As interest rates continue to soar, so do the chances of many homeowners losing their properties due to unaffordability....

But property owners are not the only ones bearing the impact.

Aspiring first home buyers are also starting to lose their faith in their dream of purchasing their first house.

In today's episode, we discuss the best approaches to coping with rising interest rates, whether you're a homeowner or a home hunter.

We also look into how interest rate rises lead to a decrease in a buyer's borrowing capacity, how the borrowing capacity is calculated, what the best first step is in the current market conditions, 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. Jaz's case study: coping with rising interest rates [04:05]
2. The importance of having a borrowing strategy [11:11]
3. Rising interest rates as a bigger enemy [16:57]
4. The upward pressure on prices [21:16]
5. Increasing your income as an option [25:07]
6. Looking for good buying opportunities [28:35]
7. Is waiting for prices to fall a good strategy? [31:51]
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?