Australian Finance Podcast Smashing property goals (5 expert tips) [Part 6 of 11]
20 snips
Jan 20, 2025 Discover how to set property goals that align with your financial plans, whether you're a first-time buyer or seasoned investor. Explore common myths surrounding property ownership, including the concept of rent vesting. The discussion highlights the emotional factors in home buying and the importance of assessing property values strategically. Learn why early communication with mortgage brokers is essential, and uncover the significance of home equity in your investment strategy. Plus, get insights into the BetaShares Equal Weight ETF for balanced growth.
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20% Deposit Myth
- Bust the myth that you need a 20% property deposit to buy a house.
- Consider LMI if it gets you into the market sooner, as it can be a worthwhile trade-off.
Buy Once, Buy Well
- Buy once and buy well: aim for quality over quantity when purchasing property.
- Avoid buying off-the-plan or apartments as your first home purchase, as these can be risky.
Target Emotional Buyers
- Consider who your likely buyer will be when purchasing a property.
- Targeting emotional buyers, such as families seeking their forever home, can maximize resale value.