As interest rates continue to soar, so do the chances of many homeowners losing their properties due to unaffordability….

But property owners are not the only ones bearing the impact.

Aspiring first home buyers are also starting to lose their faith in their dream of purchasing their first house.

In today’s episode, we discuss the best approaches to coping with rising interest rates, whether you’re a homeowner or a home hunter.

We also look into how interest rate rises lead to a decrease in a buyer’s borrowing capacity, how the borrowing capacity is calculated, what the best first step is in the current market conditions, and more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. Jaz’s case study: coping with rising interest rates [04:05]
2. The importance of having a borrowing strategy [11:11]
3. Rising interest rates as a bigger enemy [16:57]
4. The upward pressure on prices [21:16] 
5. Increasing your income as an option [25:07]
6. Looking for good buying opportunities [28:35]
7. Is waiting for prices to fall a good strategy? [31:51]

 

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!

See omnystudio.com/listener for privacy information.

When it comes to property purchases, as a buyer, it is necessary to know the types of  conditions you might be able to add into your contract.

In today’s episode, we’re talking about these special conditions you may want to consider in your private treaty negotiations. 

We also discuss the reasons why most buyers opt to include these special conditions in their contract, from building and pest inspections to the sunset clause.

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. Private treaty negotiations: making conditional offers [03:14]
2. Common conditions in a contract [04:09]
3. The subject to building and pest inspection clause [08:05]
4. Can you insert these conditions in your contract yourself?  [16:32] 
5. The subject to sale clause [28:38]
6. The sunset clause [31:06]
7. The subject to a personal inspection clause [33:59]
8. The benefits of these conditions in your contract [35:57]
9. Not all conditions are necessary [40:10]

 

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!

See omnystudio.com/listener for privacy information.

Government incentives, like grants, have helped many first home owners turn their dreams into reality…

For this young couple, however, their first home dreams have become a nightmare.

What had led to them losing a $15,000 grant–and what should have they done differently?

In this episode, we are talking about the one risk around home buyer grants that is rarely talked about. We also discuss what makes one eligible (and ineligible) for government incentives, how you can mitigate risks, and how the RIGHT experts can guide you through the process of owning your first home!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. How did this young couple lose their first homeowners grant? [04:13]
2. The steps in the conveyancing process [09:58]
3. Why it's important to get advice before you commit [12:03]
4. Sales agents aren’t always reliable  [14:23] 
5. How could the couple have avoided this mishap? [17:17]
6. Understanding conveyancing protocols [19:36]
7. Grants as a property selection tool? [20:44]

 

Links from the Show: 

• https://9now.nine.com.au/a-current-affair/young-couple-lose-first-homeowners-grant-on-brand-new-house-claiming-they-were-misled/7c03d747-d91b-47f5-af0b-a53a753fa796?ocid=Social-ACA&fbclid=IwAR0PYuudpPnYdQRmspCPNIAwUGaf82hQhOagvsMAbsf4LQnLcWp-W5r6ct8
  
  

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!

See omnystudio.com/listener for privacy information.

There is no single Australian property market. 

This is why the value of a house is not set in stone and does not necessarily reflect the value of other properties in the same area. 

So… what makes one property worth more than another in the future?

In today’s episode, we discuss 11 different properties in New South Wales and their performance over a ten year period. How did some increase in price so much more than others and what determines their value in the long run? 

We also talk about the importance of doing research on property sales history, the neighborhood, and more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. Why identifying capital growth is essential for investors [09:42]
2. 11 different investment outcomes [12:21]
3. Qualities of the lowest performing property over a 10-year period [13:41]
4. Why your property’s sale history matters [16:26] 
5. Maximizing your villa as an investment [19:02]
6. The price has to meet the market [24:06]
7. Increasing property value through renovating [28:06]
8. Top performers: House and land packages [36:00]
9. “Highest and best use” – looking at the zoning and local building codes [39:12]
10. Rising tides does not lift all ships [46:12]

 

Links from the Show: 

• https://vimeo.com/747148921
• https://vimeo.com/747156550
  

 

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!

See omnystudio.com/listener for privacy information.

The first few steps to becoming a first home buyer are the most difficult to take…

Some of your concerns may be: “Am I financially secure enough to start investing in property?” or “How do I avoid getting scammed by property agents?” or even “What if I accumulate way too much debt?” 

If you have absolutely no idea WHERE and HOW to start, don’t worry, you are not alone in the struggle and we are here to guide you through the whole process!

In today’s episode, we are answering ALL your questions to help you start your first home buyer journey.  We also discuss planning your investment portfolio for the long-term, how much savings you should have before buying your first property, finding the best local expertise, and more! 

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. Is having debt inherently “bad”? [03:35]
2. Why long-term planning is essential for aspiring first home buyers [06:27]
3. Risk-mitigation strategies [08:22]
4. Tyranny of distance: moving interstate [10:42] 
5. The two different types of conveyances [14:02]
6. How to build a property support group [18:09]
7. Buying into an area for future liveability [19:00]
8. What is the stepping stone strategy? [23:06]
9. How much deposit should you have? [27:39]
10. The problem with buying land that hasn’t been subdivided [31:27]
11. Why taking the first step to property investing is the hardest [37:42]
12. Worried of being scammed by property agents? [39:40]
13. The importance of having access to factual information [45:21]

 

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!

