Strategic goal-setting: The key to first-time buyer success
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Strategic goal-setting: The key to first-time buyer success
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In this episode of the First Property Buyer Show, host Emilie Lauer speaks with investor and founder of the Right Property Group, Reshmi Kumar, to discuss the importance of strategy and goal-setting for first-time buyers navigating Australia’s property market.
The duo first reflects on the urgency that young buyers often feel to enter the market, driven by the fear of missing out.
Reshmi emphasises the importance of careful planning and setting SMART goals, using her own journey – beginning with just $4,500 and purchasing a $137,000 home in 1998 – as proof of how a modest start can evolve into long-term wealth.
She explains how each property she bought with her husband, Victor, aligned with broader life goals they had, such as schools and lifestyle, and recommends capital-growth-focused investments, especially for women balancing family and career.
Reshmi also advises giving at least a year between purchases to gain hands-on experience with ownership responsibilities and financial management.