Deciding whether to invest in property or buy a home to live in is tough. Although the decision might seem straightforward, the consequences can have a lasting impact on your financial future.

When you think about buying a home, there are hurdles like figuring out if you can afford to buy where you really want to live. . On the flip side, rentvesting gives you flexibility, but you need to watch out for changes in the rental market and think long-term about investing and its potential impact on your future ability to buy a home.

In this episode, we talk about the pros and cons of both options. Join us as we dive into the rentvesting versus homeownership debate, examining the advantages, disadvantages, and everything in between.

Episode Highlights:

00:00 - Introduction

02:06 - Should you rentvest or buy a home to live in?

03:16 - Two critical questions one must ask themselves before considering rentvesting

08:42 - Who are the two most ideal candidates for rentvesting?

10:52 - Rentvesting pro #1: You can buy anywhere

14:16 - Rentvesting pro #2: You get rental income

15:45 - Rentvesting pro #3: You get tax deductions if it’s negatively geared

17:13 - Rentvesting con #1: You have no access to grants/incentives as a first home buyer

20:17 - Rentvesting con #2: It could limit your borrowing capacity to buy your future home

24:29 - Rentvesting con #3: The potential uncertainty and risks associated with renting

25:55 - Rentvesting con #4: Selling an investment property incurs capital gains tax

29:03 - Bonus: What you need to know about investment properties and land tax

Resources mentioned in this episode:

• Courses for first home buyers who don’t want to miss a step: https://homebuyeracademy.com.au/all-courses
• The Stepping Stone Strategy Tutorial https://homebuyeracademy.com.au/ssstutorial
• Kick start your property journey here: https://homebuyeracademy.com.au/tutorials

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our ultimate 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.

There are many important decisions to make when buying your first home, from using grants, evaluating properties, down to dealing with financing issues. Without the right help, first home buyers could end up overpaying for a property or buying in less desirable locations, which can negatively impact both financial well-being and long-term satisfaction with the purchase.

In this episode, we pick up from Part 1 and dive deeper into the challenges faced by most first home buyers.

If the process of buying your first home seems challenging, this episode is for you. Tune in for clear, actionable advice that will help you feel more confident and prepared. Join us, bring your questions, and take a big step towards making your dream home a reality.

Episode Highlights:

00:00 - Introduction

02:26 - Are there restrictions on using first home grants for investment purposes?

05:26 - Factors to consider when buying in a complex with many units

08:51 - What are the expected growth rates for apartments compared to houses?

11:53 - Is a 3 by 3.14 metre bedroom size considered acceptable for resale?

14:18 - What steps can be taken if a bank's property valuation is less than your offer?

19:40 - Is it advisable to buy a house on a battleaxe block along a main highway?

24:13 - Are there unique investment opportunities in unit-dense suburbs?

Resources mentioned in this episode:

• Your First Home Buyer Guide Podcast Episode #171: How Can We Help? Real Estate Solutions from Campfire Questions - Part 1 https://homebuyeracademy.com.au/podcasts/171

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our ultimate 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.

Real estate can be tricky especially for first home buyers, and it's easy to feel stuck or lost when trying to buy or invest in property. Without access to reliable guidance, not knowing who to talk to or turn to — it can easily become a struggle to know the right steps to take and the right decisions to make.

Every Wednesday, we hold a weekly campfire for Your First Home Buyer Guide students so they can have direct access to ask us any property-related questions. And in this two-part series, we share some of the questions that we believe resonate with a lot of first home buyers. We break down complex queries into easy-to-understand tips and strategies.

This is for anyone who might feel like they're stuck somewhere along the home buying process, and whether you're new or experienced, we tackle practical solutions to help you succeed. Tune in now and let's get started!

Episode Highlights:

00:00 - Introduction

02:28 - Special house of the week!

07:13 - What to do when fluctuating income affects your mortgage eligibility?

10:40 - Ready to buy, but unsure: tips for dealing with uncertainty and fear

15:49 - Is it worth it to use a buyer’s agent?

21:03 - Tips for short-term decision-making in buying a property based on your current needs

26:01 - Who to consult for a cash flow analysis before investing in property?

27:14 - How to grade apartment blocks with commercial areas in limited residential zones?

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our ultimate 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.

