Great stuff Lachlan! Keep up the savings, its always the hardest part but good to hear you've had a 5 year head start!! If you had any topics you wanted me to cover in future videos let me know. Thanks, Jayden.
If you don’t mind me asking brother how much are you up to? I’m 22 & started saving 2 months ago ( now I have a good job ) and I’m just shy of 4K. Decided to stay away from new cars and holidays and go for gold. Goodluck on your journey my dude 🤙
This was explained honestly and with care for those of us who aren’t aware. How did you get into this field of work? This is something I am interested in!
Thanks Rara appreciate it! I got into finance after going to university, just started working with a bank initially and learned from there. Cheers, Jayden.
its good to see informative real estate videos coming from a local source. I'm from the Goldy haha a lot more applicable than the US videos I had been watching
Hey @VR, yeah there are a bunch of fees I guess also you need to remember its a pretty large transaction - compare it to fees of say uber eats as a % cost- You order a burger etc for $30 and pay $4.95 delivery fee which is like 16% fee - if the % fees were this high on a home it would be much worse!!
The Strata report ought to be free. They are already written for the Owner's Committee, so all the Strata Manager is doing is emailing you a copy. But the SMs know every rort in the book.
Thanks so much @hesitantpossum! 🙌 because you took the time to leave a comment I'd love to take the time to post you a copy of our book on the 3 simple steps to home buying - assuming you're in Australia please shoot me a copy of your address and I'll get it into the post Jayden.vecchio@huntergalloway.com.au 📬
I loved your tips gave me Soo much insight into buying my first home. Problem is am looking for a house in Victoria Geelong. Your tips are definitely helpful
Thanks @Patch! Really appreciate it, if you're looking at the Brisbane market make sure you check out our video th-cam.com/video/VplzHgGFMcw/w-d-xo.html hope you enjoy! Good luck and any questions let me know. Jayden.
Yes, it is part of the deposit. However, it's important to clarify that stamp duty and the deposit are not the same thing. Stamp duty is a state tax paid on the purchase of a property, while the deposit is part of the purchase price that you pay upfront. You need to pay both to get a home, so you might pay 5% deposit + stamp duty in total.
Hey @YaraNoor thanks much appreciated! You're in luck, we actually have a pre-settlement checklist you can get from www.huntergalloway.com.au/wp-content/uploads/2019/02/House-Settlement-Checklist.pdf and even a moving checklist www.huntergalloway.com.au/resources/. You definitely want to do a walk through to check for defects, chipped paint, etc that the builder can fix up for you before you take the place over.
Awesome video. But I am wondering how to calculate the interest amount in Tip1, take a interest rate at 6% as an example, 5820*6%*30=10476, not that much. Did I use the wrong assumption on interest rate😢
Hi Richard. Great question. To calculate the lenders mortgage insurance feel free to check out this calculator: www.huntergalloway.com.au/lmi-calculator/ or to work our repayments feel free to us this calculator: www.huntergalloway.com.au/home-loan-extra-repayment-calculator/
Thanks Amada, great question. The costs range, however, an example of some below: Conveyancer and Legals costs/searches: $1,500 Building and Pest Inspection: $500 Moving Costs: $200+ Cleaning Costs: $100+
When should you get a building and pest report done? After you've gone for a home inspection at an open home? Or literally, like you said in the video, before you sign the contract (which I would have thought is a bit late into the process)?
Can't believe how much land and water rates are fml. Also I despise body corp. Can afford an apartment in the valley but not the body corp!!! Some body corp fees are so high that after a few years you would've paid the value of your apartment!!! Makes me wonder how rich people are able to part with that money lol
LMI is such a scam. It insures the bank if you default. They can even chase the individual if that happens. It is completely not in the borrower’s interest to have, never mind buy.
Hey Anjali, great question. You need to have completed your building and pest (and all due diligence) before auction. Once the hammer goes down, you own the place - here are a few vides we've done that cover this - th-cam.com/video/wa8ez9H5VKY/w-d-xo.html and th-cam.com/video/3udwuKSkK_Y/w-d-xo.html and th-cam.com/video/wa8ez9H5VKY/w-d-xo.html
Thanks Mick! Appreciate it if you have any other questions let me know! As a bonus for the comment I’d love to post you a copy of our book Home & hosed the 3 steps to buying a home (assuming you’re in Australia) shoot me your address and I’ll get it into the mail - Jayden.vecchio@huntergalloway.com.au
Hey Laura, great question but not easy to answer unfortunately 🤣 Best to do your research (follow the steps th-cam.com/video/KXVu9Lp0ogU/w-d-xo.html) or chat to a buyers agent that can give you suggestions.
Hey Brendan thanks so much for the comment! Hope you learnt something from the video! Because your comment has made my day I’m going to send you a free copy of our book Home & Hosed the 3 steps to buying your home. Shoot me an email with your address (assuming you're in Australia) and I’ll get it into the post - Jayden.vecchio@huntergalloway.com.au thanks mate! Jayden.
