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  • 49 - 5% Deposit Scheme: The Questions First Home Buyers Ask Most

    49 - 5% Deposit Scheme: The Questions First Home Buyers Ask Most
    2026/10/20
    The First Home 5% Deposit Scheme lets you buy your first home with a 5% deposit and no lenders mortgage insurance (LMI). It’s the topic first home buyers ask Jack and Chris about most. There’s plenty of information out there, but most of it is general, and it leaves you wondering how the scheme actually applies to you.Mortgage brokers Jack Elliott and Chris Bates answer the questions they hear most from first home buyers. They explain how the scheme really works, what you need saved beyond your 5% deposit, and the rules that could change your plan. Then they walk through the three biggest risks of buying with a small deposit, and the simple steps to protect yourself from each one.Whether you’re just starting to save, getting close to applying, or weighing the scheme against other pathways, this episode will help you decide if the 5% Deposit Scheme fits your plan.In this episode:🔑 How the 5% Deposit Scheme works, and why 5% isn’t your total savings target🔑 Whether using the scheme means a higher interest rate🔑 Your options if your partner has owned a property before🔑 How much savings you can keep as a buffer, and why lenders set different limits🔑 The three biggest risks of buying with a 5% deposit, and how to protect yourself Timestamps00:00 - First Home 5% Deposit Scheme Q&A01:55 - How Does the 5% Deposit Scheme Work?03:44 - 5% Deposit Scheme Price Caps Explained04:49 - 5% Scheme Rules: Moving In and Renting Rooms05:41 - Deposit, Stamp Duty and Upfront Costs08:26 - Does the 5% Scheme Mean a Higher Interest Rate?10:37 - 5% Scheme When Your Partner Has Owned Before13:53 - Retained Savings: How Much Can You Keep?17:32 - Risks of Buying With a 5% Deposit19:56 - Price Caps, LMI Waivers and Other Options21:25 - Why Asset Quality Matters for First Home Buyers23:05 - How a Mortgage Broker Helps First Home BuyersReady to start your own first home journey? Book a Get to Know You Chat with Jack, mortgage broker and National First Home Buyer Specialist.Free ResourcesHousing Australia Price Cap Postcode ToolMentioned EpisodesEpisode 1: Unlocking Your Goals and VisionEpisode 6: Unlocking Asset QualityEpisode 39: Unlocking the Real Risk of Buying with a 5% Deposit and How to Protect YourselfEpisode 42: How to Choose a Quality First Home: A Buyers Agent's ChecklistWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au
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    25 分
  • 48 - How to Buy at Auction as a First Home Buyer: Prepare, Bid and Stay in Control

    48 - How to Buy at Auction as a First Home Buyer: Prepare, Bid and Stay in Control
    2026/10/06
    Buying at auction works differently to a private sale. Once the hammer falls and you're the highest bidder, the property is yours: there's no cooling off period, and you can't pull out if your finance doesn't come through. You're also bidding in public against agents and auctioneers who've done this hundreds of times, so it's no wonder so many first home buyers find auctions daunting, or avoid them altogether.Mortgage broker Jack Elliott brings buyers agents Veronica Morgan and Meighan Wells back for the final part of the Buyers Agent Series, and their message is simple: auction is just another way to buy, and good preparation keeps you in control. They explain why your finance and property checks need to be sorted before auction day, not after, and the terms you can ask the seller to change beforehand. Then they walk you through the day itself, including how to decide the most you're willing to pay before the bidding starts.If auctions are common where you're buying, or the home you love is heading to one, this episode will help you walk in prepared and bid with confidence.In this episode:🔑 How buying at auction differs from a private sale, and why the rules change from state to state🔑 Why pre-approval alone isn't enough, and why your broker should check the property before you bid🔑 Why an agent might ask for an offer before the auction, and what to find out before you make one🔑 The checks to finish before auction day, and the changes you can ask for, like a 5% deposit instead of 10%🔑 How to bid with confidence on the day, and why waiting too long to bid can cost you the propertyTimestamps00:00 - How to Buy a House at Auction in Australia03:07 - Auction vs Private Sale: No Cooling Off Period05:46 - Why Sellers Choose Auction in Sydney and Melbourne09:16 - Do You Need Pre-Approval to Bid at Auction?11:35 - Should You Make a Pre-Auction Offer?16:50 - Due Diligence Before Auction: What to Check22:00 - Can You Pay a 5% Deposit at Auction?24:02 - What Happens on Auction Day28:30 - How to Bid at Auction: Bidding Strategies30:43 - What Happens When a Property Passes In?32:41 - First Auction Tips: Watch Before You Bid35:48 - Common Auction Mistakes First