Feeling scared about taking on a long-term mortgage commitment for your first home? You're not alone! It's quite a common worry but if you let fear hold you back, it can stop you from making your dream of owning a home a reality. 

Without facing these worries head-on, you could end up stuck, not knowing how to move forward and buy the house you've been dreaming of.

Today, we have Aaron Christie-David — managing director & mortgage broker at Atelier Wealth, together with Damien Walker — who is director & mortgage broker at the same company. They're here to share some tips on how to tackle those scary feelings about long-term debt.

Join us as we break down the common fears first home buyers face and discover some simple but impactful strategies to beat them. Don't let fear stop you from getting your own place—tune in and take the first step toward owning your dream home.

Episode Highlights:

00:00 - Introduction

02:26 - Meighan’s special house of the week

03:36 - Who are our guests for today?

04:02 - What fears do borrowers, particularly first home buyers commonly have?

06:01 - What is the fear setting process all about?

10:32 - The cost of inaction for fear of taking on a long-term debt commitment

15:48 - Why is fear setting critical in property ventures?

20:17 - Strategies that encourage clients to confront and overcome their home buying fears

22:48 - What kind of fear do first home buyers need to have?

28:51 - Why having the right support crew is the first important step in home buying

32:04 - How different generations can overcome challenges in property ownership

35:09 - Finding the right buyer’s agent to support you in your first home buying journey

37:27 - Benefits of integrating emotional awareness into the home buying experience

39:46 - One thing that Aaron and Damien wished they knew as a first home buyer

About Our Guests:

Aaron Christie-David is the Managing Director of Atelier Wealth, which he co-founded with his wife Bernadette several years ago. Aaron is highly qualified and has a wealth of knowledge and experience in the Finance Industry.

Damien Walker is the Director of Atelier Wealth, and has spent the last 6 years as part of the Atelier Wealth family, bringing both financial qualifications and experience to the team.

Connect with Aaron and Damien:

• Website https://atelierwealth.com.au/
• Aaron’s LinkedIn https://www.linkedin.com/in/aaronchristiedavid/
• Damien’s LinkedIn https://www.linkedin.com/in/damien-walker-/

Resources mentioned in this episode:

• Your First Home Buyer Guide Podcast Episode #125: Property Buying Life Cycle: Through the Lens of a Financial Advisor https://homebuyeracademy.com.au/podcasts/125
• The Psychology of Money by Morgan Housel https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our ultimate 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.

Purchasing a home in regional areas seems like an attractive prospect, however, the perception of lower prices can often mask hidden risks and challenges. Without the right guidance, first-time buyers may find themselves facing unexpected hurdles and potential financial setbacks.

What are the implications of overlooking common mistakes when purchasing property in regional locations?

In this episode, we're joined by Matt Ward, a seasoned buyer's agent and the founder of WPG Advisory. With over 25 years of industry experience in navigating the Central West New South Wales real estate market, Matt is uniquely positioned to share indispensable advice about buying property in regional locations.

Tune in to learn the important dos and don'ts when buying property in the countryside. IF you're thinking about moving away from the city or just exploring new opportunities, this episode has all the advice you need to avoid expensive mistakes.

Episode Highlights:

00:00 - Introduction

02:15 - Who is our guest for today?

03:30 - What’s happening in regional New South Wales?

06:56 - Key factors for buyers to consider when moving to a regional location

09:53 - Tips for accurately assessing property value and growth potential in a specific area

12:50 - What trends are emerging among first homebuyers in regional towns?

15:04 - What is the typical income needed to afford a median-priced house for first-time buyers?

20:34 - What drives capital growth differences in regional areas like Orange and Tamworth?

27:18 - Are high yields driving investor interest in regional areas like Tamworth?

34:34 - Is proximity to town centers a factor in land release locations in regional towns?

42:01 - One thing Matt Ward wishes he knew as a first home buyer

51:08 - Key takeaways from this episode

About Our Guest:

Matthew Ward is the Founding Director of WPG Advisory, he is a Certified Practicing Valuer (CPV) with the Australian Property Institute in NSW, a licensed buyer’s agent and a registered valuer with over 25 years of industry experience. In addition to his international experience, Matt is also a member of the Real Estate Buyer’s Agents Association of Australia. He is committed to ensuring success for his clients by navigating them through the complexities of the property market with expertise and dedication.

