Your First Home Buyer Guide Podcast

A lot of first home buyers dive into the property market without adequate preparation, which makes the home buying process confusing and stressful. Today, we tackle common issues and challenges faced by many first home buyers and break down four essential steps you need to take before diving into your home search. Without these four tips, buyers risk overspending or facing unexpected obstacles. Additionally, overlooking these steps can result in dissatisfaction with the chosen property. So if you're thinking about buying your own home, tune in to this episode! These tips will help you fine tune your approach and be more confident in the decisions you will be making to find the perfect place to call home. Episode Highlights: 00:00 - Introduction 02:25 - Meighan’s special house of the week 05:38 - Tip #1: Have the right support crew around you 10:09 - Tip #2: Invest in your financial fitness 13:38 - Tip #3: Have good, hard conversations with yourself 18:25 - Tip #4: Have a checklist and know where you can compromise Resources mentioned in this episode: https://homebuyeracademy.com.au/a-quick-guide-to-pacehttps://homebuyeracademy.com.au/workshop Resources: FREE MINI COURSE:https://www.homebuyeracademy.com.au/freecoursehttps://homebuyeracademy.com.au/brokershttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

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: https://homebuyeracademy.com.au/all-courseshttps://homebuyeracademy.com.au/ssstutorialhttps://homebuyeracademy.com.au/tutorials Resources: FREE MINI COURSE:https://www.homebuyeracademy.com.au/freecoursehttps://homebuyeracademy.com.au/brokershttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee 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: https://homebuyeracademy.com.au/podcasts/171 Resources: FREE MINI COURSE:https://www.homebuyeracademy.com.au/freecoursehttps://homebuyeracademy.com.au/brokershttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee 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:https://www.homebuyeracademy.com.au/freecoursehttps://homebuyeracademy.com.au/brokershttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee 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: https://atelierwealth.com.au/https://www.linkedin.com/in/aaronchristiedavid/https://www.linkedin.com/in/damien-walker-/ Resources mentioned in this episode: https://homebuyeracademy.com.au/podcasts/125https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681 Resources: FREE MINI COURSE:https://www.homebuyeracademy.com.au/freecoursehttps://homebuyeracademy.com.au/brokershttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee 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: https://wpgadvisory.com.au/linkedin.com/in/matthew-ward-645b8ba/ Resources: FREE MINI COURSE:https://www.homebuyeracademy.com.au/freecoursehttps://homebuyeracademy.com.au/brokershttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee 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:https://www.homebuyeracademy.com.au/freecoursehttps://homebuyeracademy.com.au/brokershttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee 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: https://www.linkedin.com/in/aidan-hartley/https://www.blueowlfinance.com.au/ Resources mentioned in this episode: https://homebuyeracademy.com.au/brokers Resources: FREE MINI COURSE:https://www.homebuyeracademy.com.au/freecoursehttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee 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: https://homebuyeracademy.com.au/podcasts/164 Resources: FREE MINI COURSE:https://www.homebuyeracademy.com.au/freecoursehttps://homebuyeracademy.com.au/brokershttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee 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:https://www.homebuyeracademy.com.au/freecoursehttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee 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: https://homebuyeracademy.com.au/podcasts/041https://homebuyeracademy.com.au/podcasts/048https://homebuyeracademy.com.au/podcasts/067https://homebuyeracademy.com.au/podcasts/009https://www.homebuyeracademy.com.au/podcasts/087 Resources: FREE MINI COURSE:https://www.homebuyeracademy.com.au/freecoursehttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

As housing costs continue to rise and traditional financing options become increasingly out of reach for first-time buyers, finding an accessible pathway towards homeownership has become a real challenge in today's property market. These challenges often make it hard for people to buy a home, especially if they don't qualify for first home buyer schemes or are unable to rely on family to support their break into the housing market. It can feel like their dream of owning a home is slipping away, hence the need for fresher and more innovative solutions. Today, we have a chat with Evan Thornley, CEO of Longview — also a distinguished technology and social entrepreneur. With over seven years of dedicated efforts towards addressing Australia's housing issues, Evan shares his insights on making homeownership more accessible. Curious about alternative ways to buy your first home? Listen as Evan shares his expertise on shared equity strategies, offering insights that could change your approach to homeownership. Be informed – tune in now! Episode Highlights: 00:00 - Introduction 02:23 - Who is Evan Thornley? 03:05 - The Shared Equity Scheme 07:37 - Where does the money come from in a shared equity scheme? 10:54 - The difference between shared equity scheme and other government schemes 13:44 - Balancing homeowner empowerment and investor interests 16:00 - Who is qualified to take advantage of the shared equity scheme? 21:19 - What is the share for the investor vs the buyer? 27:06 - Factors to consider when making financial decisions in the context of buying property 30:30 - Securing investor interests in property transactions under the shared equity scheme 32:21 - In different scenarios where the property is unsold, how is investment repaid? 36:15 - Finding financial advice in a limited advisor market: what are the options? 41:07 - What Evan Thornley wishes he knew as a first home buyer About Our Guest: Evan Thornley is a technology and social entrepreneur who, with 30 years of property investment experience in Australia and the US, has been dedicated to finding solutions for Australia's housing problems for the past seven years. Starting from the ground up, he built a firm focused on acquiring and managing investment-grade residential properties, which has since evolved into LongView—a recognised industry leader in residential property buying and management. LongView is at the forefront of pioneering the development of a funds management industry in the existing dwelling asset class. With his extensive experience, Evan brings a wealth of knowledge to address the intricate challenges within Australia's housing landscape. Connect with Evan Thornley: https://www.facebook.com/evan.thornley/?mibextid=ZbWKwLhttps://www.linkedin.com/in/evanthornley Resources mentioned in this episode: https://longview.com.au/buying-boost Resources: FREE MINI COURSE:https://www.homebuyeracademy.com.au/freecoursehttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

