Today's episode is all about the home buying journey of another Home Buyer Academy Graduate who successfully tackled the tricky task of buying a home in Melbourne.

Gwenda spills the tea and takes us through the ups and downs of her story, talking about what she thought would happen, what really went down, and the smart moves that allowed her to conquer the home buying mountain.

Picture this episode as your sneak peek into the playbook of someone who's already scored a win. So whether you're on the house-hunting hustle or just curious about how things roll in Melbourne's housing game, this episode's got you covered.

Episode Highlights:

00:00 - Introduction

02:20 - When did Gwenda decide that she wanted to buy her first home?

03:36 - How Gwenda came up with the deposit

07:40 - When did Gwenda turn up for the campfire sessions

09:44 - What influenced Gwenda into deciding NOT to act on the two initial properties

12:33 - The difference between doing on-the-ground exploration and just researching online

15:09 - How Gwenda readjusted her thinking and reassessed the type of property she wanted

19:30 - Gwenda shares the story behind her change in property preference

24:35 - How Gwenda knew she found the right property

27:34 - The story of how Gwenda snagged the property she wanted

30:29 - What happened after Gwenda made the offer

34:29 - Gwenda shares her Home Buyer Academy timeline

38:23 - How Gwenda now feels about having a mortgage

41:48 - Gwenda’s advice for those who are thinking of getting the First Home Buyer Guide Course

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.

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!

• 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 episode, we take a deep dive into Nick and Grace's experience, exploring the ups and downs of their home-buying adventure. They spill the beans on their early assumptions, the hiccups they faced, and the smart moves they made to avoid common mistakes. It's not just a success story; it's a roadmap for those of you gearing up for your own home-buying adventure.

As we unpack Nick and Grace's story, we tap into the wisdom of the Home Buyers’ Academy, highlighting how knowledge and savvy decision-making can be your secret weapons in the property world.

Don't miss out on the chance to learn from Nick and Grace's experiences—as they turn their journey into a guide for every newbie in the Aussie property scene. Tune in for some practical tips and a boost of motivation as you set out to seal the deal on your very first home!

Episode Highlights:

00:00 - Introduction

02:22 - When did Nick & Grace decide that they want to buy their first home?

05:11 - How did Nick & Grace manage to expedite their deposit-saving process?

09:21 - When did they first start learning about how to buy a property?

17:44 - Trade-offs considered between the 3 P's in the couple's housing decision

22:53 - Nick & Grace shares the timeframe of their journey with Home Buyer Academy

28:52 - How Nick & Grace came across the off-market property and what ensued

39:07 - How the couple feels now that they have a mortgage

42:54 - How long do Nick & Grace plan to live in this house?

46:03 - Nick & Grace’s advice to those who are thinking about the First Home Buyer Guide Course

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.

What if we told you there are two powerful tools at your disposal, capable of turning your homeownership dreams into reality sooner than you think? Imagine achieving that goal without having to save for years to get a 20% deposit?

Today, we're joined by Michael Nasser - Director of Lendstreet Mortgage Brokers, and he's here to break down the options for you; guarantor loans and the government's deposit guarantee scheme, so you can see how these options can make buying a house less scary and more doable, especially if you don't have a ton of money.

Tune in for a must-listen guide for first home buyers in Australia, and turn your homeownership dream into a reality sooner than you think.

Episode Highlights:

00:00 - Introduction

02:15 - Meighan’s special house of the week

03:40 - Who is Michael Nasser?

04:28 - How does the government’s deposit guarantee scheme work?

06:02 - How does one qualify for the government’s deposit guarantee scheme?

09:26 - Two rules on stamp duty exemptions

10:57 - How many places are currently available for the program?

12:29 - Is securing a spot for pre-approval early in the financial year advantageous?

16:21 - How can buyers assess a broker's knowledge in the housing program space?

17:33 - Considerations for clients who have saved more than 5% for a home purchase

20:03 - Is the housing scheme strictly 5%, or can you contribute more, like 8% or 10%?

23:52 - Michael’s insights into the pros and cons of LMI

25:35 - Additional legal requirements for the government’s deposit guarantee scheme

29:29 - What is a guarantor loan?

31:45 - Additional legal requirements for a guarantor loan

38:46 - Instances where guarantor loans have faced complications or negative outcomes

39:55 - How is the guarantor's portion of a loan calculated in a property purchase scenario?

44:04 - One thing Michael wishes he knew as a first home buyer

About Our Guest:

Michael Nasser is a mortgage broker and the Director of Lendstreet Mortgage Brokers – a platform that offers everything you need to make informed decisions about your financial future. Michael has almost ten years in the mortgage brokering industry and he extends his mission in helping borrowers and home buyers understand and experience lending better in the articles that he writes.

