Your First Home Buyer Guide Podcast

What happens when your dream of buying your first home collides with the realities of changing jobs, working overseas, or stretching your budget? In this episode, we’re joined by Chris Bates, one of Australia’s top mortgage brokers and co-founder at Blusk, to tackle these challenges head-on with practical advice and real-world examples to guide you through some of the common challenges of first-home buying. We start by addressing a common concern: how job changes impact your loan eligibility. Chris explains how banks assess different employment situations, including probation periods, career shifts, and even casual or part-time roles. Next, we dive into expat lending, a topic many Australians working abroad grapple with. We then explore the trade-offs between using first-home buyer grants and maximising borrowing power by purchasing an investment property. Finally, we talk about budget-stretching tips, including buying unrenovated properties, considering nearby suburbs, and keeping financial buffers. Chris also dives into the benefits of lender’s mortgage insurance, showing how it can be a valuable tool for first-home buyers when used strategically. Tune in to get clear, practical answers and build the knowledge you need to approach your first home purchase with peace of mind! Episode Highlights: 00:00 - Introduction 01:21 - How long should I work at my new job to qualify for a first-time home loan? 05:58 - How much of a disadvantage is it to apply for a mortgage as an expat? 10:51 - What’s the smarter choice: higher borrowing power or first-home incentives? 16:09 - Does renting out spare rooms help increase loan capacity? 22:32 - Is it better to buy a house now or after finishing my career change? 36:42 - Chris Bates’ first home buyer property dumbo 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 support@homebuyeracademy.com.au 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 property in 2025 presents unique opportunities and challenges, but how can you make sure you're ready? The property market can feel overwhelming, with interest rates, media noise, and endless opinions flying around, but we’re here to cut through the confusion and give you practical advice that actually helps. We’ll start by breaking down why trying to time the market is a waste of energy. Let’s be real—no one knows exactly what’s going to happen. Instead, we’ll focus on what you can control, like getting your finances in order and understanding how to make a solid decision when the time is right. It’s all about buying when you’re ready, not when the media tells you it’s a good idea. We also touch on big trends shaping the market, like immigration, rental shortages, and government incentives. Schemes like Shared Equity sound great on the surface, but there’s a lot to think about. We’ll help you figure out if it’s the right move for you—or if it could end up costing you more in the long run. And, as always, we’ll talk about price research. If you’re serious about buying, you need to know your market inside and out. We’ll show you why understanding current sales data is the key to making confident offers and avoiding common mistakes. So, if you’re serious about making 2025 your year to buy, this episode is packed with insights to get you on the right track. Let’s make sure you’re ready to hit the ground running. Episode Highlights: 00:00 - Introduction 03:02 - A little throwback to what the 2023 and 2024 property market looked like 04:31 - How to prepare for property market shifts and rising competition 07:41 - Why timing the property market in 2025 might cost you more than you think 12:24 - Seasonal factors should buyers consider when entering the property market 18:12 - Current and ongoing challenges in the property market 26:13 - How immigration could impact Australia's housing demand 32:04 - Shared equity schemes and government interventions to address the housing crisis 36:36 - Cautions for property buyers: Strategies for 2025 success Resources mentioned in this episode: Grab our where to buy tutorial for only $39 right here: https://homebuyeracademy.com.au/workshop 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 support@homebuyeracademy.com.au 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.

Ever wondered if rentvesting is the way to go, what happens to your deposit if things fall through, or whether it’s worth stretching for an A-grade property? We’re tackling these big questions straight from our Facebook group in this episode. First, let’s talk about deposits. Did you know the rules around conditional offers and cooling-off periods vary state by state? We break it all down, from what happens if conditions aren’t met to why having a good solicitor is non-negotiable. Seriously, don’t sign anything without advice—your deposit might depend on it. Next, we dive into rentvesting. For some, it’s the perfect solution, but is it the right fit for you? Especially if you’re further along in life and buying your first home, we talk about how to weigh up living where you want versus making a smart investment. And spoiler: the right answer depends on what really matters most to you. Finally, we tackle the A-grade versus B-grade property debate. Should you go for a top-tier asset, even if it means tighter finances? We chat about when it’s worth stretching your budget, what makes a property truly “A-grade,” and why overcapitalising on a renovation in the wrong location is a big no-no. This episode is packed with real talk and practical advice to help you make better decisions on your home-buying journey. Let’s get started! Episode Highlights: 00:00 - Introduction 02:31 - Meighan’s special house of the week 03:05 - Will I lose my deposit if conditions I set aren't met in a conditional offer? 09:25 - Should a 59-year-old first-time buyer choose rentvesting over buying in Sydney? 13:07 - Is the financial stress of an A-grade property worth the potential benefits? 16:57 - Should you raise and renovate a property near a main road and apartments? Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode #135: How to Navigate the Unknown: Finding Homes in Unfamiliar Territory https://homebuyeracademy.com.au/podcasts/135 Your First Home Buyer Guide Podcast Episode #205: Rentvesting: What You Need to Know Before Taking the Leap https://homebuyeracademy.com.au/podcasts/205 Your First Home Buyer Guide Podcast Episode #173: Rentvesting or Homeownership: What’s the Smarter Move? https://homebuyeracademy.com.au/podcasts/173 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 support@homebuyeracademy.com.au 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.

