If you've saved a significant deposit, received a gift from family, or come into money through inheritance, you're in a strong position as a first home buyer. But having more cash doesn't automatically mean the best decision is to put it all into the property.

In this episode, Jack Elliott and Chris Bates talk through the strategic options worth considering when you have a large deposit. We explore how to balance reducing your loan with keeping buffers in place, why your emergency fund matters, and how a bigger deposit might allow you to skip the stepping stone property altogether.

We also talk about the professionals worth bringing into your corner, including buyer's agents and financial planners, and how a larger deposit opens up opportunities like buying properties that need renovation or having the option to buy higher quality assets.

In this episode:

🔑 Whether to put all your deposit in or keep buffers aside

🔑 How to protect yourself after settlement with emergency funds

🔑 Why a large deposit might let you skip the stepping stone property

🔑 The value of buyer's agents and financial planners for first home buyers

🔑 How you could use your deposit strategically to get the best long-term outcome

Timestamps

00:00 - Introduction

03:16 - Leaving Buffers & Why It’s Important

06:17 - Can You Look Beyond the Stepping Stone Mindset?

08:32 - The Importance of Asset Quality

11:26 - Build the Right Team Around You: Buyers Agents & Financial Planners

19:52 - Don't Let the Bigger Deposit Rush You

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Download Your Buying Strategically with a Gift, Inheritance or Large Deposit Resource

Mentioned Episodes:

Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home Buyer

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