Connect with Matthew Ward:

• Website https://wpgadvisory.com.au/
• LinkedIn linkedin.com/in/matthew-ward-645b8ba/

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our ultimate 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.

Putting off asking for advice can mean making mistakes that can't be fixed, especially when it comes to buying property. Misreading the market or not understanding the rules can cause problems that stick around for a long time. Many of us wait until we've already made a decision, only to realise the consequences could have been avoided with timely guidance.

In this episode, we're flipping the script. Instead of waiting until it's too late, we dive into the importance of seeking advice at the right time, especially when it comes to buying your first home. We're here to explore why waiting until the eleventh hour to seek guidance often leads to irreversible mistakes and, ultimately, regrets.

Don't wait until it's too late to ask for help with property decisions. Tune in to this episode and learn how to seize the right opportunities and sidestep the wrong ones.

Episode Highlights:

00:00 - Introduction

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

03:31 - Can I negotiate a longer settlement period after winning a property auction?

07:19 - What to do when a vendor doesn’t respond to your offers

10:13 - Why was my offer, subject to building pest and inspection, passed over for a lower bid?

12:47 - Treat the agents and vendors with respect before it gets too late

17:16 - I signed a contract and paid a $1,000 deposit on the land, is it a good property?

20:08 - Can we call off the contract because of property flooding one week before settlement?

21:32 - Lawyer advises against contract terms, vendor won't amend. What to do?

23:22 - Can I still cancel the contract I already signed due to strata report findings?

26:08 - Can I retract an offer for an off-market property I now think is too expensive?

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our ultimate 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.

Your initial meeting with a mortgage broker could make or break your home buying journey. Without proper preparation and knowledge of what to expect, this initial encounter can potentially lead to confusion and missed opportunities in securing the right mortgage for your needs. But what can you expect when meeting with a mortgage broker for the first time?

In today’s episode, we're joined by Aidan Hartley, a distinguished mortgage broker known for his expertise in assisting first-time homebuyers through his business, Blue Owl Finance. Aidan's extensive experience and track record make him the perfect guide to help you prepare better for that first mortgage broker meeting.

If you're gearing up for your initial sit-down with a mortgage broker or simply seeking insights into the process, tune in! This episode will teach you how to deal with mortgage brokers with confidence giving you a great head start towards homeownership.

Episode Highlights:

00:00 - Introduction

02:13 - Meighan’s special house of the week

03:06 - Who is Aidan Hartley?

03:32 - Why Aidan decided to start a broking business in the middle of lockdown

04:49 - When do people usually book a mortgage broker?

06:16 - When is it considered too late to talk to a broker?

10:27 - Is there such a thing as too early when meeting with a mortgage broker?

12:59 - What a prospective borrower needs to bring to the first meeting with a broker

16:19 - What questions would a good broker ask to ensure a good fit with a client?

19:09 - What information do first home buyers seek from a broker in the first meeting?

22:33 - Why some brokers would specifically avoid some lenders

25:24 - The importance of timing in relation to lender turnaround times and the trade-offs

27:42 - What first home buyers need to ask when meeting with a broker for the first time

29:00 - What is one thing Aidan wishes he knew as a first home buyer

About Our Guest:

Aidan Hartley is an experienced mortgage broker and the owner of Blue Owl Finance, a company that specialises in helping first time home buyers solve their home loan problems hassle-free with the lowest rates.

Connect with Aidan Hartley:

• LinkedIn https://www.linkedin.com/in/aidan-hartley/
• Website https://www.blueowlfinance.com.au/

Resources mentioned in this episode:

• 5 questions you MUST ASK your mortgage broker https://homebuyeracademy.com.au/brokers

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our ultimate 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.

Buying your first home can feel really challenging without a clear guide to follow. This lack of understanding can lead to confusion, frustration, and costly mistakes throughout the home buying process.

Without a clear roadmap to follow, individuals may miss crucial steps or make uninformed decisions that will, in turn, impact their financial wellbeing.

In this episode, we provide a straightforward breakdown of the 10 essential steps you need to follow when buying your first home.

If you're contemplating purchasing your first home but feel overwhelmed or just need a refresher, this episode has everything you need to take the next step. Tune in now.