Rentvesting—it sounds like a smart way to get into the property market while keeping your lifestyle intact, doesn’t it? But is it the right move for your long-term financial future? This week, we unpack what it takes to make rentvesting work and how to avoid falling into common traps that could cost you more than you bargained for. Joining us is David Johnston, Mortgage Strategist at Property Planning Australia, to help us break it all down. We explore a hypothetical scenario where Kath, a first-time buyer, is trying to decide whether to buy a home to live in or an investment property while continuing to rent where she loves. Through this scenario, we unpack the hidden factors people often overlook—like borrowing capacity, government incentives, tax implications, and the risks of investing in markets that may not perform as well as expected. It’s about more than just numbers; it’s about having a plan that aligns with your lifestyle and future goals. David shares why forward planning is key, including structuring your loan in a way that keeps your options open down the track. Then, we also explore the trade-offs between high-yield and high-growth properties and why asset selection is critical if you want to avoid the pitfalls that catch so many first-time buyers out. If you’re considering rentvesting as a way to get ahead, this episode is for you. We unpack how to take a long-term view, weigh up your options, and make smart decisions that will set you up for success—not just now but for years to come. It’s all about being strategic and confident in your choices. Episode Highlights: 00:00 - Introduction 02:13 - Our guest for today – David Johnston 03:27 - To set the scene: should Kath buy a home to live in or an investment property? 06:37 - Does borrowing capacity differ when buying an investment property vs a home to live in? 07:52 - Short-term considerations when choosing between a home and an investment property 11:03 - Do interest rates have an impact on the choice between buying a home or investing? 14:09 - Challenges of rentvestors buying properties outside their state 25:21 - What needs to go right for rentvestors to afford their dream home later? 28:43 - Why does borrowing capacity go down when interest rates go up? 31:58 - Is it risky to buy a cheap property for rental income while saving for a home? 34:55 - What are the risks and benefits of renting out rooms in your owner-occupied property? 37:20 - What happens if you become an accidental investor by buying in an unfamiliar area? 45:14 - One thing David knows now that he wishes he knew as a first home buyer About Our Guest: David Johnston is the founder of Property Planning Australia, a firm dedicated to providing independent property and mortgage strategy advice. With a focus on helping families build wealth and security, David believes in the power of property as both a home and a financial asset. His approach centers on unbiased, client-focused advice, free from conflicts of selling investment products. David is also the author of How to Succeed with Property to Create Your Ideal Lifestyle and Property for Life – Using Property to Plan Your Financial Future, both published by Wiley. Connect with David Johnston: Website https://propertyplanning.com.au/ LinkedIn https://au.linkedin.com/in/david-johnston-8534871 The Property Trio Podcast https://www.propertytrio.com.au/ Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode #9: What is the Importance of a Borrowing Strategy? https://homebuyeracademy.com.au/podcasts/009 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 support@homebuyeracademy.com.au 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.

Think paying everything in cash is the best way to stay financially secure? Think again. In this episode, we explore why having no credit history can actually hurt you when it’s time to apply for a home loan—and what you can do to build a solid credit profile. We’re joined by Kevin James, General Manager at Equifax, who unpacks the ins and outs of credit scores: what they are, how they’re calculated, and why they matter. You’ll learn how things like paying your bills on time and being mindful of your credit applications can positively impact your score. Kevin also clears up misconceptions about buy-now-pay-later services and why they don’t do much to boost your creditworthiness. If your credit score isn’t where you’d like it to be, don’t worry—we’ve got you covered. Kevin shares practical steps for repairing a bad score, including how to check your credit report for free and the importance of working with your lender when times get tough. He also talks about the surprising benefits of small financial habits, like managing a credit card or phone plan in your name. This episode is your guide to understanding and improving your credit score, helping you get closer to your goal of homeownership. Listen now and take that next step toward financial confidence! Episode Highlights: 00:00 - Introduction 01:59 - Who is Kevin James? 03:30 - What does a credit score actually look like? 04:55 - What behaviours or actions impact a credit score? 06:49 - When does one start getting a credit score? 08:40 - Full payment vs. Minimum payment on credit card bill: what’s best for your credit score? 09:27 - How does “buy now, pay later” services like Afterpay influence a credit score? 10:36 - Why are credit scores important for first home buyers? 12:03 - How to find out what your credit score is 15:07 - How does one get a bad credit score 18:24 - How do you repair a bad credit score 22:31 - What impact does applying for multiple credit products have on a credit score? 25:26 - The role of AI in calculating credit scores 26:21 - Can parents managing bills hinder credit building for adult children? 28:54 - Why does Money Smart advise against paying for credit score repair services? 33:34 - What Kevin wishes he knew about credit scores as a first home buyer About Our Guest: Kevin James is the Chief Solutions Officer at Equifax Australia, leveraging his deep expertise in credit scores and financial analytics. With over six years at Equifax, including leading Advisory & Analytics Consultancy Services, Kevin has built a reputation for delivering strategic insights and innovative solutions. Known for his passion and ability to engage on complex topics, he previously held leadership roles at ANZ, focusing on customer engagement and risk strategy. Based in Melbourne, Australia, Kevin is a recognised thought leader in financial services. Connect with Kevin James: LinkedIn https://au.linkedin.com/in/kevin-james-b1b0b558 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 support@homebuyeracademy.com.au 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.

