find out more!
Episode Highlights: Pip & Dave’s story [03:13] Getting to grips with the reality of property markets [08:46] Things to consider when buying in a fast-moving market [10:42] Finding the right levels of compromise [13:37] FOMO vs. revising your expectations and budget [15:22] The difference between patience and inaction [21:01] Changing your property criteria & expanding your search location [22:05] Consider different home funding options [23:31] Blanket advice is not always good advice [24:51] How do buyers manage an offer without paying too much in a hot market? [31:59] How to track price changes in the current market [33:49] Measuring vs. relying on luck [36:11] Compromise must be anchored on practicality [37:39] Is there actually a reason for optimism? [39:09] Getting over FOMO and moving to just “MO”, what are the next steps? [42:15] Don’t ask others where to buy - your situation is unique [44:13]
Link/s from the show: Take our FREE course on pricing property! Check out our Where to Buy workshop! Register for our June 19th Stepping Stone Workshop at https://homebuyeracademy.com.au/ssw!
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
A lot of Australians have been leaving major cities in favour of regional areas and it’s had quite an impact on the property market. If you’re a first home buyer, having someone with local knowledge during your property search is crucial.
In this episode, we’re doing a regional spotlight with Buyers Agent and Valuer Matthew Ward, where he shares his tips on focusing on the things that first home buyers need to know about buying in regional NSW.
Tune in now and we’ll see you on the inside!
Episode Highlights: Is there significant activity concerning first home buyers moving out of cities? [03:46] What are first home buyers buying in the region? [07:00] Look beyond price and rental returns [10:46] When selecting property, de-risk as best as possible [12:34] Where are city migrants going and what’s their impact? [14:18] Cities that have commutable options back to Sydney [18:26] How to price property from the perspective of a valuer [19:32] The state of property in Orange [22:17] How many first home buyers are buying small farms? [24:29] What do buyers need to understand in a regional market? [26:17] Mistakes first home buyers make in regional areas [31:21] Hacks to discovering the ‘undesirable parts’ of a town [32:30] Crazy things Matthew has seen buyers do [35:07] You don’t need millions to get started [37:32] General insights and principles you can use when buying any region [39:46]
Link/s from the show: See social atlas hotspot for all sorts of property data: https://atlas.id.com.au Check out our Where to Buy workshop! Register for our June 19th Stepping Stone Workshop at https://homebuyeracademy.com.au/ssw!
About our guest:
Matthew Ward is a licensed Buyer’s Agent and registered Valuer with 15 years experience and is one of the founding directors of Aspect Buyer’s Agency. Matthew undertakes acquisitions and property consultancy across all sectors of the property industry including Residential, Rural Lifestyle, Agricultural, Commercial, Industrial properties throughout regional NSW, and nationwide through his extensive industry network. Learn more about Matthew and visit his website
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Have you ever felt the “fear of missing out” on property?
Maybe you’re a first time buyer who wants to get onto the ladder as quickly as possible but seem fraught with hurdles left and right?
Whatever the case, it’s completely normal to feel pressured to buy now. Before you make the jump however, you need to be well-prepared and be aware of what you’re getting into!
In this episode we talk about the many different options available out there to get onto the property ladder quicker. We share tips as well as dos & don’ts when engaging the “bank of mum & dad”, paying LMI, utilising the Federal Government’s Deposit Guarantee scheme and plenty more!
There’s so much gold to uncover in this episode so let’s get into it!
Episode Highlights: Hitting the “bank of mum and dad” [04:31] Don’t change jobs just yet! [10:25] Speed up your entry by paying LMI (Lenders Mortgage Insurance) [12:07] Utilise the Federal Government’s Deposit Guarantee scheme [15:42] The “smart-not-fearful” approach [19:24] Is now a good time to buy? [20:34] Using the stepping stone strategy [24:11] Consider going the co-ownership route [27:05] How about rentvesting? [31:57] Why we don’t recommend relying on government grants [34:00] Don’t wait for prices to drop [37:17]
Link/s from the show: Tune in to Episode 18: ‘How to Overcome Your Fear of Paying Too Much [Case Study]’ Can my parents be a guarantor for my mortgage? (Article) Check out our Where to Buy workshop! Register for our June 19th Stepping Stone Workshop at https://homebuyeracademy.com.au/ssw!
