The First Home Guidebook

In todays episode we’re exploring how to create our property brief. A property brief is kind of like a list, which defines HOW MUCH we’re going to spend, WHERE we’re going to be looking, and the TYPE of property we’re going to buy. It’s kind of like putting together a grocery shopping list, and I’m not sure about you but if I create a list before I go to the supermarket I’m much more likely to only buy what I need, not forget anything, and not just walk around aimlessly trying to think what I’m going to make for dinner tomorrow night.
We discuss some tips around budget setting, choosing a location, and defining the characteristics a property needs to have to tick your wishlist. It’s super important to try and get your property brief right from the very beginning, and to make sure you’re on the same page as your partner.
We also emphasise the need to do a REALITY CHECK on your property brief. Remember - just because you want something doesnt mean you can afford it (remember the good old Champagne Taste Beer Budget analogy)
Getting your brief sorted from the very start will save you time, energy, missed opportunities and potential heartache.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

Rentvesting as a strategy involves buying a property, and leasing it out whilst continuing to rent somewhere else, or perhaps continuing to live at home. If you’ve decided that rentvesting is a strategy you might want to pursue, especially after listening to last weeks episode where we discussed investment basics and how property compares to other investment classes, then your next step is to start educating yourself on property investment 101.
Because if we’re rentvesting rather than buying a home to live in, we need to have a clear investment strategy which is based on the pure, hard numbers, rather than emotion. There is no point in buying an investment property if it isn’t going to give you the right return, and achieve your goals.
In todays episode we discuss the pros and cons of rentvesting, why you should bother considering it, what you need to consider when putting an investment strategy together, tax implications - CGT and negative/positive gearing, and how to get independent advice.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

Today's episode is part 1 of rentvesting, with special guest Owen Raszkiewicz from The Australian Finance Podcast.
Rentvesting is where you rent where you want to live, and buy an investment property somewhere you can afford. This means you can get into the property market without necessarily having to sacrifice your lifestyle.
Rent vesting is basically….. property investing. So it needs to be treated as investing and based on the numbers rather than emotion.
And if we've decided to invest our money, whether it be in property or any other type of asset, we should ideally have an understanding of what all of our options are. There's many different ways we can invest our money, and all types of investments come with some form of risk. Today, we're exploring the basics of investing, including why you should consider investing, the key investing terms you need to be aware of, what the different types of asset classes are and their pros, cons and risks.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

This episode is for anyone who is even remotely considering buying a property to renovate, or perhaps renovating at some point in the future. And it’s ALSO for anyone who is looking at buying a property which has already recently been renovated.
My first guest is Rebeka. She’s a registered builder who develops for profit, and also runs Buildher Collective which is a business who teach women how to do the same. We run through why you need to know about zoning and overlays before you start considering a reno, the different types of permits you might need, the difference between cosmetic and structural renovations, how to not overcapitalise and our top renovating tips.
And later in the episode I chat to Laura from Nest Legal about what we need to understand from a legal perspective if we’re buying a property which has already recently been renovated. There’s certain paperwork which the vendor needs to provide, and it’s actually up to you to speak to your legal representative about this. Your legal rep hasn’t been through the property, they haven’t been speaking to the agent, so you need to work with them to make sure that you’ve got all of the information you need, because with property it’s buyer beware.


Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

Buying a house and land package is a really popular option for first home buyers. Most states have grants and incentives for buying new builds. Plus, buyers get the benefit of a brand new shiny home and quite often a much bigger property than they can afford in an established area.
Todays episode unpacks house and land properties, and there’s a LOT to cover. We explore construction loans, lending risks for these types of properties, how we do due diligence on a block of land and builder, how we research an estate, what it means for a block of land to be ‘titled’, and the start to finish process if you’re considering buying house and land.
Amy also explains the drawbacks of this strategy, including the property potentially having lower capital growth prospects due to the limited land scarcity and lower amenity of these types of homes.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

When you're buying your first home, if it's in an apartment or unit or townhouse complex, it's going to have what's called a body corporate (in Victoria we call it an owners Corporation)
In today's episode, we explore everything you need to know about body corporates, because there’s a lot of misconceptions out there. We discuss WHO the body corporate actually is, what they do, what your fees go towards (and what are considered ‘reasonable’ fees), special levies, body corporate rules you might need to be aware of, how decisions get made, and a BUNCH of other answers to questions which you never knew you had!


Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

There is no doubt if you’re a first home buyer you will have heard the phrase off the plan before. You might have read about people who bought a property off the plan and then three years later when it settled they’d instantly made hundreds of thousands of dollars in equity. Or you might have heard those stories where other people have bought off the plan and then the property doesn't look anything like what they expected, or horror stories where they’ve lost their deposits or worse. Like with any property strategy there can be winners and losers, but it’s fair to say that buying off the plan is one of the riskiest types of properties you can purchase.
In todays we run through all things you need to know about off the plan properties, the difference between off the plan and house and land packages, the pros and cons of off the plan properties - spoiler alert, there’s quite a few drawbacks you need to be aware of, including what you need to know about the finance risks for off the plans, because this can be pretty major.


Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

In todays episode we are delving into loan pre-approvals. Now, every episode in this series is important, but if I had to choose which one was the MOST important episode for you to listen to, this is it. If we make a mistake with our finance, the worst case scenario is that we can lose our deposit, and in some situations there can be extra financial and legal ramifications on top of this. So it’s something we absolutely do not want to take any risks on. Today I’m joined by James Ruddick - mortgage broker from Loan Market.
We run through the difference between a pre-approval and formal approval, the process in getting a pre-approval, the risks of not having one, what kind of things could prevent us from being approved. We'll also discuss bank valuations and also the types of properties which the banks don’t like, it’s these types of properties which you might not be able to get finance for, or might be harder for you to resell in the future.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

Did you know that technically you can buy a property with no deposit if you use a Guarantor Loan?? Having a Guarantor Loan means that you can buy a home with less than a 20% deposit (technically zero deposit) and not pay lenders mortgage insurance (LMI), but there are risks involved - so you need to make sure you understand all of the pros and cons.
Mortgage broker Evelyn Clark takes us through the ins and outs of Guarantor Loans. We explore how they work, who can be your guarantor, why you might want to consider this type of loan, how it impacts your guarantor and the risks involved and how long until you can ‘release’ your guarantor. And, importantly, how you can start having a discussion with your parents about potentially being your guarantor.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

The First Home Super Saver Scheme is basically legal money laundering. And if that doesn’t get you excited, I don’t know what will.
The Scheme allows first home buyers to save extra money for their first home inside their super, and take it back out again at a lower tax rate. And saving on tax = WIN.
Our special guest is Conaill Keniry, a financial adviser and the director of What If Advice.
In this episode, we explore:
How tax works with our super fund
The ways we can contribute to our super and how they differ
The maximum amount we can contribute each year
How the Scheme benefits first home buyers
How the extra money in my super gets invested, and if there’s any risks if the share market drops
If it has any impacts on my HECS repayments
The process for taking money back out of your super when you’re ready to buy
The timeframes involved - when I need to withdraw it, when I need to buy a property and how long I need to live there for (super important!!)
How to actually use the Scheme
Which professionals you should be speaking to


Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental