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The Young Investors Podcast
Investing in Property During the Affordability Crisis (w/ Morgan Owen)
Aug 23, 2024
Morgan Owen, a representative from Penny Finance, shares insights on property investment during the current affordability crisis in Australia. He discusses the impacts of high property prices and rising interest rates while providing practical strategies for first-time buyers. The importance of working with mortgage brokers to navigate the market and the dangers of hasty investment decisions are highlighted. Owen also emphasizes the need for proper structuring in property investments to avoid unexpected costs, urging listeners to seek expert advice.
46:20
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Quick takeaways
- The Australian housing affordability crisis is a complex issue influenced by high prices and supply shortages, necessitating realistic expectations from potential buyers.
- Young first-home buyers can increase their chances of property ownership by saving for a deposit, developing a budget, and leveraging government incentives.
Deep dives
Understanding the Housing Unaffordability Crisis
The housing unaffordability crisis in Australia is driven by various interrelated factors. High property prices, increasing interest rates, skyrocketing rents, and supply shortages all contribute to the issue. The media often sensationalizes the situation, leading to widespread panic, even though challenges in housing affordability have been present in every generation. It is essential for potential buyers to adjust their expectations by recognizing that more affordable property options may exist in less desirable locations rather than in premium suburbs.
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