Rentvesting might sound like the answer to getting into the property market, but is it the right choice for you? In this episode, we’re unpacking everything you need to think about before taking this path. From the practical costs and emotional decisions to the crucial differences between buying as an investor and as an owner-occupier, we’re covering it all. And this is not advice to go one way or the other. Let’s be really clear about that. Our goal is to give you the information you need to weigh your options, consider your goals, and decide what’s best for your circumstances. Rentvesting isn’t just about “getting into the market”—it’s about understanding what comes next, and how to make it work for you in the long term. We’ll also touch on the hidden traps, like chasing high rental yields or overlooking critical long-term factors like capital growth. Plus, we’ll discuss why location matters so much and why making the wrong call here can derail your plans. It’s all about avoiding mistakes while keeping your future goals in sight. This conversation isn’t just theory—we’re preparing you to make educated, confident decisions about rentvesting. And if you’ve got questions about the financial side of things, stay tuned for upcoming episodes where we’ll dive into those details with the experts. This is about giving you the tools to plan smart and avoid regret. Episode Highlights: 00:00 - Introduction 02:07 - Meighan’s special house of the week 04:18 - Consideration #1: What is your goal? 07:28 - Red flag! Rentvesting is very different from the stepping stone strategy 06:03 - Consideration #2: What’s your time frame? 08:45 - Consideration #3: Purchasing costs 10:29 - Consideration #4: Running costs 14:43 - What’s a really big mistake most property investors and/or rentvestors make? 15:20 - Consideration #5: Rent won’t make you rich 17:27 - Consideration #6: Capital growth will make you rich 24:35 - Consideration #7: Location overwhelm and home bias 29:52 - Consideration #8: Danger zones and the need for a long-term view Resources mentioned in this episode: Kickstart Tutorial for First Home Buyers https://www.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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 - support@homebuyeracademy.com.au 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 would you do if you found out a single mistake could cost you $60,000 on your first home? That’s exactly what happened to Jessica, and we’re diving into her story today. This is one tough lesson about what can go wrong when you don’t have the right advice or information. The good news? By learning what went wrong, you’ll know exactly what to do to avoid a similar disaster. In this episode, we break down Jessica’s experience step by step and we start with explaining how things spiralled out of control, from signing a contract too early to not having the right support crew in place. We share what questions Jessica should’ve asked, why due diligence matters so much, and how skipping one simple step left her facing potential bankruptcy. But it’s not all doom and gloom! We’re here to guide you on how to do things the right way. From understanding body corporate fees and special levies to the value of engaging a good conveyancer before you make an offer, we’re arming you with the knowledge you need to be an educated homebuyer. By the end of this episode, you’ll know how to spot red flags, negotiate smartly, and protect yourself from hidden costs. After all, it’s all about being in control, making informed decisions, and feeling confident on your journey to homeownership. So let’s make sure your first home is everything you dreamed of—without the nightmares. Episode Highlights: 00:00 - Introduction 02:15 - A little backstory about today’s disaster story 04:00 - Lessons from Jessica’s mistakes 04:34 - Never sign a contract without legal advice especially if the contract is legally binding 05:33 - Why understanding disclosure statements and body corporate minutes is essential 09:01 - Knowing the right questions to ask the vendors and agents 12:30 - Why getting the right support crew is number ONE in our first home buyer guide 14:23 - What you need to know about property disclosure obligations 21:00 - Step #1: Inspect the property critically 21:52 - Step #2: Do price research 22:36 - Step #3: Order a strata report and read it 23:51 - Step #4: Take the contract of sale and the strata report to your lawyer 25:30 - Step #5: Evaluating special levies before buying property 28:33 - Step #6: Negotiate with the agent 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 support@homebuyeracademy.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/ Work with Meighan: https://www.linkedin.com/in/meighanwells/ If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey! Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825 Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f  See omnystudio.com/listener for privacy information.

