5 Reasons Why First Home Buyers Should Not Give Up

In an increasingly challenging property market, the dream of
owning your first home may seem like a distant goal. But, don't
lose hope! In this episode, we'll show you why giving up as a
first home buyer in Australia is not the solution.


The ANZ Corelogic Affordability Housing Report paints a
challenging picture for first-time home buyers. But in this
episode, we break down these challenges and give you practical
advice on how to overcome them.


Join us as we explore the 5 reasons not to give up as a first
home buyer. We believe that with the right information,
determination, and a little inspiration, you can conquer these
challenges and achieve your dreams of owning a home in today's
property market.


So, don't throw in the towel just yet. Tune in and let us help
you get the motivation and knowledge you need to take those
crucial first steps toward your first home!


Episode Highlights:


00:00 - Introduction


02:11 - Meighan’s special house of the week


03:40 - Challenge #1: The time it takes to save a deposit


05:31 - Solutions for first home buyers saving for a deposit


12:36 - Challenge #2: The rising cost of living


14:33 - How to address the challenges of the current rising cost
of living


17:24 - Challenge #3: Servicing the debt


19:13 - Solutions for overcoming the challenge of servicing the
debt


26:05 - Challenge #4: More listings don’t necessarily mean
cheaper prices


27:44 - Adapting to the dilemma of increased listings and stable
prices


30:16 - Challenge #5: The fear of expanding mortgage debt


30:58 - Dispelling the fear of expanding mortgage debt


Resources mentioned in this episode:


The ANZ Corelogic Housing Affordability Report 2023
https://news.anz.com/posts/2023/05/anz-news-corelogic-housing-affordability-report-2023

Episode 141: Why Lender’s Mortgage Insurance Isn’t Always a
Bad Choice https://homebuyeracademy.com.au/podcasts/141



Resources:



FREE TRAINING: How to make an educated
decision so you buy your first home with the right amount of
debt https://homebuyeracademy.com.au/webinar

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!


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