Home Buyers Make40:25 - Final Tips and the First Home Buyer CourseReady to start your own first home journey? Book a Get to Know You Chat with Jack, mortgage broker and National First Home Buyer Specialist.More about Home Buyer AcademyHBA First Home Buyer CourseGet 50% off the course and access to the weekly Campfire sessions when you work with Jack as your mortgage broker: start hereHow to Price Property Like a ProfessionalHome Buyer Academy WebsiteYour First Home Buyer Guide PodcastConnect with VeronicaAuction Ready by Veronica MorganVeronica's WebsiteGood Deeds Property Buyers WebsiteVeronica's LinkedInConnect with MeighanProperty Pursuit WebsiteMeighan's LinkedInFind Out More About Alcove's Trusted Buyers AgentsAlcove Trusted Buyers Agent MapMentioned EpisodesEpisode 41: Unlocking Buyers Agents: What First Home Buyers Need to KnowEpisode 42: How to Choose a Quality First Home: A Buyers Agent's ChecklistEpisode 44: Price Guides, Off Market and Agents: How to Search for Your First HomeEpisode 45: Inspections and Due Diligence: What to Check Before You Buy Your First HomeEpisode 46: How to Make an Offer and Negotiate with Agents: A First Home Buyer's GuideWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au
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    46 分
  • 47 - Is Now a Good Time to Buy? The 4-Point Checklist for First Home Buyers

    47 - Is Now a Good Time to Buy? The 4-Point Checklist for First Home Buyers
    2026/09/22
    Is now a good time to buy? It's the question Jack's hearing most from first home buyers right now. With headlines about falling property prices, negative equity and interest rates everywhere, sellers are sitting tight, and pre-approved buyers are struggling to find anything worth buying.Mortgage brokers Jack Elliott and Chris Bates cut through the noise to explain what's really going on: why so few properties are for sale this spring, what falling prices actually mean for you, and why trying to time the bottom of the market is riskier than it sounds. Then Jack shares four simple checks to help you work out whether now is the right time for you to buy.Whether you're actively searching, still getting your finances in order, or waiting to see what the market does, this episode will help you make the call based on your situation, not the headlines.In this episode:🔑 Why so few properties are for sale right now, and who's still selling🔑 Why the "prices are falling" headline is an average, and how to check what's happening where you're buying🔑 Why nobody can pick the bottom of the market, and how waiting can mean missing out when confidence returns🔑 Four checks to know if you're ready to buy🔑 How buffers, a practised repayment and the right cover protect you from being forced to sell in a downturn Timestamps00:00 - Is Now a Good Time to Buy Your First Home?02:07 - Why So Few Properties Are for Sale Right Now02:46 - Who's Selling in a Down Property Market?04:15 - How Spring and Autumn Property Seasons Work06:01 - Why It's OK to Be Fussy About Asset Quality06:59 - What to Expect From Spring Property Listings09:47 - What Falling House Prices Really Mean13:00 - Property as an Asset Class and Negative Equity15:25 - Should You Wait for Prices to Fall?18:10 - Checklist 1: Your Goals and Vision21:21 - Checklist 2: Your Finance Strategy22:17 - Checklist 3: Buffers and Protecting Yourself25:05 - Checklist 4: Quality Property and Due Diligence27:34 - Final Thoughts: Asset Quality in a DownturnReady to start your own first home journey? Book a Get to Know You Chat with Jack, mortgage broker and National First Home Buyer Specialist.Free ResourcesGoals and Vision WorkbookBuyer's Agent MapMentioned EpisodesEpisode 1: Unlocking Your Goals and VisionEpisode 6: Unlocking Asset QualityEpisode 39: Unlocking the Real Risk of Buying with a 5% Deposit and How to Protect YourselfEpisode 41: Unlocking Buyers Agents: What First Home Buyers Need to KnowEpisode 42: How to Choose a Quality First Home: A Buyers Agent's ChecklistEpisode 45: Inspections and Due Diligence: What to Check Before You Buy Your First HomeWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au
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    32 分
  • 46 - How to Make an Offer and Negotiate with Agents: A First Home Buyer's Guide

    46 - How to Make an Offer and Negotiate with Agents: A First Home Buyer's Guide
    2026/09/08