Are you sure those common property beliefs you've heard are actually sound advice? In this episode, we dig into some widely accepted opinions about property that simply don’t hold up when you look at them more closely. From the idea that "you should buy as soon as you can afford anything" to "buying under market value" or "starting with an investment property," we discuss why these might not be as foolproof as they seem. We explore how rushing to get on the property ladder by purchasing any available property can backfire. It’s not just about getting your foot in the door—what you buy can have long-term implications on your finances and future choices. We also dive into the real costs associated with choosing the wrong property or falling into the trap of thinking a "bargain" always means value. Beyond the initial myths, we challenge the belief that buying an investment property before your first home guarantees success. While this may work for some, it’s not the blanket solution that many claim it to be. We also touch on the misleading allure of buying "under market value" and why properties without competition could be signaling red flags you need to watch out for. If you’ve ever been tempted by quick-fix solutions like “instant equity uplift” or the idea that the only way to make money is through renovation, this episode offers the insights you need to avoid costly mistakes. We wrap it up with tips on how to apply critical thinking to common property advice, ensuring you're making informed decisions that suit your unique circumstances. Episode Highlights: 00:00 - Introduction 02:04 - Meighan’s special house of the week 04:42 - Buy as soon as you can afford anything just to get on the property ladder 07:34 - Buy an investment property before buying a home to live in 10:59 - Buy under market value 14:25 - Instant equity uplift 24:01 - Buy the worst house on the best street 26:12 - Grab all the government grants you can 29:00 - Never buy strata title 32:43 - Avoid lender’s mortgage insurance at all costs 35:51 - The only way to make money in property is to renovate 39:22 - You can time the market Resources mentioned in this episode: Lender’s Mortgage Insurance Calculator https://helia.com.au/the-hub/calculators-estimators/lmi-fee-estimator 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 support@homebuyeracademy.com.au 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.

When you buy a property, no amount of online research replaces actually getting out there and inspecting it in person. In this episode, we share our top five property inspection tips, including one powerful insight that could transform your home-buying journey. We start with time management—because when you’re rushing between multiple open houses on a Saturday, it’s easy to miss important details. We show you how to stay organised with checklists, so you get the most out of each visit. Next, we dive into the importance of exploring the neighbourhood. From checking out local shops and parks to observing the playground atmosphere, understanding the area’s vibe is key. And of course, we cover what to look for in the property’s structure, helping you spot potential red flags early and save yourself from unnecessary costs. Finally, we leave you with a crucial tip that could make or break your chances of closing the deal so don’t miss out on this game-changing advice! Episode Highlights: 00:00 - Introduction 02:07 - Meighan’s special house of the week 07:23 - Tip #1: Plan your time carefully 09:53 - Tip #2: Do an area recce 13:06 - Tip #3: Be systematic 19:50 - Tip #4: Watch for common faults 25:47 - Top Tip # 5 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 support@homebuyeracademy.com.au 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.

Wondering if you can buy a home without a full 20% deposit? You’re not alone. As property prices climb, saving that much can feel impossible, but there are other ways to get your foot in the door sooner. In this episode, we explore the range of options available to first-home buyers who are looking for alternatives to the traditional deposit size. Cara Haynes, a seasoned mortgage broker, joins us to shed light on strategies that could work for different situations. From family guarantees to lenders mortgage insurance (LMI), and even some government schemes—there’s more out there than you might think. These aren’t one-size-fits-all solutions, but they might be worth considering depending on your circumstances. We break down the potential benefits and trade-offs of these paths without making it complicated. Cara shares real-world examples and tips, giving you insights that could help you make sense of your options with more confidence. You’ll also hear about some banks offering perks like waived LMI for certain professions—a game changer for those eligible. This episode is packed with eye-opening details, designed to help you explore what could work for you. It’s not about quick fixes, but about understanding the landscape and weighing up what’s right for your home-buying journey. Episode Highlights: 00:00 - Introduction 02:33 - Who is Cara Haynes? 05:56 - Why banks typically require a 20% deposit from home buyers 10:32 - Key factors financiers consider when assessing a client's borrowing potential 12:42 - How can high earners prove their loan eligibility without sufficient savings? 13:48 - What alternatives exist for high-income buyers with insufficient savings? 17:37 - Bank of mum and dad 20:37 - Shared equity schemes 29:51 - Lender’s mortgage insurance 35:45 - Is pre-approval necessary? 37:31 - What do first home buyers need to know about pre-approval when buying at auction? 42:17 - Key takeaways from the conversation 44:45 - What Cara wishes she knew as a first home buyer About Our Guest: Cara Haynes is a seasoned mortgage broker at Loan Market, based in Northgate, Queensland. With over a decade of experience, Cara transitioned into mortgage broking from a background in legal administration and marketing, bringing a unique perspective to her role. Known for her clear communication and dedication to helping clients navigate the property market, she frequently receives high praise from clients for her professionalism and attentiveness. Her approach focuses on offering customized support, making her a popular choice for first-time home buyers and investors alike. Connect with Cara Haynes: Facebook https://www.facebook.com/CaraHaynesAtLoanMarket/ LinkedIn https://www.linkedin.com/in/cara-haynes-b59b1737/ Instagram https://www.instagram.com/carahaynes_loanmarket/ Website https://www.loanmarket.com.au/ 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/ Join our Facebook Group to get access to free monthly live Q&A sessions https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia 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 support@homebuyeracademy.com.au 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.

