First, let's talk about deposits. Did you know the rules around conditional offers and cooling-off periods vary state by state? We break it all down, from what happens if conditions aren't met to why having a good solicitor is non-negotiable. Seriously, don't sign anything without advice—your deposit might depend on it.
Next, we dive into rentvesting. For some, it's the perfect solution, but is it the right fit for you? Especially if you're further along in life and buying your first home, we talk about how to weigh up living where you want versus making a smart investment. And spoiler: the right answer depends on what really matters most to you.
Finally, we tackle the A-grade versus B-grade property debate. Should you go for a top-tier asset, even if it means tighter finances? We chat about when it's worth stretching your budget, what makes a property truly "A-grade," and why overcapitalising on a renovation in the wrong location is a big no-no.
This episode is packed with real talk and practical advice to help you make better decisions on your home-buying journey. Let's get started!
➼ Your First Home Buyer Guide Podcast Episode #135: How to Navigate the Unknown: Finding Homes in Unfamiliar Territory https://homebuyeracademy.com.au/podcasts/135
➼ Your First Home Buyer Guide Podcast Episode #205: Rentvesting: What You Need to Know Before Taking the Leap https://homebuyeracademy.com.au/podcasts/205
➼ Your First Home Buyer Guide Podcast Episode #173: Rentvesting or Homeownership: What's the Smarter Move? https://homebuyeracademy.com.au/podcasts/173
Resources:
➼ FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
➼ Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
➼ Visit our website https://www.homebuyeracademy.com.au/
➼ Join our Facebook Group to get access to free monthly live Q&A sessions
https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia
➼ Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
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.