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 [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!

• 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 [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!

• 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 [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!

• 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 [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!

• 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

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 [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!

• 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 [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!

• 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 [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!

• 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 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 - [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!

• 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

02:34 - Introduction of property experts from all across Australia

04:22 - What is the auction registration process in your state?

07:40 - Can you register during an auction in your state?

09:34 - How many bids can a vendor make in your state?

12:15 - How are questions about price or quoting usually handled by agents in your state?

17:08 - What are the craziest things you’ve seen people do at an auction?

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 [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!

• 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 [email protected]
• 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.