Hi guys, Loving your videos so far! I was wondering if you could make a video for first home buyers that are buying alone? Single income and earning an average income with less than 20 % deposit (approx 10%) Disadvantages and advantages, what the bank looks for etc? Or if you already have a video. Could you please let me know which one it is? Thank you :)
Hey David, great question. Most brokers do not charge fees as we are paid by the banks. In our case we do not charge any fees as all for our services. Appreciate the question because you've made my morning I'd love to send you a copy of our book which will help with buying a property in Brisbane - shoot me your address and I'll get it in the post Jayden.vecchio@huntergalloway.com.au
Appreciate you watching @Claire Bear! Cause you took the time to leave a comment I'd love to take the time to post a copy of our book Home & Hosed: 7 steps to buying a home to you for FREE - shoot me your address and ill pop it into the post - jayden.vecchio@huntergalloway.com.au cheers, Jayden.
Thanks so much Nicola! 🙌 because you took the time to leave a comment I'd love to take the time to post you a copy of our book on the 3 simple steps to home buying - assuming you're in Australia please shoot me a copy of your address and I'll get it into the post Jayden.vecchio@huntergalloway.com.au 📬
Great question Massimiliano, this might be something you'd get advise on by your solicitor or conveyancer. However, you would get the property insured.
Hey Paul, the rules are a little different in NZ - I know you don't need to pay stamp duty so might need to check with an expert from over there! Cheers
Whatever you do, don’t go with “positive property solution” to help you find a home or investment property to purchase. In my opinion, George markoski doesn’t inform you of the costs or fees or change in mortgage repayments. You run into those costs and are taken by surprise, and he’s no help at all. I wish I never got involved with him. Buy a townhouse and it’ll always be negatively geared.
Most White Aussies have a headstart in the property market, thanks to them getting help from their parents, being beneficiaries of trusts set up by family, and receiving inheritances.
Quick question, the initial deposit that we pay for land & home i-e $10k for land & 5% for the build, is bank going to consider that as a deposit? Let say value of home and land package is $100k and i paid $5k for land & $5k for home, and bank valuation is $80k. I know that i have to pay $20k to cover the gap. but 20% of deposit will be of $100k or $80k?
![First Home Buyer Tips Australia [Buying a house in 2024]](http://i.ytimg.com/vi/qpoNkSD2O10/mqdefault.jpg)
![First Home Buyer Tips Australia [Buying a house in 2024]](/img/tr.png)
📚 My Free Resource Hub & Education Community 👉 go.huntergalloway.com.au/hub
Awesome video, loved the tips. I'm only 20 but I started saving for my deposit when I got my first job at 15. Can't wait to buy my first house! 😀
Great stuff Lachlan! Keep up the savings, its always the hardest part but good to hear you've had a 5 year head start!! If you had any topics you wanted me to cover in future videos let me know. Thanks, Jayden.
If you don’t mind me asking brother how much are you up to? I’m 22 & started saving 2 months ago ( now I have a good job ) and I’m just shy of 4K. Decided to stay away from new cars and holidays and go for gold. Goodluck on your journey my dude 🤙
I really like how you made a list of what tips were talked about and when in the description.
Thanks Lachlan hopefully it was helpful!
This was explained honestly and with care for those of us who aren’t aware. How did you get into this field of work? This is something I am interested in!
Thanks Rara appreciate it! I got into finance after going to university, just started working with a bank initially and learned from there. Cheers, Jayden.
its good to see informative real estate videos coming from a local source. I'm from the Goldy haha a lot more applicable than the US videos I had been watching
Hahaha awesome to hear! Thanks for watching Samuel! Cheers, Jayden
This is amazing! so helpful, i've been tossing up whether to buy or not and this gives me a lots of things to think about
Glad it was helpful!
This video saved my (first home buyer) life! 🙏 Love that your tips were focused on necessities and minimising risks
Glad it helped
we’re in the process of buying our first house now and it’s so overwhelming. Thank you for this extremely helpful advice!
No worries at all Riki thanks so much for watching! You might find some other useful tools on our site - www.huntergalloway.com.au/resources/ cheers
Such a great video. Well laid out and explained so eloquently. Great work!
Thank you kindly!
So glad i found this channel. Thank you for the awesome info!
Thanks so much for watching! Appreciate it. Cheers, Jayden.
I am so glad I found your channel. Thank you!!!
Thank you so much for watching Rebecca!!!! Woo Thanks again, Jayden.
Thanks so much for the tip on backloading, I’m in the process of moving interstate and this is very timely info to have, thank you 😀
Glad it was helpful!
And they wonder why it’s hard to buy a house. These fees are madness. Absolutely ridiculous. This is probably why I’ll rent all my life. I hate it.
