Will property prices keep going up? 🤔 This is a questions we've all asked more than once. In this episode of First Home Foundations, we dive deep into the land and development market to uncover the truth. 🔍 Learn how COVID-19 has impacted prices, understand the latest trends shaping the home buying landscape, and discover expert tips for navigating the process. 🏡

This episode will explore:

• The impact of COVID-19 on the property market: How has the pandemic affected prices and demand?
• The current state of land supply: Is there enough land to meet the growing demand for housing?
• Expert tips for navigating the home buying process: Learn from the mistakes of others and make informed decisions.

By having a better understanding of the hidden world of land and development, you will be able to make informed decisions about your home purchase. Discover the factors driving property prices, understand the role of land supply, and learn about the latest trends in property.

Chapter Timestamps: 0:00 - 12:08 Getting to know James

12:10 - 15:23 Finding a mentor

15:24 - 18:56 The secret to success

19:27 - 21:28 What do you want in life?

21:36 - 27:28 Getting over the first home buying fear

27:28 - 33:29 The Basics of Handling Money

33:29 - 37:24 Financial Literacy

38:08 - 41:22 Perspectives on Money

41:44 - 44:49 Being a First Home Owner

44:51 - 45:22 Being an investor

45:22 - 49:29 Financial Independence

49:30 - 59:40 Australian Land Crisis

59:40 - 01:01:49 First Home Buyer Advice

01:01:50 - 01:02:03 - Closing remarks

Despite its massive landmass, Australia is grappling with a land supply shortage that's impacting home buyers nationwide. Why is this happening?

In this eye-opening episode of First Home Foundations, Leigh sits down with Mitchell Scale, a National Acquisitions Manager, to break down the land development scene.

This episode talks about the following topics:

• The root causes of the land supply issue
• Key differences between units, townhouses, and new builds
• Essential contract clauses every first-time buyer should know

With a better understanding about land development, you will be better equipped with the knowledge to navigate the home buying process, position yourself better to deal with land development agents, and make informed decisions for your dream home.

🎧 Subscribe to First Home Foundations and find out how to turn your home-buying dreams into reality!

Episode Chapters

00:00 Getting to know the Mitchell Scale

03:05 Takeaways of being in property

04:36 Units and Townhouses

07:33 Disadvantage of A Unit or Townhouse

09:26 Unconditional Contract

11:15 Finance Clauses

12:55 Struggles for Developers

17:38 Australian Housing Crisis

18:56 Increasing House Demand

19:40 Immigration

24:26 How Immigration Helps Australia

29:34 Inflation

34:48 Housing Supply Problems

38:03 The First Home Specialists Process

43:04 Do developers hold back blocks?

44:30 Land Shortage

49:34 The Solution to Land Supply

51:13 Home Buying Journey

56:43 Saving for a home

56:15 Getting into the property market

01:05:07 The Emotional Journey of First Home Buying

01:09:33 When should you buy your property?

01:13:14 Buying a home with a low deposit

01:13:52 Investment Property

01:18:10 First Home Buying Advice

Buying your first home is more than just a financial decision—it’s a major relationship milestone. Bella and Sam discovered this first-hand when they embarked on their home-buying journey. In this episode, Leigh dives deep into their experience, exploring the challenges they faced, the compromises they made, and how they overcame doubts to secure their dream home.

Throughout the episode, you'll be able to understand:

• How to align your financial and emotional goals as a couple
• The real conversations you need to have before buying a home
• Strategies for turning doubts into opportunities

If you're a couple about to buy their first home, then this is the episode for you. Discover the raw, real experiences of Bella and Sam as they navigate the ups and downs of their home-buying journey. Uncover practical tips and heartfelt advice that will empower you to tackle challenges together, deepen your connection, and transform your dream home into a reality.

🎧 Subscribe to First Home Foundations and find out how to turn your home-buying dreams into reality!

Chapters:

00:00 Getting to know the guests

27:50 Bella and Sam's Home Buying Journey

29:50 Paying off Credit Card Debts

32:05 Overcoming the Credit Card Debt Hurdle

35:28 Money Habits

42:28 Finances in relationships

47:10 Exploring Affordability

49:15 Pressures from Friends and Family

57:29 Navigating through the fear and pressure

59:51 First Home Buying Compromise

01:03:37 First Home Reactions

01:06:17 Buying a home is difficult but not impossible

01:10:33 Wrapping up