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Australian Finance Podcast
Creating a financial plan to buy your first home (ft. financial adviser Alex Luck)
Nov 18, 2024
Host Kate Campbell chats with Alex Luck, a financial advisor from Everest Wealth, about crafting a financial plan for first-time homebuyers. They delve into the significant role of financial advisors in navigating the complexities of homeownership. Alex breaks down practical government incentives and smart strategies, like leveraging superannuation for deposits. He emphasizes the importance of realistic budgeting and long-term planning to handle unforeseen costs. Listeners gain invaluable insights to boost their home-buying journey with confidence.
46:11
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Quick takeaways
- Consulting a financial advisor is crucial for understanding the full financial implications of homeownership beyond mortgage repayments.
- First-time buyers should explore government incentives like stamp duty exemptions to ease their entry into the housing market.
Deep dives
Staying Invested and Diversified
Remaining invested over time is challenging, and maintaining a diversified portfolio is crucial for wealth growth. Low-cost, broad-based ETFs serve as foundational elements for a stable investment strategy, offering a variety of options like cash, Australia 200, and NASDAQ 100 exposure. Utilizing such ETFs, particularly from companies like BetaShares, can help investors navigate market fluctuations while striving for long-term financial goals. It is emphasized that diversification not only reduces risk but also enhances the potential for returns over time.
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