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 [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
• Work with Meighan: https://www.linkedin.com/in/meighanwells/

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

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