Let's face it... Home ownership has become a challenge in the past few years.

What should first home owners prioritise – the deposit, or paying off the mortgage? Is it enough to have a huge amount of money in the bank? Should you take a second or third job?

Today, we talk about the importance of balancing your income and savings as we dissect an article on how much you need to afford First Home Guarantee – we're covering the risks of having a low deposit, why you need a buffer, losing money in a rising market, and more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you'd like to chat, email us at [email protected]!

We'll see you on the inside!

Episode Highlights:
1. How your deposit affects your home loan [03:44]
2. Should you save more, or earn more? [08:13]
3. Is it possible to lose money in a rising market? [12:20]
4. The salary you need to afford First Home Guarantee [15:26]
5. What first home buyers need to focus on [19:23]
6. Can you rely on savings or inheritance alone? [22:34]
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!
How ready are you to buy your first home?

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

We are here to guide you through your home buying journey

How ready are you to buy your first home?