177 episodes

Your First Home Buyer Guide. Get there without missing a step.

Your First Home Buyer Guide Podcast Veronica Morgan & Meighan Wells

    • Business

Your First Home Buyer Guide. Get there without missing a step.

    Are You Making the Right Call by Avoiding Auctions?

    Are You Making the Right Call by Avoiding Auctions?

    Today, we address a situation that many first-time home buyers are often faced with: to bid at auctions or avoid them altogether. We talk about the challenges and fears associated with auctions and examine if avoiding them is truly the best choice. This episode aims to make the auction process easier to understand and share practical tips to help you make well-thought-out decisions.

    Auctions can be intimidating, they may seem simple in principle — as the highest bidder gets the property. But, in reality, it's quite complex and many potential buyers steer clear of them, opting instead for what feels like easier options. However, in areas where auctions dominate the real estate market, avoiding them might mean missing out on the best properties. So, what should you do if you're caught in this dilemma?

    Don't let uncertainty hold you back from exploring the opportunities auctions offer. Tune in now to equip yourself with the tools and confidence needed to seize the best deals in the market.

    Episode Highlights:

    00:00 - Introduction

    02:45 - Meighan’s special house of the week

    06:23 - What are the two main methods of property sale?

    07:33 - Why an owner or agent would choose to go down the path of having a public auction

    10:18 - Importance of understanding the steps involved in accurately pricing property

    13:56 - Why setting a limit as a buyer before going into an auction is vital

    17:12 - Discussing the pros and cons of pre-auction offers

    21:26 - Reasons why an agent would use pre-auction offers

    24:06 - Understanding the types of bidders at auctions

    26:41 - Why it’s essential to understand the different laws on property in every state/territory

    Resources mentioned in this episode:


    The Elephant in the Room Property Podcast Episode 1: Who is Really Making the Decisions When You Bid at Auction? https://www.theelephantintheroom.com.au/podcasts/1
    FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
    Your First Home Buyer Guide Podcast Episode 127: The Property Blueprint: Experts Decoding State Rules Across Australia (Part 1 - Auctions) https://homebuyeracademy.com.au/podcasts/127
    Auction Ready: How to Buy Property at Auction Even Though You’re Scared S#!TLESS by Veronica Morgan https://gooddeeds.com.au/auction-ready/
    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

    Resources:


    Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
    Visit our website https://www.homebuyeracademy.com.au/
    If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast - 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.

    • 30 min
    Could a HECS Debt Derail a First Home Buyer’s Purchase?

    Could a HECS Debt Derail a First Home Buyer’s Purchase?

    In the pursuit of homeownership, the last thing any first home buyer wants to encounter is an unexpected financial hurdle. In this episode, we talk about how buying your first home can be really tricky and highlight the potential pitfalls that could trip you up along the way.

    Specifically, we explore a real-life story where a HECS debt nearly derailed a first home buyer's purchase, shedding light on the crucial lessons to be learned.

    Throughout the discussion, we bring up some of the common blunders such as relying heavily on a broker without fully understanding all the associated costs, feeling the pressure to buy due to outside influences, and underestimating the financial cushion needed for unexpected expenses. Our aim is to provide practical insights to help you steer clear of these pitfalls when it's your turn to enter the housing market.

    Don't let avoidable mistakes stand in the way of buying your first home—tune in to understand the importance of following the right process. Let’s dive in!

    Episode Highlights:

    00:00 - Introduction

    02:23 - Meighan’s special house of the week

    04:36 - What is the headline of today’s disaster case study

    13:19 - Mistake #1: Assuming that engaging a broker will streamline the home buying process

    14:17 - Mistake #2: Not knowing the amount of money needed

    15:45 - Mistake #3: A bad broker

    17:51 - Mistake #4: Buyer did her research online but you still don’t know what you don’t know

    20:54 - Mistake #5: Choosing to buy a property because of FOMO

    24:51 - The dangers of not fully understanding the fees you have to pay when buying a property

    27:27 - Where does the responsibility of the buyer start when buying a property

    Resources mentioned in this episode:


    Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
    Your First Home Buyer Guide Episode #58: How This Family Could Have Avoided Losing Their Entire House Deposit https://homebuyeracademy.com.au/podcasts/058
    Your First Home Buyer Guide Episode #62: Should First Home Buyers Buy Off the Plan? https://homebuyeracademy.com.au/podcasts/062
    Your First Home Buyer Guide Episode #78: Sunset Clause: The Hidden Time Bomb https://homebuyeracademy.com.au/podcasts/078
    Your First Home Buyer Guide Episode #82: Buyer Beware: First Home Becomes Costly Nightmare https://homebuyeracademy.com.au/podcasts/082
    Your First Home Buyer Guide Episode #123: Demolition Disaster: Tips to Avoid a Rebuild Catastrophe https://homebuyeracademy.com.au/podcasts/123
    Your First Home Buyer Guide Episode #126: What Essential Step Did These First Home Buyers Neglect? https://homebuyeracademy.com.au/podcasts/126
    Gen Z’er reveals how her HECS debt almost shattered her real estate dreams https://bit.ly/4aiRm6W

    Resources:


    FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
    Visit our website https://www.homebuyeracademy.com.au/
    Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
    If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast 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 p

    • 32 min
    Heidi’s Journey from Dreamer to Homeowner - A Case Study

    Heidi’s Journey from Dreamer to Homeowner - A Case Study

    This episode follows Heidi's journey, a first-time home buyer and a Home Buyer Academy graduate who shares the story of how she went from dreaming of owning a home to actually making it a reality.

    We discuss Heidi’s journey of saving money, learning about the home buying process, and searching for the perfect home. We dive into the challenges she faced and the decisions she had to make along the way (she even recounts the experience of how she almost bought the wrong property).

    Through Heidi’s story, we aim to provide practical advice and insights for others who are considering buying their first home. Join us as we follow her inspiring journey from dreamer to homeowner.

    If you’re thinking about buying a home or probably know someone who does, this episode has something for you. So let’s dive in and get started!

    Episode Highlights:

    00:00 - Introduction

    02:57 - When did Heidi decide that she wanted to buy a property

    03:55 - How long did it take Heidi to save up enough money to buy a property

    07:01 - When did Heidi start learning about how to buy a property

    08:41 - Why did Heidi’s criteria for property selection evolve?

    12:39 - How Heidi's perception of properties changed from online to in-person

    16:49 - What got Heidi to the point of saying “this is the one”

    17:28 - How Heidi almost bought the wrong house

    20:51 - How Heidi balanced her preferences and concerns during the decision-making

    26:10 - What process did Heidi use to buy the property: Private treaty or auction?

    29:08 - How long did the decision-making process take before finalising the purchase

    31:10 - How Heidi feels now that she has a mortgage

    32:45 - Heidi’s plans of moving in

    33:52 - Heidi’s advice for those who are still hesitating about doing the first home buyer guide

    Resources:


    FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
    Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
    Visit our website https://www.homebuyeracademy.com.au/
    Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
    If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast 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.

    • 37 min
    4 Essential Tips Before Embarking on Your Home Search

    4 Essential Tips Before Embarking on Your Home Search

    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:


    A Quick Guide To The 10 Essential Steps For First Home Buyers https://homebuyeracademy.com.au/a-quick-guide-to-pace
    Where to Buy Tutorial 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/
    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.

    • 25 min
    Rentvesting or Homeownership: What’s the Smarter Move?

    Rentvesting or Homeownership: What’s the Smarter Move?

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

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

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

    Episode Highlights:

    00:00 - Introduction

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

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

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

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

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

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

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

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

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

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

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

    Resources mentioned in this episode:


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

    Resources:


    FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
    Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
    Visit our website https://www.homebuyeracademy.com.au/
    Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
    If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast 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.

    • 34 min
    How Can We Help? Real Estate Solutions from Campfire Questions - Part 2

    How Can We Help? Real Estate Solutions from Campfire Questions - Part 2

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

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

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

    Episode Highlights:

    00:00 - Introduction

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

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

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

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

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

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

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

    Resources mentioned in this episode:


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

    Resources:


    FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
    Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
    Visit our website https://www.homebuyeracademy.com.au/
    Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
    If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast 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.

    • 31 min

Top Podcasts In Business

Think Fast, Talk Smart: Communication Techniques
Stanford GSB
The Diary Of A CEO with Steven Bartlett
DOAC
How I Built This with Guy Raz
Guy Raz | Wondery
HBR IdeaCast
Harvard Business Review
A Bit of Optimism
iHeartPodcasts
HBR On Leadership
Harvard Business Review

You Might Also Like

The Elephant In The Room Property Podcast | Inside Australian Real Estate
Veronica Morgan & Chris Bates
this is property
this is money
this is money
this is money
Australian Property Podcast
Rask
Financially Fierce
this is money
The Property Couch
Bryce Holdaway & Ben Kingsley