See omnystudio.com/listener for privacy information.

First-home buyers definitely have it easier in the 21st century, thanks to social media.

Aside from having access to near-limitless information, they are also able to find online property communities where they can share advice, problems, stories, and more!

Unfortunately, not every member of your forum or chat group is a housing market expert–nor do some have the purest intentions at heart.

In today’s episode, we’re discussing online property communities, forums, and chat groups! Should you rely on these online “experts” for information or are you putting yourself and your property investment at risk?

We also discuss the influx of FinFluencers in the digital space, the advantages of belonging in a group of like-minded individuals, and some questionable advice from these online “experts” on bidding at auction!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. Building camaraderie through online communities [03:47]
2. What makes a property investment advisor qualified and credible? [05:15]
3. “FinFluencers” in the money space [08:54]
4. The need for unification of systems and processes in real estate [11:10] 
5. False and misleading information in online property forums [14:30]
6. What makes a good property auction bidding? [19:41]
7. Developing a holistic understanding of the property market [26:49]

 

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!

See omnystudio.com/listener for privacy information.

As the landscape of the housing market changed, so did the image of a typical first home buyer…

Aside from the shift in demographic, buyers’ taste in properties have also evolved to adapt to the  present economic conditions.

In today’s episode, we are looking into the modern first home buyer and what homes they are buying in 2022. 

We also explore what these people consider prior to investing in property, what influences buying decisions, various demographic factors for assessment, and more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. Who is the modern first home buyer? [06:11]
2. Factors behind the demographic shift [07:30]
3. Savers versus spenders: relationship dynamics [12:46]
4. The average price for a first home buyer [15:54] 
5. The type of property first home buyers prefer in 2022 [19:15]
6. Comparing the income between first home and changeover buyers [22:54]
7. The change in property location preference [25:42]

 

Links from the Show: 

• https://www.realestate.com.au/insights/who-are-modern-first-home-buyers-in-australia/
  
  

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!

See omnystudio.com/listener for privacy information.

Property prices are dropping and first home buyers are ecstatic!

Is it too good to be true? …Well, you guessed it. 

As tempting as the price drop of homes in the suburbs sounds, not all “opportunities” are what they seem. Worse–some of these might even pose a problem for you in the long run. 

In today’s episode, we’re discussing whether chasing these bargains are going to be worth your while! 

We also discuss the warning signs to watch out for when buying cheaply-priced homes, the scarcity factor of properties in the suburbs, and what determines the price growth of properties in an area!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. What’s going on in the Australian property market [03:28]
2. Falling house prices in the suburbs [06:01]
3. History is a good predictor of the future [07:39]
4. Factors that affect property demand [11:07] 
5. How can the scarcity factor affect prices? [17:12]
6. Opportunities for development in the suburbs [19:11]
7. Statistics are not always reliable [21:00]

 

Links from the Show: 

• https://www.domain.com.au/news/the-suburbs-where-property-prices-are-cheaper-now-than-they-were-5-years-ago-1136171/
  

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!

See omnystudio.com/listener for privacy information.

Hidden property fees can be quite a shocker especially to first-time home buyers.

Fortunately, no one is withholding this information from you and you can easily prevent the unnecessary financial stress by sorting all your property expenses out from the get-go!

In today’s episode, we’re doing the research for you on the “hidden” costs of buying your first house.

We also discuss budgeting for building inspections, having an efficient support group of experts, and other costs that you need to be aware of! 

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. Introduction [00:00]
2. Couple’s first-home fee shock  [03:35]
3. Budgeting for stamp duty [09:56]
4. Building and pest inspection costs [12:13] 
5. How high can bank fees get? [15:20]
6. The importance of a reliable support group  [16:45]
7. Necessary cost adjustment made on settlement [17:44]
8. There is very little margin for error when buying property [21:41]

 

Links from the Show: 

• https://homebuyeracademy.com.au/PREPARATION/first-home-buyer-costs
  

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!

See omnystudio.com/listener for privacy information.

Fixer-uppers could be diamonds in the rough.

This is why first-time homeowners are drawn to purchasing old, dilapidated properties for cheap in the hopes of being able to increase their market value. 

However, contrary to popular belief, not all renovations are worth the time, money, and effort you’re going to spend.

In today’s episode, we’re answering the age-old question: should you renovate or not?

We also discuss what to consider when buying a renovated home, the importance of engaging a project manager, various building codes, and more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. Identifying potential-rich properties [03:26]
2. Adding more than just monetary value to a home [09:53]
3. Why every renovation should have a project manager [14:50]
4. Paying attention to building codes [21:19] 
5. What to look out for when buying a renovated home [25:42]
6. The additional cost of renting while renovating [30:44]
7. Making the choice between renovating and buying a renovated property [32:35]

 

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!

See omnystudio.com/listener for privacy information.