Connect with MIchael Nasser:

• Connect with MIchael on LinkedIn: https://www.linkedin.com/in/michael-nasser-ls/
• Visit their website: https://lendstreet.com.au/

Resources mentioned in this episode:

• Check out The National Housing Finance and Investment Corporation website https://www.housingaustralia.gov.au/
• Episode 141: Why Lender’s Mortgage Insurance isn’t Always a Bad Choice: https://homebuyeracademy.com.au/podcasts/141
• Episode 60: Why It's Important for Home Owners to Insure Themselves https://homebuyeracademy.com.au/podcasts/060
• Episode 49: What Can Go Wrong When Borrowing from the Bank of Mum & Dad? https://homebuyeracademy.com.au/podcasts/049

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.

In this episode, we delve into the burgeoning world of online property forums. While these forums may seem like supportive communities, their lack of industry expert moderation can turn them into potential minefields of misinformation. We explore the common questions that arise in these online spaces, revealing how they can inadvertently lead first home buyers into financial pitfalls.

It's not uncommon for users to encounter scenarios that resonate with their own frustrations in the world of online property forums. The allure of finding a group filled with like-minded individuals facing similar situations can be powerful. However, what concerns us is the possibility of these platforms steering people towards potential financial risks.

The questions raised in these online discussions often shed light on common challenges faced by homebuyers. Yet, some of the answers provided — no matter how well-intentioned, could unknowingly dig first home buyers an even deeper hole for themselves. That's why it's so crucial to engage in these forums with caution and supplement the shared experiences with professional advice.

Tune in and join us as we separate fact from fiction in the online property forum realm.

Episode Highlights:

00:00 - Introduction

02:59 - Question #1: Can I move in straight away after settlement?

06:26 - Question #2: What are the key considerations for a solo homebuyer at 24?

10:42 - Question #3: Should a frustrated tenant influence my property buying decision?

17:11 - Question #4: What's the acceptable percentage discount for cash offers?

20:41 - Question #5: Is it foolish to wait for home prices to drop or is it worth the risk?

25:31 - Question #6: What is the step-by-step guide for buying a house as a first home buyer?

Resources mentioned in this episode:

• Your First Home Buyer Guide Podcast Episode 149: Should First-Time Buyers Trust Predictions of Property Booms and Busts? https://homebuyeracademy.com.au/podcasts/149

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.

Property price guides can be a source of considerable frustration for potential buyers, especially when they lack sufficient knowledge about how to interpret them. It's like trying to solve a puzzle without all the pieces. What do those numbers really mean, and why are some properties listed with a price guide while others remain shrouded in mystery? Our goal today is to make everything easy to understand and help you confidently step into the world of owning your own place.

Have you experienced the frustration of browsing a real estate website, eager to discover your perfect home, only to encounter listings that either obscure their prices or initially advertise figures significantly lower than the eventual selling cost? If that sounds familiar, that means you're not the only one. And today, we're pulling back the curtain on the often secretive world of property price guides.

If you're a newbie or thinking about leveling up your home game, knowing the ins and outs of property price guides is your key to success in the real estate world. Get ready for a discussion that'll keep you in the loop and set you up to handle the property market with confidence.

Episode Highlights:

00:00 - Introduction

02:14 - How did real estate transactions work in the late '90s?

04:03 - How have pricing strategies in real estate undergone transformation over the years?

06:48 - Option #1: Properties listed with a price

07:08 - The dangers of adopting a lazy pricing strategy in real estate

11:24 - Why the asking price is actually irrelevant

13:01 - Option #2: Properties listed with a price range

17:38 - The difference between a private treaty and an auction with a price range

20:35 - Option #3: Properties with no price

23:06 - The challenges of buying a property in Queensland without proper price information

25:45 - One reason why sometimes properties don’t have a price guide

27:53 - The importance of understanding the true value of a property

Resources mentioned in this episode:

• Click the link below to get our FREE mini course on How to Price Property Like a Pro: https://homebuyeracademy.com.au/free_mini_course_opt_in

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.

We've all heard the hype from bank economists and property forecasters about the soaring property prices one moment and the impending market crash the next. But what's the real story behind these predictions? Are they reliable indicators for those of you who are eager to step onto the property ladder for the first time?

In this episode, we explore the nuances of property market predictions and the factors that can sway them. We're going to chat about whether it's okay to trust property forecasts and help you figure out what's real and what's just hype.

Join us as we sift through the data, share real-life stories about first-time buyers who've faced the challenge of unpredictable property markets, and ultimately answer the burning question: Should first-time buyers trust predictions of property booms and busts?

Episode Highlights:

00:00 - Introduction

01:58 - Should you really be listening to property market predictions?

04:46 - What are the limitations when economists try to predict real estate market trends?