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
We’ve always associated the word ‘fitness’ with physical health, but have you ever heard of the term “money fitness”?
Today, we’re talking to Owen Raszkiewicz, Founder of Rask Australia. He shares his tips on what you should do to begin your money fitness journey, get extra funding, manage instant gratification and something a lot of property people don’t like to cover but that we’re up for: discussing other investment opportunities beyond real estate.
We also answer questions like, “What do we need to know about money that we don’t get taught at school?” and, “What can we do to make the most of our income and what else can you invest in besides property?” as we explore what it means to be ‘money-fit’.
There’s so much gold in this episode and the information is definitely too valuable to pass up! Tune in now and we’ll see you on the inside!
Episode Highlights: What is “money fitness”? [03:06] Owen’s #1 tip for becoming money-fit [04:09] How to allocate money to make sure you have extra funds [05:35] Get extra funds by earning more... or spending less [09:24] How can we begin our money fitness journey? [13:13] What we should have been taught at school about money [16:14] The case of instant gratification [18:29] The significance of understanding good debt and bad debt [21:16] Prioritizing financial goals for your circumstances [23:29] Why separate money for shares from funds for a home purchase? [25:38] How can you build wealth if property investing isn’t an option just yet? [30:48] Consider alternative Real Estate investments (Rentvesting, REITs, etc.) [34:00] Managing the risks of investing in property [36:35] A recap on the key points of the episode [42:26]
Link/s from the show: Check out all FREE courses from Rask Australia Tune in to Episode 4 where we answer the question, “What Are Your Options If You Can’t Afford to Buy Where You Live?” Check out our Where to Buy workshop!
About our guest:
Owen Raszkiewicz is the Founder of Rask Australia and the host of the Australian Finance Podcast and the Australian Investors Podcast, two of Australia’s top-ranked investing and finance shows. Owen teaches the Value Investor Program for Rask Education, the educational arm of Rask Australia and is the lead Investment Analyst for his members-only share research service, Rask Invest. He also founded Rask Media, an investment news website that attracts more than 100,000 unique readers. Learn more about Owen and visit his website
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Knowing what’s ahead and what to expect when buying property is a huge deal. It saves you from wasting time, money and effort and reduces the fear of spending too much on any property.
In this episode, we’re following the journey of Mike and Rhiannon, a couple of first home buyers who have conquered the mountain! We’re going to hear about the lessons they’ve learned, whether their assumptions were right or wrong, the mistakes they made (and avoided) and how they sealed the deal.
If you’re in the same boat or thinking of getting onto the property ladder, tune in to this episode!
Episode Highlights: Their property journey before meeting Veronica & Meighan [02:39] How they figured out which property was right to buy [05:30] Takeaways from their HBA mentorship session [08:10] Lying to your buyer’s agent probably means you’re buying in a bad location [09:26] Rhiannon and Mike’s support crew [11:40] Get advice from the right people, even before you think you’re ready [13:55] Information overload is real - but not all of it is practical [16:57] How did they know that they had found ‘the one’? [21:59] People can often get carried away during negotiations [27:39] Rhiannon and Mike’s plan for the future of their purchased property [28:32] Their advice to first home buyers who want to get into the market [30:31] The case of Post-purchase dissonance [34:08] Get ready before you’re ‘ready’ [34:45] The benefits of being prepared before you buy [37:09]
Link/s from the show: Episode 9: What Is the Importance of a Borrowing Strategy (with David Johnston)
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Local knowledge is so important when buying property. No one knows an area more than its residents, and a local buyers agent is the perfect person to approach before inking that contract.
In this episode, we’re doing a regional spotlight and focusing on the things first home buyers need to know about purchasing property in Geelong and Ballarat. We’re talking to local expert Cate Bakos on her tips on what first home buyers should be looking at and the mistakes that can be avoided in the process.
If you’re thinking about buying in any of these areas, this will definitely be a beneficial conversation to tune into.
See you on the inside!