Over the years, we’ve helped tons of first home buyers get on the property ladder, avoid costly mistakes, and become proud homeowners. And we can hardly believe we’ve already hit 200 episodes!  Today, we’re pulling together the very best tips, lessons, and advice from our most popular episodes—all in one place. If you’ve just joined us or have been with us for a while, this is a fantastic shortcut to the most important things you need to know. This episode is packed with practical advice, real stories, and those “aha” moments that can really make a difference. So, grab a cup, sit back, and let’s celebrate 200 episodes together — because there’s no better time to learn how to get it right when buying your first home. Episode Highlights: 00:00 - Introduction 03:21 - Meighan’s special house of the week 06:29 - A short breakdown of the last 200 episodes 16:36 - Episode 1: What is Your First Home Buyer Guide? 17:06 - Our annual how to prepare to buy each year 18:18 - Episode 9: What is the Importance of a Borrowing Strategy? 19:26 - Episode 41: 6 Things We Wish We Knew Before Buying Our First Property 21:18 - Episode 59: A Quick Step-by-Step Guide to Purchasing Property 22:51 - Episode 40: How Can You Identify A, B, and C Grade Properties? 25:14 - Episode 105: Your First Home Buyer Quick Start Guide 26:01 - Episode 121: Top 5 Tips for Dealing with Real Estate Agents 28:49 - Episode 27: How to Work Out the Right Price to Pay Resources mentioned in this episode Your First Home Buyer Guide Podcast Episode 1: What is Your First Home Buyer Guide? https://homebuyeracademy.com.au/podcasts/001Your First Home Buyer Guide Podcast Episode 9: What is the Importance of a Borrowing Strategy? https://homebuyeracademy.com.au/podcasts/009Your First Home Buyer Guide Podcast Episode 41: 6 Things We Wish We Knew Before Buying Our First Property https://homebuyeracademy.com.au/podcasts/041Your First Home Buyer Guide Podcast Episode 59: A Quick Step-by-Step Guide to Purchasing Property https://homebuyeracademy.com.au/podcasts/059Your First Home Buyer Guide Podcast Episode 40: How Can You Identify A, B, and C Grade Properties? https://homebuyeracademy.com.au/podcasts/040Your First Home Buyer Guide Podcast Episode 105: Your First Home Buyer Quick Start Guide https://homebuyeracademy.com.au/podcasts/105Your First Home Buyer Guide Podcast Episode 121: Top 5 Tips for Dealing with Real Estate Agents https://homebuyeracademy.com.au/podcasts/121Your First Home Buyer Guide Podcast Episode 27: How to Work Out the Right Price to Pay https://homebuyeracademy.com.au/podcasts/027 Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseMeet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

Ever wondered how you can get your hands on those hidden property listings? Today, we're diving into some of the juiciest property questions from our Facebook group, and we’re starting with a big one—how to access those off-market properties that everyone’s talking about. We’ll also cover how to know when you’re really ready to buy your first home. It’s a huge decision, but there are signs to look out for that can help you feel more confident. Then there’s the debate: houses versus townhouses—what should you be buying? And what about if you’ve bought a house with a sibling and things aren’t quite working out? We’ll walk you through how to handle that split without too much drama. These are the kinds of questions we get all the time, so if you’ve been asking yourself the same thing, stick around! We’ve got some practical answers that might just help you out. Episode Highlights: 00:00 - Introduction 02:20 - Factors to help you decide when you’re ready to buy your first home 07:05 - In terms of future capital growth, which would perform better — house or townhouse? 15:35 - Are there any advantages in buying marketed vs. off-market properties? 23:08 - How to remove your name from a mortgage with a sibling and get into your own property Resources mentioned in this episode: Home Buyer Academy's Kick Start Package: https://homebuyeracademy.com.au/tutorialYour First Home Buyer Guide Podcast Episode #68: 10 Signs You're Ready to Buy Your First Home https://homebuyeracademy.com.au/podcasts/068Your First Home Buyer Guide Podcast Episode #84: Units vs Townhouses: What's Best for First Home Buyers? https://homebuyeracademy.com.au/podcasts/084 Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseMeet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

