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Published: Oct. 17, 2023, 7 p.m.

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In an increasingly challenging property market, the dream of owning your first home may seem like a distant goal. But, don\'t lose hope! In this episode, we\'ll show you why giving up as a first home buyer in Australia is not the solution.

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The ANZ Corelogic Affordability Housing Report paints a challenging picture for first-time home buyers. But in this episode, we break down these challenges and give you practical advice on how to overcome them.

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Join us as we explore the 5 reasons not to give up as a first home buyer. We believe that with the right information, determination, and a little inspiration, you can conquer these challenges and achieve your dreams of owning a home in today\'s property market.

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So, don\'t throw in the towel just yet. Tune in and let us help you get the motivation and knowledge you need to take those crucial first steps toward your first home!

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Episode Highlights:

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00:00 - Introduction

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02:11 - Meighan\\u2019s special house of the week

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03:40 - Challenge #1: The time it takes to save a deposit

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05:31 - Solutions for first home buyers saving for a deposit

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12:36 - Challenge #2: The rising cost of living

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14:33 - How to address the challenges of the current rising cost of living

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17:24 - Challenge #3: Servicing the debt

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19:13 - Solutions for overcoming the challenge of servicing the debt

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26:05 - Challenge #4: More listings don\\u2019t necessarily mean cheaper prices

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27:44 - Adapting to the dilemma of increased listings and stable prices

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30:16 - Challenge #5: The fear of expanding mortgage debt

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30:58 - Dispelling the fear of expanding mortgage debt

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Resources mentioned in this episode:

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• The ANZ Corelogic Housing Affordability Report 2023 https://news.anz.com/posts/2023/05/anz-news-corelogic-housing-affordability-report-2023
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• Episode 141: Why Lender\\u2019s Mortgage Insurance Isn\\u2019t Always a Bad Choice https://homebuyeracademy.com.au/podcasts/141
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Resources:

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• FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
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• Visit our website https://www.homebuyeracademy.com.au/
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• Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
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• If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
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• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
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• Work with Veronica: https://www.veronicamorgan.com.au
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• Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
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• Work with Meighan: https://www.linkedin.com/in/meighanwells/
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If you enjoyed today\\u2019s podcast, don\\u2019t forget to subscribe, rate, and share the show! There\\u2019s more to come, so we hope to have you along with us on this journey!

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• Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
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• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
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• Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
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See omnystudio.com/listener for privacy information.

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