Episode Highlights:

00:00 - Introduction

05:29 - Phase 1: Preparation

06:16 - Step 1: Having a good support crew

09:21 - Step 2: Setting aside money

11:57 - Step 3: Planning

15:06 - Phase 2: Action

16:05 - Step 4: Search and inspect

18:44 - Step 5: Revise and correct

22:31 - Phase 3: Commitment

22:41 - Step 6: Methods of sale

24:17 - Step 7: Evaluation

30:18 - Phase 4: Execution

30:40 - Step 8: Contract of sale

33:59 - Step 9: Negotiation and auction

37:25 - Step 10: Settlement

Resources mentioned in this episode:

• Your First Home Buyer Guide Podcast Episode #164: 10 Things We Wish We Knew as First-time Home Buyers https://homebuyeracademy.com.au/podcasts/164

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• 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.

Buying a home for the first time is a significant milestone, but doing so in  an unfamiliar area does add quite a few layers of complexities, especially concerning affordability and market dynamics. Today, we discuss the challenges that arise when buying a first home in a regional area like Dubbo.

In this episode, we are joined by Damian Hoar — a finance analyst at Money Saver Home Loans and co-host of the Finance and Property Survival Guide podcast. With his background in finance and extensive experience in the property market, Damian brings a wealth of knowledge to this discussion.

Having bought his own first home in Dubbo, Damian tells us about the ups and downs he went through. He admits that despite getting good advice, he sees some things he could've done better, making his story so relatable to first home buyers.

So tune in to this episode and learn from Damian's story so you can get better prepared for your own home-buying journey.

Episode Highlights:

00:00 - Introduction

02:12 - Meighan’s special house of the week

02:31 - Who is our guest for today

03:13 - Damian Hoar’s backstory

09:28 - Damian shares the challenges and lessons from saving a deposit for your first home

18:40 - The BIGGEST lesson Damian learned during his first home buying journey

24:22 - Why it’s important NOT to let the process of negotiation impact your property decision

27:48 - Damian’s experience with rising interest rates 18 months ago

29:19 - What's the definition of fixed and variable rates?

33:09 - Handling the responsibilities that come with homeownership

38:40 - How has homeownership influenced Damian's perspective on life?

40:21 - How homeownership has changed Damian's perspective on wealth and priorities

47:10 - What's the most important advice from Damian for those considering homeownership?

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• 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.

Buying your first home?  Ever wondered what important information you might be missing?   Without essential knowledge, first-time homebuyers can make costly mistakes that could affect your financial stability and overall satisfaction with your purchase.

In today's episode, we share the top 10 things we wish we knew when we were first-time buyers. From understanding mortgage options to learning how to negotiate effectively, we give practical tips and share our personal experiences to help you make smart decisions on your home buying journey.

If you want to avoid rookie errors and feel more confident about buying your first home, listen to this episode now.

Episode Highlights:

00:00 - Introduction

02:19 - Meighan’s special house of the week

03:50 - Lesson #1: The importance of understanding the buying process

06:05 - Lesson #2: How to find the right people to help in the home buying journey

10:08 - Lesson #3: Knowing what to look for in a property

14:45 - Lesson #4: Working out what to pay

17:27 - Lesson #5: What NOT to do with a renovation

21:47 - Lesson #6: Who are the agents really working for?

25:17 - Lesson #7: How to structure things from a financial perspective

29:54 - Lesson #8: How much extra money one would need for additional costs

32:40 - Lesson #9: Thinking too long-term

35:10 - Lesson #10: Thinking too short-term

Resources mentioned in this episode:

• Your First Home Buyer Guide Podcast Episode #41: 6 Things We Wish We Knew Before Buying Our First Property https://homebuyeracademy.com.au/podcasts/041
• Your First Home Buyer Guide Podcast Episode #48: What You Need to Know Before Buying Property to Renovate https://homebuyeracademy.com.au/podcasts/048
• Your First Home Buyer Guide Podcast Episode #67: How to Deal with Real Estate Agents https://homebuyeracademy.com.au/podcasts/067
• Your First Home Buyer Guide Podcast Episode #9: What is the Importance of a Borrowing Strategy? https://homebuyeracademy.com.au/podcasts/009
• Your First Home Buyer Guide Podcast Episode #87: Avoiding Unexpected First-Home Costs: What to Expect https://www.homebuyeracademy.com.au/podcasts/087

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• 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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