Are house and land packages a smart choice for first-time buyers, or could they bring about potential issues in your journey, well beyond buying your first home? In this episode, we take a closer look at new builds, breaking down the risks and rewards tied to house and land packages. Many first-time home buyers are intrigued by the idea of owning a never-lived-in property, but it's crucial to weigh the possible downsides. Understanding that some first-time home buyers might still be considering this option, we present the facts to help you make informed choices. Our aim is to guide you towards minimising risks and maximising the benefits associated with new builds. If you find yourself at the crossroads of real estate decisions or are already thinking about a new build, tune in now. Gain practical insights that will assist you in simplifying the complicated process of buying your first home, ensuring you can make well-informed decisions for your homeownership journey! Episode Highlights: 00:00 - Introduction 02:22 - Meighan’s special house of the week 04:01 - There are a few pros with new house and land packages 07:44 - Risk #1: Oversupply of land in some locations 11:14 - Risk #2: The consequences of extensive land clearing in housing developments 13:20 - Risk #3: Lack of infrastructure 13:53 - Risk #4: Poor build quality 15:20 - Risk #5: Buying brand new means someone else is making the profit, not you 18:01 - Risk #6: How grants really work with buying brand new 20:25 - Risk #7: The possibility of negative equity for new suburban home buyers 22:34 - Tip #1 for reducing the risks: Buy in infill sites, not on the edge of the suburbia 24:37 - Tip #2: Having a good advisor who’s an expert in their field 26:54 - Tip #3: Do NOT go with the people that the developer recommends 27:44 - Tip #4: Allow for a lot longer and more money than expected for the build Resources mentioned in this episode: https://homebuyeracademy.com.au/ACTION/best-house-to-buyhttps://homebuyeracademy.com.au/podcasts/119https://homebuyeracademy.com.au/YFHBG Resources: FREE TRAININGhttps://homebuyeracademy.com.au/webinarhttps://www.homebuyeracademy.com.au/support@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

In today's episode, we follow the journey of first-time home buyers, Antonia and Rinch, who successfully bought their dream home. They're Home Buyer Academy graduates, and they're here to share the real deal about their experience – the good, the bad, and everything in between. Antonia and Rinch spill the beans on the assumptions they had, what actually happened, and the lessons they learned. From initial misconceptions to unexpected surprises, they give an honest look at the ups and downs of the home-buying process, sharing some interesting and unusual stories about their overall experience in search of their first home. Don't miss out on this couple's narrative as they impart some of the top lessons they learned as first-time home buyers, and how these lessons could make a real difference in your own home-buying story. Episode Highlights: 00:00 - Introduction 02:30 - Meighan’s special house of the week 03:38 - When did Antonia & Rinch decide that they wanted to buy their first home? 05:33 - How Antonia & Rinch managed to double up their deposit savings 13:03 - What triggered Antonia & Rinch's decision to really pursue property ownership? 15:03 - How enthusiastic was Rinch in going through the learning process of home buying? 19:56 - Antonia & Rinch share interesting epiphanies they had in search of their first home 25:59 - How did the need for a view affect Antonia & Rinch's property search? 27:30 - How does a support system ease the stress of home buying? 30:14 - Antonia & Rinch share their experiences from various negotiation processes 36:50 - How Antonia & Rinch determined the right amount to pay for a property 40:24 - How Antonia & Rinch feel about having a mortgage 42:14 - Antonia & Rinch’s advice about doing the first home buyer guide course Resources: FREE TRAININGhttps://homebuyeracademy.com.au/webinarhttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

