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EP. 1392 You Will Never Buy...Here's Why
Manage episode 474696523 series 3445143
Content provided by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
The elusive path to property ownership leaves many potential buyers frozen with uncertainty. What's the second most common question mortgage brokers hear? Surprisingly, it's "What should I buy?"—revealing a critical gap in the market where buyers lack trusted guidance.
Sydney's property landscape is notoriously complex and expensive, creating a challenging environment where many delay purchasing while waiting for the "perfect" property. This podcast tackles this hesitation head-on with a powerful message: gradual improvement trumps delayed perfection every time. With Sydney property values historically doubling every decade, the mathematics is compelling—you simply cannot save for a deposit as quickly as property values rise.
We explore practical strategies that transform "I can't buy" into "I can start now." From little-known developer programs offering 10% deposit rebates to positively-geared properties at the $600k mark that cost nothing out of pocket, there are pathways into property that many overlook. The concept of "bunny hopping" your purchase—starting with any suitable property rather than your dream home—creates a stepping stone approach that leverages growth over time. While your first purchase might not be on the northern beaches or your preferred location, it serves as the crucial first rung on the property ladder.
Got friends or family who believe property ownership is beyond reach? Challenge us to show them how possible it really is. The race to property ownership has already begun—you've got to be in it to win it. What small step could you take today that future you will thank you for?
Chapters
1. Why Buyers Ask "What Do I Buy?" (00:00:00)
2. The Education Gap for Buyers (00:02:15)
3. Buy Something vs Wait for Perfection (00:04:29)
4. Getting on the Property Bandwagon (00:06:19)
5. Tips for First-Time Buyers (00:08:01)
6. Taking Action and Final Thoughts (00:10:09)
1638 episodes
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