Mistakes to Avoid When Buying in Regional Locations

Purchasing a home in regional areas seems like an attractive
prospect, however, the perception of lower prices can often mask
hidden risks and challenges. Without the right guidance,
first-time buyers may find themselves facing unexpected hurdles
and potential financial setbacks.


What are the implications of overlooking common mistakes when
purchasing property in regional locations?


In this episode, we're joined by Matt Ward, a seasoned buyer's
agent and the founder of WPG Advisory. With over 25 years of
industry experience in navigating the Central West New South
Wales real estate market, Matt is uniquely positioned to share
indispensable advice about buying property in regional locations.


Tune in to learn the important dos and don'ts when buying
property in the countryside. IF you're thinking about moving away
from the city or just exploring new opportunities, this episode
has all the advice you need to avoid expensive mistakes.


Episode Highlights:


00:00 - Introduction


02:15 - Who is our guest for today?


03:30 - What’s happening in regional New South Wales?


06:56 - Key factors for buyers to consider when moving to a
regional location


09:53 - Tips for accurately assessing property value and growth
potential in a specific area


12:50 - What trends are emerging among first homebuyers in
regional towns?


15:04 - What is the typical income needed to afford a
median-priced house for first-time buyers?


20:34 - What drives capital growth differences in regional areas
like Orange and Tamworth?


27:18 - Are high yields driving investor interest in regional
areas like Tamworth?


34:34 - Is proximity to town centers a factor in land release
locations in regional towns?


42:01 - One thing Matt Ward wishes he knew as a first home buyer


51:08 - Key takeaways from this episode


About Our Guest:


Matthew Ward is the Founding Director of WPG
Advisory, he is a Certified Practicing Valuer (CPV) with the
Australian Property Institute in NSW, a licensed buyer’s agent
and a registered valuer with over 25 years of industry
experience. In addition to his international experience, Matt is
also a member of the Real Estate Buyer’s Agents Association of
Australia. He is committed to ensuring success for his clients by
navigating them through the complexities of the property market
with expertise and dedication.


Connect with Matthew Ward:


Website https://wpgadvisory.com.au/

LinkedIn linkedin.com/in/matthew-ward-645b8ba/



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/

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/



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