    Making an offer is where a lot of first home buyers get stuck. How do you make an offer? How much do you offer? What do you say to the agent? Nobody explains the process, and once you're in it, things move quickly and the pressure builds.In this episode, Jack sits down with buyers agents Veronica Morgan and Meighan Wells to walk through the offer process for a private sale, from preparation through to negotiation. They cover what to have sorted first, including why your conveyancer needs to see the contract before you offer rather than after, and when an offer actually becomes binding, because it's not the moment the agent says yes. Veronica and Meighan also break down everything an offer contains beyond the price, from the deposit and settlement terms to inclusions, and how a lower offer with the right terms can beat a higher one. And they get into how agents run a negotiation, the questions to ask along the way, and what to say when you're asked whether you can go higher.Whether you're making an offer this weekend, still working out what you can afford, or somewhere in between, understanding the process is what helps you make confident decisions when you start offering and negotiating.In this episode:🔑 What to have organised before you make an offer🔑 The questions to ask an agent about their offer process🔑 When an offer actually becomes binding, and why it changes state to state🔑 What makes up an offer beyond the price🔑 When an unconditional offer makes sense, and the finance risks to check with your broker🔑 What to say when an agent asks if you can go higherTimestamps00:00 - How to Make an Offer in a Private Sale02:42 - What to Organise Before You Make an Offer06:54 - How to Choose a Conveyancer or Solicitor11:50 - What to Ask a Real Estate Agent Before Offering15:55 - When Does an Offer Become Binding?22:10 - How Much Deposit Do You Need to Pay?25:05 - Unconditional Offers and the Finance Risks30:07 - What's Included When You Buy a Property?34:38 - Real Estate Agent Tactics and How to Respond37:24 - How to Talk to an Agent During a Negotiation41:15 - How to Work Out What a Property Is Worth42:45 - Why an Offer Is Never Just a NumberReady to start your own first home journey? Book a Get to Know You Chat with Jack, mortgage broker and National First Home Buyer Specialist.More about Home Buyer Academy Home Buyer Academy First Home Buyer Course Your First Home Buyer Guide PodcastFirst Home Unlocked listeners get 50% off the First Home Buyer Course and access to the weekly Campfire sessions when they work with Jack as their mortgage broker.Connect with Veronica Good Deeds Property Buyers Veronica's LinkedInConnect with Meighan Property Pursuit Meighan's LinkedInMentioned EpisodesEpisode 45: Inspections and Due Diligence: What to Check Before You Buy Your First HomeWant to keep the conversation going?👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱 Follow us on social media: Instagram, TikTok, YouTube firsthomeunlocked.com.au
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    45 分
  • 45 - Inspections and Due Diligence: What to Check Before You Buy Your First Home

    45 - Inspections and Due Diligence: What to Check Before You Buy Your First Home
    2026/08/25
    Most first home buyers walk into an open home already at a disadvantage. The styling is there to make you feel something, the agent is warm, and everything on show has been prepared by people who do this professionally. That's not a failure of judgement, it's a sales process working exactly as intended. What happens between that first inspection and signing a contract is where the real work sits, and it's the part almost nobody explains.Jack is joined again by buyers agents Veronica Morgan and Meighan Wells to walk through the checks that happen once you've found a property you're serious about. They cover what to assess at an inspection beyond the presentation, why a second look reveals things the first one never will, and what a building and pest inspection actually covers. They also get into the due diligence that has nothing to do with the building itself, from council approvals and zoning to what could be built behind your back fence, and the strata report checks that come with buying an apartment or townhouse.Whether you're already spending your Saturdays at open homes or still working out where to start, this is the stage where the right questions save you the most money.In this episode:🔑 What to actually assess at an inspection once you look past the styling🔑 What a building and pest inspection covers, and what it doesn't🔑 Why the agent's report may not be working in your interest🔑 The council, zoning and strata report checks that go beyond the property itself🔑 How to weigh up what comes back and decide whether to proceed or walk awayTimestamps00:00 - What to Check Before You Buy a Property 05:36 - How to Look Past the Styling at an Open Home 08:27 - What to Check at an Open Home 11:43 - What Is a Building and Pest Inspection? 15:09 - Why the Agent's Building Report Isn't Enough 20:26 - When Should You Book a Building and Pest? 23:24 - How to Check Council Records and Zoning 27:11 - What to Check Before Buying an Apartment 31:37 - Should You Proceed or Walk Away? 35:42 - When Not to Walk Away From a Property 38:20 - Where to Find Veronica and Meighan Ready to start your own first home journey? Book a Get to Know You Chat with Jack, mortgage broker and National First Home Buyer Specialist.More about Home Buyer AcademyHBA First Home Buyer Course (Access for discounted price if you work with Jack as your mortgage broker - start here)Home Buyer Academy WebsiteHow to Price a Property Mini CourseYour First Home Buyer Guide PodcastConnect with VeronicaVeronica Morgan WebsiteGood Deeds Property BuyersVeronica's LinkedInConnect with MeighanProperty Pursuit WebsiteMeighan's LinkedInWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱 Follow us on social media: Instagram, TikTok, YouTube firsthomeunlocked.com.au
