Australian Finance Podcast Creating a financial plan to buy your first home (ft. financial adviser Alex Luck)
16 snips
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.
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Housing's Financial Impact
- Housing remains a fundamental need and priority for many Australians. - The high cost of property requires more careful financial planning than before.
Use Financial Advisors for Planning
- Consult a financial advisor to understand the full cash flow impact of buying property. - They help assess affordability beyond just mortgage repayments, considering broader life goals.
Plan Long-Term for Ownership
- Remember property ownership is a long-term commitment, ideally 10+ years. - Consider all ongoing costs to ensure sustainability before purchasing.