Episode Highlights: What are first home buyers purchasing right now in Ballarat? [03:16] The price difference between properties near and far from the city [05:37] Employment opportunities [07:38] Is there a shortage of property due to more people relocating to Ballarat? [09:35] Ballarat and the possibility of rentvesting [11:04] The transport demand in Geelong [12:28] What is it about Geelong that draws people in? [14:38] Gentrification and property prices in Geelong vs. Melbourne [16:36] Where are first home buyers gravitating towards in Geelong? [19:28] Mistakes people make when buying in Geelong or Ballarat [22:19] Is there anything crazy going on in the property space? [28:54]
Link/s from the show: Our FREE COURSE to help you learn how to price property like a professional
About our guest:
Cate Bakos is a buyers agent and the owner of Cate Bakos Property, a boutique and independent Melbourne Buyers Agency firm. Her extensive asset-selection experience not only in Melbourne metro suburbs but also in Victorian regional markets including Ballarat and Geelong has given her a valuable point of difference to offer her cashflow-driven clients. Cate currently holds the position of President for REBAA (Real Estate Buyers Agents’ Association (national body) and is a proud PIPA member with a QPIA (Qualified Property Investment Advisor) status. Learn more about Cate and visit her website
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
First home buyers can get lost understanding property market jargon. In part one (last week’s episode), we covered some of the people you might come across in your property search as well as some of the terms you might hear mortgage brokers and accountants use.
In part two of our real estate user’s guide, we interpret a whole lot more of the commonly used terms (and some of the more ridiculous ones as well!). Since every industry has its own particular language, we want you to be able to speak the real estate lingo with ease.
There’s a whole bunch of terms to cover so let’s get into it!
Episode Highlights: What is rentvesting? [02:31] ‘Manufacturing Equity’ sounds complicated, but it really isn’t [05:01] Explaining the ‘cooling off’ period & 66W Certificate [06:38] Conditional Offers & some examples [10:47] Is ‘gazumping’ a bad thing? [11:44] What are Holding Deposits? [12:36] Exploring terms used in auctions [13:12] What the heck does ‘freestanding to one side” mean? [15:52] ‘North-facing’ property [16:39] Can a property really have ‘unlimited potential’? [17:50] Why ‘renovator’s delight’ isn’t truly delightful [18:53]
Link/s from the show: Check out Part 1 for more Home Buying Terms to Know!
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Buying your first home is a big undertaking in itself and not knowing the common terms in property is sure to make your journey a lot more difficult than it should be.
In the first episode of this two-part series, we’re going to give you a real estate user’s guide by interpreting a whole bunch of the commonly used terms so that you don’t feel you’re trying to understand a foreign language.
There’s a whole lot of things to cover so let’s get into it and we’ll see you on the inside!
Episode Highlights: What are the types of Real Estate Agents and what do they do? [02:08] Be aware of Property Spruikers [04:50] Conveyancers focus on property matters [07:03] What is a Lenders Mortgage Insurance (LMI) & who does it benefit? [09:19] ‘Equity’ sounds cool, but what is it exactly? [11:01] Stamp Duty or Transfer Duty [11:54] A look into Land Tax & Unimproved Land [12:53] What are Purchasing Costs? [15:44] Explaining ‘Offset Accounts’ [16:54] Redraws [17:44] What the hell is ‘Loan Structure’? [18:52] Understanding Leverage [20:55] Defining Capital Growth [21:41] Capital Gains [24:37] What is Capital Gains Tax (or CGT)? [25:26] Looking at Capital Gains Tax Concession [26:57] Negative Gearing [28:13] Depreciation [30:28]
Link/s from the show: Jargon and Terminology (PDF)
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Not all property is what it seems to be. It may look perfect and attractive, but there could be underlying issues that may become a problem in the long run.
Building inspectors can see more of a property’s quality than the average person. From pests, structural faults and dampness levels, they help buyers make informed decisions on whether a property is worth buying or not.
In this episode, we’re joined by retired building and pest inspector Peter Masia, as we dive deep into the questions that first time home buyers must ask their building inspectors. We’ll talk about common building faults (pests, damp and lipstick on a pig), what should be a deal-breaker vs. what’s normally found in reports and everything else we should be aware of (that could affect the property in the future).
So prepare to take notes and tune in to this episode!
