In this episode, we delve into the fascinating world of the property buying lifecycle, offering invaluable insights through the lens of a seasoned financial advisor. Now, before you dismiss this as irrelevant to your current situation as a first home buyer, hold on tight! We're about to uncover how your first home purchase can be a stepping stone towards long-term financial success.

As we explore the property buying lifecycle, we'll touch on the potential for future property acquisitions, whether it be upgrading or diversifying your portfolio. You'll gain a holistic understanding of how your initial home purchase can become a springboard for building wealth, providing you with the flexibility to adapt and grow as your circumstances change.

Discover the critical factors to consider beyond just finding a roof over your head and learn how to approach your first purchase with a strategic mindset, ensuring that your property aligns with your long-term goals and aspirations.

Tune in to gain the knowledge and confidence needed to make informed decisions at every stage of the property buying lifecycle.

Episode Highlights:
00:00 - Welcome to Your First Home Buyer Guide Podcast!
02:13 - Meighan's special house of the week
04:14 - Why property and wealth creation go hand in hand
08:53 - Stuart Wemyss' podcast and the Home Buyer Guide's phases of life
10:22 - Phase 1: The recommended time to master cash flow management
14:12 - Why you need an investor's mindset when buying your first home
17:25 - Phase 2: Before starting a family – career progressing, income increasing
20:17 - Phase 3: The almost impossible to build wealth phase
22:43 - Tips for continuing to build wealth even if you're in phase 3
24:45 - The importance of understanding different needs through different phases of life
30:16 - You also need to think about other investment opportunities other than property
31:16 - Having a home you own can help in retirement
33:12 - When is a really important time to get advice from a financial advisor?
35:06 - Final phase: The retirement age
➼ Listen to Stuart Wemyss' podcast Investopoly
➼ Investopoly by Stuart Wemyss

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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!
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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?