Ever feel like you’re stuck in no man’s land after making an offer? That weird silence from the agent that probably leaves you wondering—what’s next? In this episode, we tackle exactly what happens between submitting your offer and hearing back. It’s one of the most frustrating parts of the home-buying process, and if you’ve ever found yourself asking, “Do we counter again or is this a one-and-done situation?”—you’re not alone. We break down how skipping key steps—like reviewing the contract or researching pricing—can throw you off track and leave you scrambling while also talking about the emotional rollercoaster of negotiations and why it’s critical to know if you’re bidding against others or in a straight negotiation because believe us, knowing the difference can save you a lot of stress (and money). And then, we share the go-to magic question that every buyer needs to ask an agent to avoid misunderstandings. So, if you want to avoid rookie mistakes, keep your cool during negotiations, and handle the offer process like a seasoned pro, this episode’s got you covered. (Stay with us till the end to hear the most important question you should ask that could make or break your deal.) Episode Highlights: 00:00 - Introduction 02:27 - “We’ve offered and are waiting to hear back…what do we do?” 03:28 - The football analogy 05:46 - A quick run through of the 10 steps in the first home buyer guide 07:00 - What are the key steps in the offer process? 13:49 - How to handle multiple offers and negotiations 15:16 - How the process of making offers on property can vary widely between agents 20:00 - Effective negotiation strategies 23:09 - Emphasis on emotional control and why it’s so important in the offer process 27:45 - A good question to ask when you find out there are other offers on the property Resources mentioned in this episode: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseYour First Home Buyer Guide Episode 197: How Do You Handle the Stress When Buying a Home on Your Own? https://homebuyeracademy.com.au/podcasts/197 Resources: Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

Buying a home is easily one of the most stressful things you’ll ever do, especially when you’re flying solo. Today, we’re tackling this question from one of our Facebook group members: how do you get past the terror of making a massive financial mistake as a single person? We totally get it—between skyrocketing property prices and the thought of no safety net, it’s enough to make anyone feel nervous. So today's episode is all about helping you go through the rollercoaster of buying on your own. We share some personal stories about what it’s like to buy without a fallback and the kind of pressure that comes with knowing it’s all on you. We dig into some surprising stats—did you know nearly a quarter of buyers are doing it alone? Yep, that’s right. And what’s interesting is more women are stepping up, even as the number of single male buyers has dipped. The question, however, remains: Is it doable at all? Join us as we walk you through the process. This episode is full of advice to help you make the best decisions and come out the other side feeling good about your purchase. So let's get started! Episode Highlights: 00:00 - Introduction 02:09 - Meighan’s special house of the week 04:36 - Moving past the terror of making a huge financial mistake when buying your first home 05:24 - Statistics and emotional aspects of buying alone 08:30 - Emotional vs logical decision-making 12:04 - The importance of logical decision-making 13:40 - Planning and preparation for buying a property 19:20 - Understanding your own unique set of compromises Resources mentioned in this episode: Where to buy tutorial https://homebuyeracademy.com.au/workshopCheck out all of our courses here: https://homebuyeracademy.com.au/all-coursesEmotions and property investment – do they mix? https://channels.realty.com.au/realtytalk/emotions-and-property-investment-do-they-mix-veronica-morgan/The Art and Science of Removing Emotions when Buying a Property https://propertyplanning.com.au/the-art-and-science-of-removing-emotions-when-buying-property/The Elephant in the Room Property Podcast https://www.theelephantintheroom.com.au/podcasts Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseMeet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

