Lessons Learned: Buying a First Home in Dubbo

Buying a home for the first time is a significant milestone, but
doing so in  an unfamiliar area does add quite a few layers
of complexities, especially concerning affordability and market
dynamics. Today, we discuss the challenges that arise when buying
a first home in a regional area like Dubbo.


In this episode, we are joined by Damian Hoar — a finance analyst
at Money Saver Home Loans and co-host of the Finance and Property
Survival Guide podcast. With his background in finance and
extensive experience in the property market, Damian brings a
wealth of knowledge to this discussion.


Having bought his own first home in Dubbo, Damian tells us about
the ups and downs he went through. He admits that despite getting
good advice, he sees some things he could've done better, making
his story so relatable to first home buyers.


So tune in to this episode and learn from Damian's story so you
can get better prepared for your own home-buying journey.


Episode Highlights:


00:00 - Introduction


02:12 - Meighan’s special house of the week


02:31 - Who is our guest for today


03:13 - Damian Hoar’s backstory


09:28 - Damian shares the challenges and lessons from saving a
deposit for your first home


18:40 - The BIGGEST lesson Damian learned during his first home
buying journey


24:22 - Why it’s important NOT to let the process of negotiation
impact your property decision


27:48 - Damian’s experience with rising interest rates 18 months
ago


29:19 - What's the definition of fixed and variable rates?


33:09 - Handling the responsibilities that come with
homeownership


38:40 - How has homeownership influenced Damian's perspective on
life?


40:21 - How homeownership has changed Damian's perspective on
wealth and priorities


47:10 - What's the most important advice from Damian for those
considering homeownership?


Resources:



FREE MINI COURSE: How to price property like a
professional https://www.homebuyeracademy.com.au/freecourse

Visit our website https://www.homebuyeracademy.com.au/

Learn how to buy property without making a mistake with our
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!


Subscribe on YouTube:
https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast

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Subscribe on Spotify:
https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f



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