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    40 分
  • 44 - Price Guides, Off Market and Agents: How to Search for Your First Home

    44 - Price Guides, Off Market and Agents: How to Search for Your First Home
    2026/08/11
    You open the apps, set up a few alerts, and start going to inspections. A few months in, nothing is working, everything sells for well above what the guide said, and you're starting to wonder how anyone is affording it. Veronica Morgan and Meighan Wells see this constantly, and they say the frustration is almost always because of a search that was set up the wrong way from day one.In this episode, Jack sits down with Veronica and Meighan to work through the search phase properly. We talk about pressure testing your non-negotiables against what your budget will actually deliver, why the same feature can be a deal breaker in one suburb and negotiable in the next, and what separates a genuine off-market property from a pre-market one. Veronica and Meighan also explain why agents almost universally quote low, how to build your own view of what a property is worth using comparable sales, and how to work with selling agents so you become the buyer they call first.Whether you're inspecting every weekend, still working out where your budget actually stretches to, or just getting your head around how the process works, this episode will change how you approach your search.In this episode:🔑 What to sort out before you start looking, and why it saves months🔑 How to pressure test your non-negotiables against what your budget will actually buy🔑 The difference between off-market and pre-market, and why neither guarantees a good deal🔑 How to read a price guide, and why agents quote low on purpose🔑 How to build a relationship with a selling agent so you become the first callTimestamps00:00 - Why Most Property Searches Go Wrong03:34 - Non-Negotiables vs What Your Budget Will Buy07:00 - How to Set Up Your Property Search09:50 - Which Property Search Websites to Use12:02 - Off-Market vs Pre-Market Property Explained16:20 - Is an Off-Market Property a Good Deal?17:48 - How to Read a Price Guide and Why It's Low23:45 - How to Use Comparable Sales to Value a Property28:48 - How to Deal With Real Estate Agents32:25 - Mistakes First Home Buyers Make With Agents35:38 - Home Buyer Academy Course and Campfire SessionsReady to start your own first home journey? Book a Get to Know You Chat with Jack, mortgage broker and National First Home Buyer Specialist.Free ResourcesDownload the Goals and Vision WorkbookMore about Home Buyer AcademyHBA First Home Buyer Course (Access for discounted price if you work with Jack as your mortgage broker - start here) Home Buyer Academy Website Your First Home Buyer Guide PodcastConnect with Veronica Veronica's Website Good Deeds Property Buyers Veronica's LinkedInConnect with Meighan Property Pursuit Website Meighan's LinkedInMentioned Episodes Episode 1: Unlocking Your Goals and VisionEpisode 41: Unlocking Buyers Agents: What First Home Buyers Need to KnowEpisode 42: How to Choose a Quality First Home: A Buyers Agent's ChecklistWant to keep the conversation going?👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱 Follow us on social media: Instagram, TikTok, YouTube firsthomeunlocked.com.au
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    42 分
  • 43 - Market Update: 5% Deposit Scheme Changes and How to Get Spring Ready

    43 - Market Update: 5% Deposit Scheme Changes and How to Get Spring Ready
    2026/07/28
    There's a lot of noise in the market right now. The federal budget changes are locked in, the media coverage has turned negative, and first home buyer loan applications have actually dropped rather than risen. If you're planning to buy your first home, it's hard to know what any of that means for you.In this episode, Jack Elliott and Chris Bates give a market update on where things really stand post-budget, and why a nervous market can work in a first home buyer's favour. They also run through the three changes that came into effect on 1 July under the First Home 5% Deposit Scheme: higher property price caps in some areas, easier refinancing rules, and a new cap on how much you can retain in savings after settlement. Jack shares a client situation from last week showing how the retained savings change plays out in practice, and why the answer depends on both the scheme rules and the lender you choose.Then there's what you can actually control. Spring listings are coming, and the buyers with a plan in place can act straight away while