This week, we continue with part two of our East Coast property market update, once again joined by Cate Bakos. In this episode, we delve into the nitty-gritty of what your budget can buy in Sydney, Melbourne, and Brisbane, as the market shifts through 2024. From first home buyers eyeing properties in the $600k-$700k range to those with budgets up to $1.5 million, we break down the opportunities and challenges each city presents. We start with Melbourne, where Cate shares insights on how infrastructure projects are shaping affordable areas, particularly in the outer suburbs. Then, we head to Brisbane, where increasing competition and unique risks—such as black soil issues—require careful consideration for buyers, especially in the $700k-$800k bracket. Finally, we turn to Sydney, where the market remains highly competitive, and buyers with budgets below $1 million will face difficult choices between apartments and older homes in outlying suburbs. Tune in to find out how these three markets compare, what to watch out for, and where the best value for money can still be found. Episode Highlights: 00:00 - Introduction 02:19 - Buying a property in Melbourne, Brisbane and Sydney for $600k - $700k 09:08 - Buying a property in Melbourne, Brisbane and Sydney for $700k-$800k 13:41 - Buying a property in Melbourne, Brisbane and Sydney for $800k - $1 million 21:57 - Buying a property in Melbourne, Brisbane and Sydney for $1.1 million - $2 million 25:15 - Investment strategies and property selection in Sydney, Melbourne & Brisbane 32:00 - Rental market & legislative shifts in Sydney, Melbourne, and Brisbane 44:42 - The challenges of increased land tax and rental reforms 51:29 - Property risks, key drivers, and opportunities — Melbourne 54:10 - Property risks, key drivers, and opportunities — Brisbane 56:57 -  Property risks, key drivers, and opportunities — Sydney Resources mentioned in this episode: Buying Property in Sydney, Melbourne, or Brisbane? Here’s What You Need to Know (Part 1) https://homebuyeracademy.com.au/podcasts/195 Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseMeet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

If you’re thinking about buying property in Sydney, Melbourne, or Brisbane, you’re in the right place. In this episode, we talk about the key differences between these three major Australian cities—because let’s be honest, what works in one city might be a complete disaster in another. We’re here to help you figure out where your money goes further, what’s happening in 2024, and how to avoid some of the biggest traps buyers fall into. We have Cate Bakos joining us from Melbourne who shares what’s really happening in the Victorian market—especially after those long lockdowns and the media hype. Next up, we bring you all the latest on Brisbane’s booming market, which is moving faster than it has in years. And of course, we also cover Sydney, where even in a so-called “normal” market, there are still plenty of surprises to handle. We know there’s no one-size-fits-all answer when it comes to the best buying strategy, so we’re giving you real, on-the-ground insights to help you make the best decision for your situation. Episode Highlights: 00:00 - Introduction 02:54 - Who is Meighan Wells? 03:26 - Who is Cate Bakos? 04:05 - Who is Veronica Morgan? 05:41 - General Market Conditions in Melbourne 07:59 - General Market Conditions in Brisbane 18:23 - General Market Conditions in Sydney 22:21 - Is there a sweet spot for investors at the moment in Melbourne? 33:08 - Is the property market competitive in Brisbane at the moment? 39:35 - What are the most competitive price ranges and property types in Sydney About Our Guest: Cate Bakos, with a Chemistry degree from Monash University, transitioned from a successful career in sales and marketing with Orica to becoming an award-winning real estate professional. After purchasing her first property at 21, she moved into Melbourne’s Bayside property market, later founding Cate Bakos Property in 2014. Cate has guided over 2,000 clients through property purchases and strategies, leveraging her expertise in lending policy and cash flow analysis. A regular media commentator, Cate co-hosts “The Property Trio” podcast and authored “Successful Property Investment.” She served as REBAA President from 2019 to 2023 and continues to mentor young industry professionals. Connect with Cate Bakos: Website https://www.catebakos.com.au/LinkedIn https://www.linkedin.com/in/catherinebakos/Instagram https://www.instagram.com/cate_bakos_property/ Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseMeet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

When you’re looking to buy a property, how can you truly tell if it has renovation potential? That’s the question we dive into in this episode. With a focus on the top six things to look for, we cover what adds value and what doesn’t, how to spot hidden costs, and which projects are best left untouched. We start with why location is key, and why it’s something you must get right before you even think about renovations. We also break down the difference between a cosmetic facelift and a full-on renovation project, so you can figure out if you’re better off avoiding that fixer-upper. You’ll hear about the importance of good bones, solid maintenance, and why not all renovations will actually increase your property’s value. We also deep dive into how the layout and orientation of a property can impact both livability and resale value. Plus, we touch on the importance of flow—because no one wants a home that doesn’t make sense, no matter how nice it looks. And let’s not forget those big expenses like rewiring or re-stumping. They’re essential, but we explain why they don’t always add the kind of value you might expect. By the end of this episode, you’ll have a much clearer idea of what to look for when assessing a property’s renovation potential. So if you’re ready to dive into the nitty-gritty and avoid making costly mistakes, we’ve got you covered! Tune in for all the details. Episode Highlights: 00:00 - Introduction 02:16 - Example of a home that you wouldn’t want to bother renovating 03:41 - The importance of location when choosing a property 08:14 - Top 6 things to look for when assessing the renovation potential of a property 08:36 - Number 1: Bones of the property/Structural soundness 11:42 - Number 2: Is it well-maintained or neglected? 17:27 - Number 3: Orientation 20:22 - Number 4: Layout 24:48 - Number 5: Ensure appropriate room proportions for the upgraded layout 28:33 - Number 6: Feasibility 30:54 - Non-value adding renovations — necessary but don’t necessarily add value 37:43 - Danger zones — things you can’t fix Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseMeet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast -support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

