First home buyer pitfalls: Avoiding expensive mistakes in today's market
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First home buyer pitfalls: Avoiding expensive mistakes in today's market
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First-time buyers are driving demand for two-bedroom apartments this Spring, but costly mistakes in the property market can set newcomers back years – so how do you avoid them and build lasting wealth?
In this episode Jarrod discusses:
- Not waiting for finance: start educating yourself early on priorities, locations, and property types
- Using government grants wisely without letting them steer you toward poor investments
- Dropping preconceived ideas about property types to align with your actual lifestyle and goals
- Focusing on potential rather than perfection, prioritising unchangeable factors like location
- Understanding buying processes, from auctions to private sales, and assembling expert help
- The critical need for thorough due diligence, including inspections and independent valuations
We enjoy providing you with free insights into the Melbourne property market and property investment more broadly. Thank you for listening.
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Investing in property makes sense. Investing in the right property takes knowledge.
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