EP 216 - First Home Buyer Q&A: Grants, Budgets, Timing, Terrace Houses, and $600k Sydney Options

Another round of first-home buyer Q&A—because the questions keep coming! We've pulled some great ones from our Facebook group, and as always, there's no simple yes-or-no answer. So we're breaking them down properly, giving you the context, the nuances, and the real talk you need to make the best decisions.

This time, we're tackling terrace houses—are they worth it? Plus, the best way to use grants, whether it's smarter to stretch your budget or stay comfortable, and what you can actually buy in Sydney for $600K (spoiler: not a lot, but there are options!). We also get into investment strategies, borrowing tips, and the common traps first-home buyers fall into.

If you're weighing up your options and trying to make sense of it all, this episode will help you think things through and make the right call for your situation.

Subscribe: Omny Apple Podcasts Spotify Youtube RSS

Episode Highlights:

00:00 - Introduction
02:14 - Meighan's special house of the week
03:01 - Are terrace houses worth it?
07:38 - Should I use first-home buyer grants or buy straight as an investor?
13:32 - Should we stretch our budget or stay under the first-home buyer scheme limit?
18:08 - Should I buy an investment property under $800k or hold off for a better opportunity?
24:37 - Where to buy an owner-occupied property in Sydney with a $600K budget?

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

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!

➼ Subscribe on YouTube

➼ Subscribe on Apple Podcasts

➼ Subscribe on Spotify

Learn how to buy your first home without making avoidable mistakes.

Find out more

Co-Founders

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.