Struggling to save for a deposit or unsure how to get your foot in the door of the property market?

This episode of the Home Buyers Australia podcast is here to help! Hosts Damien Walker and Jack Corbett share essential strategies for Millennials and Gen Z to save a deposit, leverage government grants, and creatively navigate the challenges of buying your first home.

Learn how to focus on increasing your income, keeping lifestyle creep in check, and making smart decisions that will set you up for success. Whether you’re thinking about buying with friends or family, or simply looking for tips on asset selection, this episode covers it all.

In this episode, you’ll explore:

• The importance of income growth and how to maximise it to save for your first home.
• Creative ways to keep your expenses low while saving, such as house-sharing and living with parents.
• How to utilise government grants and the "Bank of Mum and Dad" to bolster your deposit.
• The benefits and risks of buying property with friends or siblings.
• Tips on selecting the right first property, from units to houses, and understanding asset scarcity.
• Innovative mortgage products like property share that can ease the path to homeownership.

Timestamps:

00:00 - Introduction: Cracking the Code for Millennials and Gen Z
01:38 - The Role of Income in Saving for Your First Property
06:35 - Keeping Lifestyle Creep in Check While Saving
10:11 - Leveraging Government Grants and the "Bank of Mum and Dad"
15:23 - Buying with Friends or Siblings: Risks and Rewards
19:34 - Asset Selection: What to Look for in Your First Property
25:53 - Creative Financing Options for First-Time Buyers

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

• Facebook: https://www.facebook.com/homebuyersaustralia
• Instagram: https://www.instagram.com/homebuyersaustralia
• TikTok: https://www.tiktok.com/@homebuyersaus
• YouTube: www.youtube.com/@HomeBuyersAus