A Closer Look at Shared Equity Strategies for First-time Home Buyers

As housing costs continue to rise and traditional financing
options become increasingly out of reach for first-time buyers,
finding an accessible pathway towards homeownership has become a
real challenge in today's property market.


These challenges often make it hard for people to buy a home,
especially if they don't qualify for first home buyer schemes or
are unable to rely on family to support their break into the
housing market. It can feel like their dream of owning a home is
slipping away, hence the need for fresher and more innovative
solutions.


Today, we have a chat with Evan Thornley, CEO of Longview — also
a distinguished technology and social entrepreneur. With over
seven years of dedicated efforts towards addressing Australia's
housing issues, Evan shares his insights on making homeownership
more accessible.


Curious about alternative ways to buy your first home? Listen as
Evan shares his expertise on shared equity strategies, offering
insights that could change your approach to homeownership. Be
informed – tune in now!


Episode Highlights:


00:00 - Introduction


02:23 - Who is Evan Thornley?


03:05 - The Shared Equity Scheme


07:37 - Where does the money come from in a shared equity scheme?


10:54 - The difference between shared equity scheme and other
government schemes


13:44 - Balancing homeowner empowerment and investor interests


16:00 - Who is qualified to take advantage of the shared equity
scheme?


21:19 - What is the share for the investor vs the buyer?


27:06 - Factors to consider when making financial decisions in
the context of buying property


30:30 - Securing investor interests in property transactions
under the shared equity scheme


32:21 - In different scenarios where the property is unsold, how
is investment repaid?


36:15 - Finding financial advice in a limited advisor market:
what are the options?


41:07 - What Evan Thornley wishes he knew as a first home buyer


About Our Guest:


Evan Thornley is a technology and social
entrepreneur who, with 30 years of property investment experience
in Australia and the US, has been dedicated to finding solutions
for Australia's housing problems for the past seven years.
Starting from the ground up, he built a firm focused on acquiring
and managing investment-grade residential properties, which has
since evolved into LongView—a recognised industry leader in
residential property buying and management. LongView is at the
forefront of pioneering the development of a funds management
industry in the existing dwelling asset class. With his extensive
experience, Evan brings a wealth of knowledge to address the
intricate challenges within Australia's housing landscape.


Connect with Evan Thornley:


Facebook:
https://www.facebook.com/evan.thornley/?mibextid=ZbWKwL

LinkedIn: https://www.linkedin.com/in/evanthornley



Resources mentioned in this episode:


LongView Buying Boost https://longview.com.au/buying-boost



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/



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and share the show! There’s more to come, so we hope to have you
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