Welcome to another installment of alarming questions from property forums and even more alarming answers, where we continue to talk about the confusing world of online property advice. These forums are often the first port of call for home buyers, but they can be full of wrong information. So today, we discuss how online forums don't even have experts to moderate nor check the advice, which means that a lot of bad tips can get shared. This can be dangerous, not only because of the wrong answers, but also because of the weird questions that can confuse someone who's buying a home for the first time. We show you some of the craziest stuff we've found, but also talk about how to filter the good advice from the bad. We share some advice on how to balance what you read online with professional guidance, so your home-buying experience is both smart and safe. Don't let an online post or tweet change your mind about buying a property. Learn how to tell good advice from bad advice online, let’s get started! Episode Highlights: 00:00 - Introduction 02:27 - Meighan’s special house of the week 04:21 - What are the best ways you have used in negotiating with real estate agents? 08:55 - Who should be paying for tenant-purchased blinds in a new home purchase in Victoria? 12:04 - Reapplying for pre-approval or building a home: which is better after income increase? 17:04 - What to do if renovations on a potential home purchase are unapproved? 21:22 - Is it advisable for couples on a joint loan to make separate offers on the same property? 24:29 - Feeling helpless with vacant land investment after life throws a curveball: any advice? 28:38 - Actions to take for a house with floating slab issues after making an offer 31:34 - Understanding the risks with deposits in off-the-plan purchases Resources mentioned in this episode: FREE MINI COURSE! https://homebuyeracademy.com.au/free_mini_course_opt_inhttps://homebuyeracademy.com.au/podcasts/145https://homebuyeracademy.com.au/podcasts/151 Resources: FREE TRAININGhttps://homebuyeracademy.com.au/webinarhttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

In this episode, we expose the worst mistakes rentvestors make when it comes to tax depreciation, the pitfalls to avoid at all costs, and dispel common myths surrounding this complex topic. While the concept of tax depreciation may look like an uninteresting and dull subject, it is anything but that especially for rentvestors looking to maximise their returns. Joining us today is Mike Mortlock - Managing Director at MCG Quantity Surveyors, who brings with him a wealth of experience to shine some light on the subject. The complexity of property assessments, the nuances of tax laws, Mike imparts insights that are not just based on theory but on years of actual experience and real life application. For you to really pursue rentvesting, it’s essential to have knowledge about tax effective strategies. So don't miss out on this opportunity to learn from one of the industry's best. Let’s dive in! Episode Highlights: 00:00 - Introduction 02:22 - Who is Mike Mortlock? 03:16 - What does a quantity surveyor do? 05:26 - Most common Mike gets asked as an expert in tax depreciation 07:34 - The hidden dangers of overvaluing tax deductions in property investments 12:53 - Mike’s definition of tax depreciation, how its used and some of the pros and cons 16:34 - Two main components of tax depreciation 19:38 - What first time buyers should know about maximising depreciation 23:24 - Is it true that only brand new properties qualify for depreciation claims? 26:25 - The role of quantity surveyors in real estate investment 29:31 - How do quantity surveyors aid in accurate property insurance coverage? 34:37 - How to tell if your capital works forecast is based on real inspection or a calculator? 37:34 - What is one thing Mike wishes he knew as a first time buyer? About Our Guest: Mike Mortlock is the Managing Director of MCG Quantity Surveryors and is an industry leader in tax depreciation. Mike has worked as an expert depreciation consultant with a number of major firms such as McDonalds, Canberra Airport, Hilton Hotels, Stockland and more. He has completed thousands of depreciation schedules for commercial and residential property and is in demand as a public speaker. Mike is regularly featured in the Australian Financial Review, Real Estate.com, in Australian Property Investor and other print and radio publications. As a specialist in tax depreciation, Mike has a wealth of knowledge and a passion for maximising depreciation entitlements. It is this passion that results in outstanding results for MCG's clients. Outside of work Mike is a keen musician and an elite amateur triathlete, having represented Australia. Connect with Mike Mortlock: https://www.linkedin.com/in/mortlockmike/https://www.mcgqs.com.au/https://www.instagram.com/mike.mortlock/ Resources: FREE TRAININGhttps://homebuyeracademy.com.au/webinarhttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

