It's simply not true that every property makes money. In fact, in the last quarter of 2024, 5.2% of sellers sold for less than they paid, and in one segment, a staggering 36.7% sold at a loss. In this episode, we unpack the data from the latest CoreLogic Pain and Gain Report and walk you through which types of properties are proving to be the riskiest, especially for first home buyers.
 

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.

Episode Highlights:
00:00 - Introduction
02:25 - Meighan's special house of the week
05:44 - The impact of hold periods on profit or loss
07:38 - Units vs houses: Why one is riskier than the other
09:32 - Capital cities vs regions: Which areas are really losing money?
13:22 - The most loss-making markets in the December quarter
17:11 - Long-term decline in high-supply unit markets
22:39 - Darwin and the Northern Territory remain the hardest-hit markets
23:24 - The best-performing markets in the December 2024 quarter
27:21 - The biggest takeaway from the Pain and Gain Report
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!
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  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.

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