Episode Highlights: Why home buyers should get a building inspection [03:25] No building is perfect [06:39] The things that commonly show up in old weatherboard houses [08:22] The right questions to ask your building inspector [16:12] What happens when dampness and mould are not attended to [20:57] Condensation in single brick properties [24:49] Paint and renders serve as protection from damp [28:53] The limitations of building and pest inspections [30:44] Real deal-breakers to watch out for [32:54] The types of crack to worry about, and not [37:49] Things that commonly show up in timber buildings [44:37] Fire safety and hazards in buildings [46:00] Don’t be afraid to ask your building inspector any question you may have [48:26]
About Peter:
Peter Masia is a former building and pest inspector, building designer and MBA accredited building consultant, with over 45 years in the property industry. He is also well known to listeners of ABC Radio Sydney for sharing his technical expertise building and property-related matters in a popular Saturday morning talk-back program called "The Woodies".
Links From The Show: Peter’s Website (https://www.petermasia.com.au/)
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Home buying is an incredible and exciting journey, filled with ups and downs and small victories to savour before reaching the top.
Whether you’re buying a property on or off the market, having the right knowledge and advice is essential so that you’ll avoid making all the costly mistakes in buying your first home.
In this episode, we’re following the journey of HBA Graduate Michael! He shares the lessons he learned, whether his assumptions were right or wrong, the mistakes he made (and avoided) and, ultimately, how he sealed the deal!
Tune in to the episode and be inspired by this home buyer’s journey!
Episode Highlights: Michael’s property search before meeting Veronica and Meighan [02:18] Did he imagine buying the house he purchased from the start? [05:04] Finding the right house with the features Michael was looking for [07:39] Coming across the property off the market [10:18] Michael’s biggest “Aha” moment [16:46] Did he suffer from information overload during the search? [22:52] What the property buying process was like [24:15] Michael’s advice to first home buyers who are still climbing the mountain [35:16]
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Local knowledge is so important when buying property.
Whether you’re a rentvestor, or looking to buy an apartment or house, knowing the ins and outs of the local property market is crucial so you don’t make an otherwise easily avoidable mistake.
Today, we’re talking to two local experts, Karen Young of Property Zest Buyer’s Agency and Tony Coughran of Simply Gold Coast, who will be sharing their tips on what first home buyers need to be looking for, and the mistakes that can be avoided in each of their areas.
Tune in to the episode and we’ll see you on the inside!
Episode Highlights: Property choices in the Sunshine Coast [03:18] The Gold Coast property market [09:04] Exploring duplexes [12:05] Houses vs. apartments [14:57] Advice for people buying in coastal property markets [23:00] Mistakes people make when buying in coastal property markets [25:55] Rentvesting options in coastal property markets [32:56] Rentvesting options in the Gold Coast [33:15] Rentvesting options in the Sunshine Coast [38:05] Crazy things Karen & Tony have seen some home buyers do [43:56]
About our Guests:
Tony Coughran is an award-winning buyers agent and founder of Simply Gold Coast, a property agency based in the Gold Coast. With 20 years of hands-on experience in the property market, and purchased $350 million in property to date, his counsel is sought by some of the most successful and respected property owners in the business.
Karen Young is the principal and founder of Property Zest Buyer’s Agency, a fully licensed independent buyer’s agency and property management company in the Sunshine Coast. She has bought hundreds of properties for investors and home buyers and won numerous Awards for Excellence over her buyer’s agent career.
Link/s from the show:
Property Zest Website
Simply Gold Coast Website
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
So you’ve got the budget and the passion, but there’s always one question that can make you stop in your tracks.
“Where should I buy my first home?”
It is the number one question that every property professional gets asked about, and it always seems like if you find the answer, you’d be set. The problem is, the answer is never that simple.
But, there is a simple process you can follow that will lead you to the right answer for you.
In this episode, we explore the factors that contribute to answering the question. We talk about the 3 Ps, the “ugly c-word”, and why following a step-by-step process is key to avoiding mistakes and getting the right property on the first try.
Tune in to the episode and we’ll see you on the inside!
Episode Highlights: No one should answer this question for you [02:19] The 3 Ps - Price, Property, and Position [08:29] It’s not a quick process; it takes time, effort, and a lot of self-reflection [11:34] Looking at places that ‘don’t exist’ take up more time and energy [13:11] Reasons why the step-by-step process is important [14:34] The exciting, discovery-side of the whole process [17:33]
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
You’ve got questions, we’ve got answers.
