Buyer Beware: First Home Becomes Costly Nightmare

Today, we’re breaking down a 2021 article with this heartbreaking
headline: “Sydney building ‘nightmare’ set to cost first home
buyer her life savings” 


What went wrong? 


We’re running through what happened, what the developer and
builder did, and ultimately, how it could have been
avoided. 


If you enjoy the show, do like, rate, subscribe, and share it
with others! We have loads of resources available and if you’d
like to chat, email us at support@homebuyeracademy.com.au!


We’ll see you on the inside! 


 


Episode Highlights: 
Horrific findings from the pre-settlement inspection
[03:37]  Plumbing works signed off by
electricians, and other dodgy stuff [08:34]
Discovering altered documents and developer denials
[12:12] The problem with off plan purchases
[16:48] Why buyers should do extensive research on
the developer [20:21] The Mascot towers fiasco
[24:35]  Risk management and hiring an expert
[26:04]

 


Links from the Show: 


Ep 60: Should First Home Buyers Buy Off the Plan?

Ep 81: Climate Change & Property Insurance

Ep 56: Proper Due Diligence for Buying Strata Properties

Elephant in the Room Ep 176: Developers are in the
Government’s crosshairs



 


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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