09:08 - What impacts property market forecasts

14:10 - The media loves reporting on the the most alarming property market predictions

16:30 - How economists often neglect the role of human behavior in driving market trends

19:03 - Emphasis on the importance of long-term investment in property

20:52 - The dangers of biases in supposedly expert opinions on property predictions

26:05 - The importance of critical thinking when evaluating property forecasts

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.

As we often stress in previous podcast episodes, we do recognise the challenges and importance of acquiring your first home. So today, we're here to answer your questions and address common challenges that first home buyers face when deciding where to plant their roots. We explore factors like budget, proximity to essential amenities, future growth prospects, and more.

Our aim is to provide you with the knowledge you need to make the best decision for your unique needs and preferences. So, whether you're a first-time home buyer who's just started your search or someone further along in the process, this episode is packed with valuable information to guide you towards making the right location choices.

Making the right location choices is not just about finding out where to buy your first home; it's more about finding your future community, so join us!

Episode Highlights:

00:00 - Introduction

02:05 - Meighan’s special house of the week

03:51 - Apartment, townhouse, or house: Which is right for me on the Gold Coast?

08:54 - What are my options in Sydney's property market with a limited budget?

15:12 - Finding suitable housing with limited borrowing capacity and a healthy deposit

20:16 - Where to live: Blue Mountains for work or Sydney for a social hub?

24:30 - What are our options in buying an investment property from abroad?

29:51 - How to choose a first home buyer's agent I can trust?

Resources mentioned in this episode:

• Where to buy Tutorial: https://homebuyeracademy.com.au/workshop
• Get the comprehensive Kickstart Bundle with three tutorials to get you started: https://homebuyeracademy.com.au/tutorials

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.

In today's episode, we're drilling down into the fine art of dealing with real estate agents. See, when you're in the market for your very first home, it's not just about uncovering the perfect property; it's about equipping yourself with the right questions to ask real estate agents. And trust us, it's a make-or-break situation. The intel you extract from them can be a game-changer, influencing not only your decision-making but also your ability to score a favorable deal.

We won't just scratch the surface with the "asking price" and "motivation to sell." We dive deep into  the nitty-gritties, like a property's history, market insights, and a few other questions that could potentially shield you from future headaches, or give you the upper hand.

Consider this episode as your comprehensive guide to dealing with agents so that you make  wise choices especially when it comes to your first property purchase. Hit that play button now, so you know the precise questions to ask real estate agents and be able to clinch that dream property!

Episode Highlights:

00:00 - Introduction

02:08 - Meighan’s special house of the week

05:13 - What is the price guide?

07:46 - What is the sales history?

10:28 - Have there been any offers?

12:05 - Are you or the owner aware of any issues?

14:15 - BONUS QUESTION

15:29 - Are there any unapproved additions?

18:39 - Can you tell me about the neighborhood?

22:35 - What is your sales process?

27:06 - Have the owners already purchased?

28:30 - What is the owner’s ideal settlement period?

Resources mentioned in this episode:

• How to Price a Property Like a Professional https://homebuyeracademy.com.au/free_mini_course_opt_in

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.

In an increasingly challenging property market, the dream of owning your first home may seem like a distant goal. But, don't lose hope! In this episode, we'll show you why giving up as a first home buyer in Australia is not the solution.

The ANZ Corelogic Affordability Housing Report paints a challenging picture for first-time home buyers. But in this episode, we break down these challenges and give you practical advice on how to overcome them.

Join us as we explore the 5 reasons not to give up as a first home buyer. We believe that with the right information, determination, and a little inspiration, you can conquer these challenges and achieve your dreams of owning a home in today's property market.

So, don't throw in the towel just yet. Tune in and let us help you get the motivation and knowledge you need to take those crucial first steps toward your first home!

Episode Highlights:

00:00 - Introduction

02:11 - Meighan’s special house of the week

03:40 - Challenge #1: The time it takes to save a deposit

05:31 - Solutions for first home buyers saving for a deposit

12:36 - Challenge #2: The rising cost of living

14:33 - How to address the challenges of the current rising cost of living

17:24 - Challenge #3: Servicing the debt

19:13 - Solutions for overcoming the challenge of servicing the debt

26:05 - Challenge #4: More listings don’t necessarily mean cheaper prices

27:44 - Adapting to the dilemma of increased listings and stable prices

30:16 - Challenge #5: The fear of expanding mortgage debt

30:58 - Dispelling the fear of expanding mortgage debt

Resources mentioned in this episode:

• The ANZ Corelogic Housing Affordability Report 2023 https://news.anz.com/posts/2023/05/anz-news-corelogic-housing-affordability-report-2023
• Episode 141: Why Lender’s Mortgage Insurance Isn’t Always a Bad Choice https://homebuyeracademy.com.au/podcasts/141

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!

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