In this episode, we’ll answer your questions about fire orders in apartment buildings, timing your purchase in a rising market, choosing to buy an apartment to live in now or a house to rent out first and move in in the future, the impact of climate change on your choice of location, and rent to buy schemes.
Tune in to the episode and we’ll see you on the inside!
Episode Highlights: What are your thoughts about fire orders in apartment buildings, and at what point is it okay to buy one? [02:19] Given that the forecast suggests a rise in the market this year, is it time to buy now? [06:35] Would you recommend buying an apartment to live in now, or a house to rent out first and move-in in the future? [11:28] How much weight should home buyers place on climate change in choosing locations? [17:59] What are your thoughts on buy-to-rent schemes? [21:52]
Link/s from the show: Why is an Entire Suburb Sinking?
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Most people need to borrow money when buying their first home. So is it really important to have a strategy as soon as you plan on getting one, or should you wait until you have the funds to start?
In this episode, Founder and Managing Director of Property Planning Australia, David Johnston, joins us as we dive into borrowing strategy, discuss the important things all first home buyers need to know (that they often don’t) before approaching mortgage brokers, and why setting up a borrowing strategy early on is so essential.
Tune in to the episode and we’ll see you on the inside!
Episode Highlights: What is a borrowing strategy? [02:26] Important things first time buyers need to think about before approaching Property Planning [04:08] What do rent-vestors need to consider that owner-occupiers don’t need to worry about? [05:19] What if you intend to make your first home a future investment? [09:17] Why interest rates aren’t something you should focus on [13:54] Avoidable mistakes that first home buyers commonly make [19:50] Are online lenders risky? [21:20] What brokers offer that going directly to a bank don’t [24:30] How can FHBs make themselves more attractive as a mortgage customer? [30:43] David’s overall advice for first time home buyers [33:54]
About David:
David Johnston is the Founder and Managing Director of Property Planning Australia and author of ‘How to Succeed with Property to Create your Ideal Lifestyle’ and “Property for Life - Using Property to Plan Your Financial Future”. Property Planning Australia was established in 2004, which was born out of David’s vision to help all Australians make successful property, mortgage strategy and money management decisions.
Link/s from the show: Property Planning Australia (https://propertyplanning.com.au/) David’s Domain articles: Five mortgage strategies that can grow your wealth How to turn your first home into an investment property when upgrading Four critical mortgage offset strategies! Property Planning Australia’s Mortgage Strategy 101 Youtube series Property Planning Australia’s mortgage strategy and money management podcasts: Ep 40 - Offset accounts - God's gift to Mortgage Strategy! Ep 34 - No mortgage strategy – No.4 of the top 7 Critical Mistakes Ep 30 - Money Management – 7 steps to success Ep 24 - How mortgage strategy shapes your ability to hold property and how it can pay off for decades to come Ep 9 - Why your mortgage strategy is more important than your interest rate
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Property buying is a journey in itself, and the stories behind them are worth learning from and inspiring.
In this episode, we’re going to take you through a real-life home buyer’s journey. Our guest today is Bianca Chatfield, a champion netballer and contestant on the Block. She’s been house hunting and Newscorp readers have been following her journey through a series of articles she started publishing in November.
Tune in to the episode and get insights on the expected and unexpected hurdles Bianca’s faced, as well as lessons learned about property & renovation.
See you on the inside!
Episode Highlights: A bit of Bianca’s property journey and her first block apartment [02:57] Renovating the apartment and the lessons learned from it [08:11] Her strategy on buying a new property after selling the first one [12:10] Changing the strategy due to COVID-19 [14:58] Uncovering on and off-market properties [20:20] Ins and outs of working with real estate agents [22:17] Searching and preparing for the future, during lockdown [27:07] Browsing (and buying) properties online [30:15] Lessons and advice for first home buyers [36:37] Writing and how it helps broaden Bianca’s knowledge and perspective [43:24]
Link/s mentioned: Article: How to Nail a Savings Game Plan by Bianca Chatfield
About Bianca:
Bianca Chatfield is a former netball champion turned home renovator, and a past contestant on an Australian home renovation television show, The Block. Bianca currently writes a series of house buying articles for Newscorp, which she started publishing in November last year.