In today's fast-paced real estate market, buyers often feel pressured by agents to make quick decisions, but how can you be sure you're not overlooking essential details in the rush? What are the key aspects to scrutinise in your contract to prevent future issues? We delve into these critical questions at the outset, highlighting why careful property assessment is crucial. To help us better navigate these waters, we're joined by Jennie Tonner, a seasoned professional in the field of conveyancing. With a career spanning over three decades, including significant experience in top Australian law firms, Jennie offers a unique perspective on what buyers should be aware of before signing on the dotted line. Tune in to find out why thorough property checks are more than just a checkbox in your home-buying journey. Episode Highlights: 00:00 - Introduction 02:02 - Who is Jennie Tonner? 02:33 - Jennie explains the role of a conveyancer/lawyer in minimising risks for buyers 03:54 - The differences in disclosure requirements across Australian states 06:08 - The different roles of conveyancers 11:37 - Weighing independent pre-purchase inspection reports and vendor-supplied ones 13:43 - What conveyancers/lawyers do to help home buyers understand pre-purchase reports 16:21 - Why should buyers consult a conveyancer before making an offer? 18:47 - Don’t rely on strata reports from other units even if they’re within the same complex 20:22 - Discussion on unapproved works 22:59 - Identifying potential issues and ensuring proper contract terms with a conveyancer 27:09 - Benefits of dealing with an experienced conveyancer 32:22 - What’s NOT included in pre-purchase inspections 38:41 - One thing Jennie wishes she knew as a first home buyer About Our Guest: Jennie Tonner is a qualified licensed conveyancer with 35 years of experience, which includes an impressive 18 years at two of Australia's leading law firms, King & Wood Mallesons and Allens Linklaters. She has an extensive understanding and expertise in all areas of conveyancing work, adeptly managing the sale or purchase of both commercial and residential properties throughout New South Wales for both vendors and purchasers. Connect with Jennie Tonner: https://www.linkedin.com/in/jennie-tonner-l-14b1a920/https://cremorneconveyancing.com.au/ Resources: FREE TRAININGhttps://homebuyeracademy.com.au/webinarhttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

Today, we're tackling a topic that hits close to home for many couples: buying your first house. If you've ever shopped for a home with your partner, you know it's not always smooth sailing. What you thought was a mutual understanding can turn into surprising disagreements. In this episode, we take a close look at the ups and downs of buying a home as a couple. We discuss the excitement of shared dreams and the challenges of figuring out what you both like in a home. It's not just about finding the right walls and roof; it's about finding common ground, communicating well, and working together. So even before you jump into the details of buying a home with your better half, we set the stage for you. What does the road to a happy home look like for first-time buyers? How do your expectations match up with reality? Join us as we explore whether your first home purchase is a recipe for relationship happiness or a potential challenge that you can overcome together. Episode Highlights: 00:00 - Introduction 02:13 - Meighan’s special house of the week 03:51 - The reason why couples disagree on property decisions 06:41 - The importance of finding common ground in home buying decisions 09:28 - What's the impact of only one partner being more active in the home buying process? 15:14 - Why it's important for both partners to be on the same learning path 17:57 - The necessity of both partners being engaged in the home buying process 20:44 - Benefits of having external mediation like buyer’s agents or courses 24:14 - The positive experience of couples who participate in the course together 30:57 - Mutual understanding and communication is key to a smoother home buying experience Resources mentioned in this episode: https://homebuyeracademy.com.au/YFHBG Resources: FREE TRAININGhttps://homebuyeracademy.com.au/webinarhttps://www.homebuyeracademy.com.au/support@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

While we don't claim to have a crystal ball, we bring you insights and practical tips on what you can realistically expect in the property market in 2024. Today's episode is all about preparation because we understand that buying a property is a significant financial decision, and being prepared is key. Tune in as we share actionable tips to get yourself ready for the unique challenges and opportunities that 2024 may present. Join us as we equip you with the knowledge you need to make the right decisions and turn your property dreams into reality in the year ahead. Episode Highlights: 00:00 - Introduction 02:05 - Meighan’s special house of the week 04:50 - Are interest rates going up, down, or both? 09:46 - Seasonalities around the property market 10:57 - What’s the best thing to do in the quiet season of December? 13:08 - What’s going to happen in the property market in the middle of January? 14:41 - Tips for potential homebuyers looking to renovate in today's real estate market 17:10 - Australia’s housing shortage and the factors affecting it 22:04 - Anticipate continued price growth in most cities but WITH CAUTION 24:35 - Factors to consider before committing to a property purchase 25:30 - Thoughts on the Queensland government doubling incentives for first-time buyers of brand new homes 32:47 - Outlining actionable steps to attain your goal of homeownership this 2024 Resources mentioned in this episode: FREE COURSE: https://homebuyeracademy.com.au/freecoursehttps://homebuyeracademy.com.au/YFHBG Resources: FREE TRAININGhttps://homebuyeracademy.com.au/webinarhttps://www.homebuyeracademy.com.au/support@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

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 TRAININGhttps://homebuyeracademy.com.au/webinarhttps://www.homebuyeracademy.com.au/https://homebuyeracademy.com.au/YFHBGsupport@homebuyeracademy.com.auhttps://www.gooddeeds.com.auhttps://www.veronicamorgan.com.auhttps://www.propertypursuit.com.au/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! https://www.youtube.com/@YourFirstHomeBuyerGuidePodcasthttps://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.