#15 Tom Egan | The State of First Home Buying

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First Home Foundations

First Home Specialists

18 episodes

3 days ago

Welcome to the First Home Foundations podcast, where we break down the essential steps for first-time home buyers. Hosted by experts in the field, and homeowners with various first home buying experiences, each episode delves into the core fundamentals of purchasing your first home, from setting realistic goals to navigating the complexities of financing and finding the perfect property. Whether you’re just starting your home-buying journey or need guidance along the way, this podcast is your go-to for making the process simple, easy, and fun. Join us as we empower first-home buyers to achieve the dream of homeownership.

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#15 Tom Egan | The State of First Home Buying

First Home Foundations

1 hour 2 minutes 53 seconds

7 months ago

#15 Tom Egan | The State of First Home Buying

Are homes becoming less affordable?
In this episode, Tom Egan and Leigh dive deep into the ongoing land shortage crisis in Australia and how it’s impacting the property market – from buyers and builders to developers. With prices skyrocketing and homes becoming less affordable, it’s important to understand what’s really happening behind the scenes.How is the land shortage affecting you as a first home buyer? In this conversation, Tom and Leigh break down the ripple effects of limited land supply and how it’s driving up prices, limiting options, and pushing many buyers out of the market. First-time buyers will get an inside look at the Property Market System and learn what changes need to happen to make it work for everyone – or risk being priced out for good.In this episode, you’ll discover:

Why is the land shortage driving up home prices? 📈
Are developers keeping prices high, or is there more to the story? 💸
How can first home buyers still get into the market with a low deposit? 🏠

Don’t miss out on these crucial insights to help you make smart moves on your journey to homeownership. Hit play and take notes – this could be the first step toward your dream home! 🌟
CHAPTER TIMESTAMPS

0:00 Guest Introduction

01:39 Home buying and Opportunities

10:20 The Queensland Property Market

18:34 Understanding First Home Buyer Grants

23:23 Why can't developers reduce their prices?

24:51 Are long approvals causing more demand?

26:42 What is bringing house prices up?

31:00 The effect of increasing prices on home buyers

33:22 How can you buy a home today?

36:17 The future of homebuying in Australia

45:26 Land Registration and First Home Buying

54:02 Potential Hotspots

01:01:04 Closing Remarks