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Buying a property can be a bit like climbing a mountain - you can’t start your journey without the right preparations. So what are the things that we must do before buying our first home?
In this episode, we’re going to talk about the “P” (Preparation) phase in our P.A.C.E. system, a system we developed to help first home buyers to master the whole process of buying a property by getting things right from the start.
Tune in to the episode and we’ll see you on the inside!
Episode Highlights: Have the right support crew around you [03:48] Ask for financial advice & guidance [09:33] Have good and hard conversations with yourself [13:36] Reality vs your first home wishlist [16:10] Veronica’s learnings buying her first property [17:22] Getting the right property at the first rung of the ladder is key [19:44] Don’t spend so much time looking at the wrong place [21:06]
Link/s from the show: Start with the Where to Buy Workshop: www.homebuyeracademy.com.au/workshop
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
We all know there’s no such thing as money for nothing, so what is the true cost of first home buyer incentives?
In this episode we’re going to talk about free money - the type first home buyers get from governments - deposit schemes, stamp duty concessions, cash incentives as well as discounts from developers - all the things that are apparently designed to help first home buyers get on the property ladder. But are they really there to help you?
Tune in to the episode and we’ll see you on the inside!
Episode Highlights: Looking into federal government incentives [02:49] First Home Owner Grant (FHOG) [02:54] The BuildBonus Grant [06:42] Deposit Guarantee scheme [08:11] What are some State-based incentives? [12:35] The role of stamp duty concessions [12:40] Why incentives skew towards brand new and offline properties [14:05] Budget limits create artificial price barriers [20:16] Savings accelerator: The first home super saver scheme [23:47] Interesting things about federal and state incentives [26:41] How do cashback incentives work? [29:13] Understanding the real incentive of government grants [33:46]
Link/s from the show: M2 L2 Grants & Incentives - PDF (https://drive.google.com/file/d/1-96e6uDeIbKkGLOLTGkXpgl2m1sAGy6j/view) Our blog on grants & incentives (https://homebuyeracademy.com.au/PREPARATION/grants-incentives)
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
If you think investing in property is just about money and finding the “best one”, you’re in for a shock.
In this episode, we’re going to share with you some property investment fundamentals. This of course will be important if your choice is to rent-vest rather than live in your first property. But owner-occupiers also need to think of their home as an investment and it’s important for first home buyers because if you get this purchase right, your financial future will be a whole lot brighter.
If you would like to learn more about the process and how to buy without making a mistake, tune in to the episode!
Episode Highlights: Investment Grade versus Investor Stock [02:32] What do we mean by “yield”? [06:10] Why is capital growth more important than yield? [08:35] Land value versus improvements [12:21] Is there a secret to capital growth? [16:25] The 7 key fundamentals in assessing property [22:23] Mistakes people make when buying property for tax reasons [24:57] Costs when buying a home and hiring a Property Manager [27:54]
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
While some first home buyers are lucky enough to find the perfect property & place to buy in, there are also a number of those who don’t - but there are options.
In this episode, we’re going to discuss choices you have if you can’t afford to buy where you really want to live. We’re covering rentvesting, co-ownership and getting a guarantor for your loan, along with their pros, cons, and risks involved.
So, if you’re a first home buyer who needs a little push in the right direction, tune in to today’s episode for advice, tips, and resources.
See you on the inside!
Episode Highlights: Option #1: Rentvesting [02:47] A chance to “try out” a property before settling down [05:18] The deductibility of expenses in holding the property [06:11] Thinking long-term on a property that is investment-grade [08:20] The importance of choosing a good accountant & getting great advice [09:35] Get the most tax benefits from brand new properties [11:42] Make sure you have future, strategic plans coming into the market [14:01] Option #2: Parental guarantors [18:48] Consequences of buying a bad asset & debt build-up [21:25] Option #3: Co-ownerships [24:21] Working out the “what-ifs” right from the start [26:09] Tenancy in Common vs Joint Tenancy [28:28] Put everything on paper - contracts, agreements, and ownership structure [31:43]
Link/s from the show: Get our FREE First Home Buyers course! (https://www.homebuyeracademy.com.au/freecourse) Our article on Rentvesting (https://homebuyeracademy.com.au/PREPARATION/rentvesting) Our article on choosing to buy a house or apartment (https://homebuyeracademy.com.au/ACTION/apartment-should-you-buy) Our article on parental guarantors (https://homebuyeracademy.com.au/PREPARATION/parents-guarantor-mortgage) Our article on why you should never buy off-the-plan (https://homebuyeracademy.com.au/ACTION/why-you-should-never-buy-off-the-plan)
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
Home buyers who have been given grants commonly want to utilise every cent and purchase the best property, as they should.
