Most first home buyers wait until they feel “ready” before speaking to a mortgage broker. But what if that decision is actually delaying your plans by months—or even years?

In this episode, we’re joined by Jack Elliott from Alcove Mortgages to unpack one of the most common mistakes first home buyers make: coming to the finance conversation too late. We explore what a broker actually does, why the best time to get advice is often much earlier than you think, and how a simple conversation can reveal opportunities you didn’t know existed.

We also discuss the latest lending and policy changes affecting first home buyers, including borrowing capacity, rentvesting strategies, guarantor options, and how recent budget announcements are already influencing buyer behaviour.

If you're saving for a deposit, wondering how much you can borrow, or trying to work out when to take the next step, this episode will help you build a clearer plan and move forward with more confidence.

Episode Highlights

00:15 – Meet Jack: First Home Buyer Finance Expert

01:38 – The Cost of Waiting Too Long for Finance Advice

04:25 – The Budget Changes Every Buyer Should Know

09:05 – The Rentvesting Strategy That Stopped Working

12:18 – Why Earlier Finance Advice Creates More Options

14:25 – The Questions a Good Broker Should Ask

16:45 – Don't Buy a Home You'll Outgrow Too Soon

21:14 – What Mortgage Brokers Really Do Behind the Scenes

23:18 – Why Good Brokers Don't Disappear at Settlement

26:25 – Lessons From Jack's First Property Purchase

29:01 – Three Actions to Take Before You Buy

32:19 – Final Takeaways for First Home Buyers

Connect with Jack

• Book a Get To Know You Chat with Jack

Course Details:

• THE First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process – It’s the next best thing to having your own buyer’s agent. With our expert guidance, you’ll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG

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