Buying your first home can feel like a real challenge, and if you’re feeling unsure, you’re not alone. In today's episode, we answer more questions from our Member Only Facebook group to help clear things up and guide you in the right direction. We kick things off by tackling a big question: should you buy in your dream location now and rent it out, or wait until you’ve saved up a bigger deposit? We break down the pros and cons so you can make a decision that works for you. Next up, we discuss home and contents insurance. We go over what you need to think about and suggest some good providers to help keep you covered. Then we dive into whether it’s worth stretching your budget for a detached home instead of settling for a duplex, weighing the options so you can see what fits best with your plans. Finally, we give you some handy tips on what to look for when inspecting a property. It always pays to know what to check so that you can be saved from unexpected issues later on. Tune in to get straightforward advice and answers to help you confidently move forward with buying your first home. Episode Highlights: 00:00 - Introduction 02:04 - Meighan’s special house of the week 03:15 - Should you buy in your dream location now and rent it out or wait for a bigger deposit? 08:58 - Top considerations for home and contents insurance and recommended providers? 13:42 - Is it worth stretching your budget for a detached home instead of buying a duplex? 17:46 - What to look for when inspecting a property Resources mentioned in this episode: Your First Home Buyer Guide Podcast Episode 191: Facebook Questions Answered: What Every First Home Buyer Needs to Know https://homebuyeracademy.com.au/podcasts/191 Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseMeet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

For first time home buyers, understanding government grants and incentives is an important part of your home ownership journey.  BUT you should not limit your property search to fit into the criteria to qualify for one. In this episode, we explore the various options available to help you get started. With each state offering different schemes, it can be confusing to know which ones you’re eligible for and how to apply. That’s why we’re breaking it all down for you, state by state. Join us as we talk about these essential grants and incentives, and understand how they can impact your home-buying process. We discuss the differences in each state’s programs, what you need to qualify, and tips for managing the application process covering the latest updates and changes to these programs, so you stay informed and prepared. Tune in to learn how to ask the right questions of your advisors so you can understand which grants and incentives you qualify for while keeping all of your options open. Episode Highlights: 00:00 - Introduction 02:11 - Meighan’s special house of the week 04:57 - First home owner’s grant 06:04 - First home guarantee 08:05 - Family home guarantee 09:33 - State-by-state breakdown: New South Wales 14:03 - State-by-state breakdown: Victoria 16:59 - State-by-state breakdown: Queensland 19:53 - State-by-state breakdown: Australian Capital Territory 21:56 - State-by-state breakdown: Western Australia 25:10 - State-by-state breakdown: Northern Territory Resources mentioned in this episode: Revenue NSW https://www.revenue.nsw.gov.au/State Revenue Office Victoria https://www.sro.vic.gov.au/Queensland Revenue Office https://qro.qld.gov.au/ACT Revenue Office https://www.revenue.act.gov.au/Revenue Online WA https://apps.osr.wa.gov.au/portal/0/homeNorthern Territory Revenue Office https://treasury.nt.gov.au/dtf/territory-revenue-office Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseMeet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.

Buying your first home can feel like a maze, and we get it—there are a million questions running through your head. That’s why we created our Facebook group just for first home buyers, where no question is too simple or too complex. And the questions have been pouring in! In this episode, we answer the most common questions from our Facebook group. We start with the nitty-gritty details of what standard strata fees are and what they typically cover—because no one wants to be caught off guard by unexpected costs. We then shift the discussion towards the importance of assembling a solid support crew, talking about how to find a reliable buyer’s agent, a thorough building and pest inspector, and a conveyancer who truly has your best interests at heart. We also explore the dilemma of focusing on location versus opting for a property with more space. And then break down the pros and cons of securing a higher-value property with a loan compared to choosing a lower-grade one with grants. This episode is packed with the insights you need to move forward confidently on your home-buying journey. So what are you waiting for? Let's dive right in! Episode Highlights: 00:00 - Introduction 02:07 - Meighan’s special house of the week 03:33 - What are standard strata fees and what do they normally cover? 10:16 - How do you find a good support crew (buyer’s agent, building/pest inspector, conveyancer, etc.)? 25:22 - As a 48-year-old first home buyer, what’s more important: location or extra space? 29:16 - Is it better to secure a higher-value property with a loan or a lower-grade one with grants? Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseMeet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/Join our Facebook Group to get access to free monthly live Q&A sessionshttps://www.facebook.com/groups/yourfirsthomebuyerguideaustraliaLearn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking 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/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.