the ones starting from scratch are weeks behind before they've even inspected a property.In this episode:🔑 What's really happening in the market now the budget changes are locked in🔑 The new price caps and which regional areas can now access the higher $1.5 million cap🔑 What changed with refinancing under the scheme and why the switch is now easier🔑 The new cap on retained savings, and why each lender sets its own limit underneath it🔑 The five step roadmap to get yourself spring ready before listings pick upTimestamps00:00 - Where the Market Really Sits Post Budget05:44 - What Investors Are Doing and What It Means for You07:29 - Is It Actually a Good Time to Buy?09:57 - What Changed on 1 July: The New Price Caps12:43 - Refinancing Under the 5% Deposit Scheme13:45 - Retained Savings: The New Cap and a Client Example17:10 - Why Lender Choice Matters More Than the Cheapest Rate18:39 - The Five Step Roadmap to Get Spring Ready24:51 - Why is it Important to Get Spring Ready?26:45 - Final Thoughts and Wrap UpReady to start your own first home journey? Book a Get to Know You Chat with Jack, mortgage broker and National First Home Buyer Specialist.Free ResourcesGoals & Visions WorkbookMentioned EpisodesEpisode 1: Unlocking Your Goals and VisionEpisode 6: Unlocking Asset QualityEpisode 10: Unlocking the 5% Deposit SchemeEpisode 37: Unlocking the 2026 Federal BudgetEpisode 39: Unlocking the Real Risk of Buying with a 5% Deposit and How to Protect YourselfEpisode 41: Unlocking Buyers Agents: What First Home Buyers Need to KnowEpisode 42: How to Choose a Quality First Home: A Buyers Agent's ChecklistWant to keep the conversation going?👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱 Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au
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    29 分
  • 42 - How to Choose a Quality First Home: A Buyers Agent's Checklist

    42 - How to Choose a Quality First Home: A Buyers Agent's Checklist
    2026/07/21
    We talk about asset quality constantly on this podcast because it's one of the biggest decisions you'll make as a first home buyer. But understanding why it matters and actually knowing how to assess a property in the real world are two different things. That's why Meighan Wells, a buyers agent with over 22 years of experience and founder of Property Pursuit Advisors, is here to break down exactly what asset quality looks like.Your first home isn't just somewhere to live, it's the foundation of your future wealth. In this episode, Meighan walks through why getting this right matters so much for first home buyers, how scarcity, supply, and demand shape long-term growth, and the fundamentals to look for at a suburb level. We also go into what actually makes a good street, a good block of land, and a good property, plus what to look out for on your inspections and the common mistakes first home buyers make that can really cost them down the track.This is a really important episode in understanding what quality actually looks like at each level, from suburb to street to property, is what separates first home buyers who move forward confidently from those who end up making costly mistakes.In this episode:🔑 Why asset quality matters so much for first home buyers🔑 How scarcity, supply, and demand shape long-term growth🔑 What to look for when assessing a suburb🔑 What makes a good street, block, and property🔑 What to look out for on inspections and the mistakes to avoidTimestamps00:00 - Introducing Meighan Wells01:31 - Meighan's Story: Background and Passion for First Home Buyers04:12 - Why Asset Quality Matters05:57 - Scarcity, Supply, and Demand Explained07:42 - Strategy First, Not Apps11:08 - What to Consider at Suburb Level14:02 - Assessing at Street Level17:45 - What to Look For When Inspecting26:53 - Aspect and Orientation: What's Ideal31:04 - Common Mistakes First Home Buyers Make35:53 - The "Any Property Is Better" Myth37:42 - What Makes a Good Apartment40:41 - Townhouses: What to consider?42:13 - How to Choose between Apartments vs Townhouses vs Houses46:21 - The Revise and Correct Step48:54 - What About New Builds?51:35 - Final Asset Quality Tips55:06 - Home Buyer Academy and Campfire Sessions59:04 - Where to Find Megan and Property PursuitReady to start your own first home journey? Book a Get to Know You Chat with Jack mortgage broker and National First Home Buyer Specialist. Free ResourcesHow To Choose A Quality First Home In Australia Resource More about Home Buyer Academy HBA First Home Buyer Course (Access for discounted price if you work with Jack as your mortgage broker - start here)Home Buyer Academy WebsiteYour First Home Buyer Guide PodcastConnect with MeighanProperty Pursuit WebsiteMeighan's LinkedinMentioned EpisodesEpisode 6: Unlocking Asset QualityWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored mortgage support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au
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    1 時間 2 分