However, what most fail to realise is that there’s more to it than buying the first brand new house that catches their eye.
In today’s episode, we talk about using grants to purchase land and property by sharing a case study on “Anna”. From potential pitfalls to misleading incentives, from dealing with real estate agents to setting yourself up for a successful purchase, we share what you need to know to do it right.
We’ll see you in the episode!
Episode Highlights: Setting the background for this case study: Anna’s story [02:40] It’s important to select the right property (instead of rushing into a purchase) [07:20] The biggest risk to first home buyers are the incentives [08:43] Think about an area’s future growth and value before buying there [11:52] Real estate agents represent sellers & buyer’s agents represent buyers [13:31] Every real estate agent is different - get to know yours and learn about the seller [14:54] As a buyer, don’t feel like the agent has all the cards [18:22] Most buyers with grants only look at brand new units - and that’s a problem [19:46] Patience & diligence to look for other options pays off [24:39] Marketers price new properties differently and strategically [31:55] Research sales data before purchasing any property [33:37] Market value dictates price for established properties (and selling new ones) [36:41] Next steps for Anna [37:56]
Links from the show: Get our FREE First Home Buyers course! (https://www.homebuyeracademy.com.au/freecourse) Review real estate sales data (https://www.realestate.com)
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
No one is infallible. As much as we want everything to be perfect, we all make mistakes here and there. But in the property industry, making even just a single one can be a costly, million-dollar blunder!
Don’t want to have that tiny wrinkle in an otherwise smooth property journey? Hop on in.
In today’s episode, we share three of the most common—and deadly—mistakes that first-time buyers commit when getting their first homes. Get ready with your pen and paper as we discuss a lot of gold to help you masterfully dodge those crucial errors along the way.
Interested to know more? Tune in now!
Episode Highlights: Mistake #1: Taking advice from the wrong people [02:24] Handling advice from well-meaning parents [02:45] Dealing with alpha dads [06:16] Why you shouldn’t (always) listen to your friends [09:11] Choosing the right broker to walk you through [13:07] Being on the lookout for property spruikers [17:59] Mistake #2: Using grants without knowing the risks [20:58] Putting your future buyer in the picture [22:18] The settlement risks posed by an uncertain market [25:05] Mistake #3: Buying without a long-term view [29:15] The disadvantages of planning too much [34:34]
Links from the show: Learn how to price a property like a professional by taking our free mini course (https://www.homebuyeracademy.com.au/freecourse)
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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!
See omnystudio.com/listener for privacy information.
What does it take to buy a home?
Especially for first time buyers, the thought of choosing and buying your home is a daunting task.
In the first episode of Your First Home Buyer Guide podcast, we’ll shake your worries about buying a new house as we introduce our foolproof process that has helped our clients for a quite a while now. We’ll guide you through our P.A.C.E. system, where it is divided into four different phases with specific steps under each.
With more than 40 years of experience between us, you know you’re in good hands.
Listen to this episode today!
Episode Highlights: The P.A.C.E. system: the systematic process of buying your new home [02:23] First phase: preparation [02:50] Let’s talk about money: saving up and government incentives [06:13] Plan, develop and evaluate a wish list [07:29] Second phase: taking action [09:33] Step back, slow down, and recalibrate [12:49] Know the different methods of sale and how they differ from one another [15:42] Understanding the contract of sale [20:58] Never rush negotiations [24:34] Third phase: committing to the purchase [27:39] Making offers at the wrong moments pose huge risks [29:21] Other mistakes that buyers make when buying property [30:30] The value in learning from other people’s mistakes [33:28]
Connect With Us: Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
See omnystudio.com/listener for privacy information.