What’s the Secret to Overcoming the Big ‘C’ in Property Buying?

What’s the secret to overcoming the big ‘C’ in property buying?
In this episode, we dive deep into the art of compromising when
it comes to purchasing your first home.


We unpack a recent survey by Bankwest, revealing that a whopping
78% of young aspiring homebuyers are willing to cut back on
property features to secure a home. It’s a reality check that
compromising is not just common; it’s essential. Whether it’s the
location, property size, or specific features, something has to
give.


Throughout the discussion, we highlight the three P’s: Price,
Property, and Position. Every homebuyer, regardless of budget,
faces the challenge of deciding which of these P’s can flex. We
explore generational differences in attitudes towards compromise,
noting that while Gen Z and Millennials might be more flexible,
Boomers tend to stand firm on their preferences.


By the end of this episode, you’ll see that compromising doesn’t
mean settling—it’s about making smart choices. Tune in to get
actionable tips and a better understanding of how to balance your
needs and wants.


Episode Highlights:


00:00 - Introduction


02:02 - Meighan’s special house of the week


04:20 - The three P's of property buying


05:09 - Survey insights on compromises


08:15 - Compromises on Price


12:13 - Compromises on Property features/preferences


14:18 - Compromises by generation and the underlying factors


20:00 - Advice on managing compromises in home buying


Resources mentioned in this
episode:


The Bank of Mum and Dad: Examining the Opportunities and
Potential Pitfalls https://homebuyeracademy.com.au/podcasts/133

Young West Aussie home buyers willing to sacrifice life's
little luxuries
https://www.bankwest.com.au/about-us/media-centre/news/young-west-aussie-homebuyers-willing-to-sacrifice-lifes-little-luxuries



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 have any questions or would like to be featured on our
show, contact us at: Your First Home Buyer Guide Podcast
support@homebuyeracademy.com.au

Looking for a Sydney Buyers Agent?
https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Brisbane Buyers Agent?
https://www.propertypursuit.com.au/

Work with Meighan: https://www.linkedin.com/in/meighanwells/



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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