We talk about the dangers of short hold periods, why holding onto a property for longer (ideally around that 10-year mark) gives you a much better chance of riding out market dips, and how certain areas, like Melbourne Inner, Parramatta, and Ryde, are seeing rising rates of loss-making sales. Spoiler alert: units, particularly off-the-plan ones, are a major culprit here.
We also get into the psychology of selling; why people are often forced to sell too early due to life changes, fear, or financial pressure, and how that can lead to big losses, especially in oversupplied markets. And yes, we even touch on why buying brand new with government grants might not be as clever as it sounds. It's a classic case of good marketing, poor outcomes.
Our goal is to help you avoid being one of those awful statistics. We've seen it too many times, first home buyers who do all the right things, and still end up worse off because they didn't have access to the right information. So if you're serious about making smart decisions, this one's for you.
➼ 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.