First home buyers face numerous decisions, and one of the most critical is choosing between new or established properties. Today, we dive deep into the good, the bad, and the ugly with our special guest, Cate Bakos, who has written the ultimate guide to the risks of buying brand new or off-plan properties.
Cate helps us understand the complexities of buying new or off-the-plan properties and talks about the importance of understanding terms like "sunset clauses", understanding the differences between titled and untitled properties, and many more.
So whether you're enticed by the sleek marketing of new developments or the potential savings in stamp duty, it's essential to be aware of the hidden risks and ensure you're making the best choice for your financial future. Tune in and let's get started!
Cate Bakos, with a Chemistry degree from Monash University, transitioned from a successful career in sales and marketing with Orica to becoming an award-winning real estate professional. After purchasing her first property at 21, she moved into Melbourne's Bayside property market, later founding Cate Bakos Property in 2014.
Cate has guided over 2,000 clients through property purchases and strategies, leveraging her expertise in lending policy and cashflow analysis. A regular media commentator, Cate co-hosts "The Property Trio" podcast and authored "Successful Property Investment." She served as REBAA President from 2019 to 2023 and continues to mentor young industry professionals.
Connect with Cate Bakos:
➼ Website https://www.catebakos.com.au/
➼ LinkedIn https://www.linkedin.com/in/catherinebakos/
➼ Instagram https://www.instagram.com/cate_bakos_property/
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.
