These challenges often make it hard for people to buy a home, especially if they don't qualify for first home buyer schemes or are unable to rely on family to support their break into the housing market. It can feel like their dream of owning a home is slipping away, hence the need for fresher and more innovative solutions.
Today, we have a chat with Evan Thornley, CEO of Longview — also a distinguished technology and social entrepreneur. With over seven years of dedicated efforts towards addressing Australia's housing issues, Evan shares his insights on making homeownership more accessible.
Curious about alternative ways to buy your first home? Listen as Evan shares his expertise on shared equity strategies, offering insights that could change your approach to homeownership. Be informed – tune in now!
02:23 - Who is Evan Thornley?
03:05 - The Shared Equity Scheme
07:37 - Where does the money come from in a shared equity scheme?
10:54 - The difference between shared equity scheme and other government schemes
13:44 - Balancing homeowner empowerment and investor interests
16:00 - Who is qualified to take advantage of the shared equity scheme?
21:19 - What is the share for the investor vs the buyer?
27:06 - Factors to consider when making financial decisions in the context of buying property
30:30 - Securing investor interests in property transactions under the shared equity scheme
32:21 - In different scenarios where the property is unsold, how is investment repaid?
36:15 - Finding financial advice in a limited advisor market: what are the options?
41:07 - What Evan Thornley wishes he knew as a first home buyer
Evan Thornley is a technology and social entrepreneur who, with 30 years of property investment experience in Australia and the US, has been dedicated to finding solutions for Australia's housing problems for the past seven years. Starting from the ground up, he built a firm focused on acquiring and managing investment-grade residential properties, which has since evolved into LongView—a recognised industry leader in residential property buying and management. LongView is at the forefront of pioneering the development of a funds management industry in the existing dwelling asset class. With his extensive experience, Evan brings a wealth of knowledge to address the intricate challenges within Australia's housing landscape.
Connect with Evan Thornley:
➼ Facebook: https://www.facebook.com/evan.thornley/?mibextid=ZbWKwL
➼ LinkedIn: https://www.linkedin.com/in/evanthornley
➼ 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/
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.