Hey @VR, yeah there are a bunch of fees I guess also you need to remember its a pretty large transaction - compare it to fees of say uber eats as a % cost- You order a burger etc for $30 and pay $4.95 delivery fee which is like 16% fee - if the % fees were this high on a home it would be much worse!!
The Strata report ought to be free. They are already written for the Owner's Committee, so all the Strata Manager is doing is emailing you a copy. But the SMs know every rort in the book.
100%
Thank you so much! Very informative, helpful, and straightforward :)
Thanks so much @hesitantpossum! 🙌 because you took the time to leave a comment I'd love to take the time to post you a copy of our book on the 3 simple steps to home buying - assuming you're in Australia please shoot me a copy of your address and I'll get it into the post Jayden.vecchio@huntergalloway.com.au 📬
I loved your tips gave me Soo much insight into buying my first home. Problem is am looking for a house in Victoria Geelong. Your tips are definitely helpful
Glad it was helpful!
This video is great! Thank you so much, I have a clearer understanding now. So honest, so helpful.
Glad it was helpful!
Thank you so much for this valuable information. Absolutely loved this video:)
You are so welcome!
Great insights, property is certainly an exciting space to be investing in.
Thanks Shaun, appreciate the comment.
Great video, some awesome tips! great job. Hoping to enter the Brisbane market in 2020!!
Thanks @Patch! Really appreciate it, if you're looking at the Brisbane market make sure you check out our video th-cam.com/video/VplzHgGFMcw/w-d-xo.html hope you enjoy! Good luck and any questions let me know. Jayden.
#9 Building & Pest is solid, good tip cheers.
Haha yeah, it saved me hundreds of thousands of dollars over the past few years!
Very helpful! Thank you very much for a informative video!
Glad it was helpful!
It seems stamp duty is the same as deposit
Yes, it is part of the deposit. However, it's important to clarify that stamp duty and the deposit are not the same thing. Stamp duty is a state tax paid on the purchase of a property, while the deposit is part of the purchase price that you pay upfront. You need to pay both to get a home, so you might pay 5% deposit + stamp duty in total.
Great video as usual. Do you have any tips or advice on pre settlement inspection for brand new houses (house and land package) ?
Hey @YaraNoor thanks much appreciated! You're in luck, we actually have a pre-settlement checklist you can get from www.huntergalloway.com.au/wp-content/uploads/2019/02/House-Settlement-Checklist.pdf and even a moving checklist www.huntergalloway.com.au/resources/.
You definitely want to do a walk through to check for defects, chipped paint, etc that the builder can fix up for you before you take the place over.
Awesome video. But I am wondering how to calculate the interest amount in Tip1, take a interest rate at 6% as an example, 5820*6%*30=10476, not that much. Did I use the wrong assumption on interest rate😢
Hi Richard. Great question. To calculate the lenders mortgage insurance feel free to check out this calculator: www.huntergalloway.com.au/lmi-calculator/ or to work our repayments feel free to us this calculator: www.huntergalloway.com.au/home-loan-extra-repayment-calculator/
Thanks so much; I was wondering what all the "small" costs would add up to. There might be one more - connections of electricity and internet . . . .
Thanks Amada, great question. The costs range, however, an example of some below:
Conveyancer and Legals costs/searches: $1,500
Building and Pest Inspection: $500
Moving Costs: $200+
Cleaning Costs: $100+
Very succinctly explained. You've added another subscriber here. Thanks heaps!
Thank you!
Thanks so much mate!
You're welcome!
When should you get a building and pest report done? After you've gone for a home inspection at an open home? Or literally, like you said in the video, before you sign the contract (which I would have thought is a bit late into the process)?
Heyya depends on the state you are in but in QLD you get it after you've signed the contract.
Can't believe how much land and water rates are fml. Also I despise body corp. Can afford an apartment in the valley but not the body corp!!! Some body corp fees are so high that after a few years you would've paid the value of your apartment!!! Makes me wonder how rich people are able to part with that money lol
So true its those little costs that suck! Thanks for watching Cheers Jayden
So helpful thank you just going through this right now
No worries Nicole! Any questions let me know!
Great tips and it's finally eased my anxiety and to hopefully purchase my first home soon haha
Happy to help! If you have any other questions let me know ! Cheers, Jayden.
LMI is such a scam. It insures the bank if you default. They can even chase the individual if that happens. It is completely not in the borrower’s interest to have, never mind buy.
great video. very helpful. thanks bud
No problem 👍
Great info mate! 👍
Thanks! 👍
Good vid I learned a fair bit of new info
Thanks so much for watching Sean!! Cheers, Jayden.
Hi when do you do the pest and building report when you are going for an auction?
Hey Anjali, great question. You need to have completed your building and pest (and all due diligence) before auction. Once the hammer goes down, you own the place - here are a few vides we've done that cover this - th-cam.com/video/wa8ez9H5VKY/w-d-xo.html and th-cam.com/video/3udwuKSkK_Y/w-d-xo.html and th-cam.com/video/wa8ez9H5VKY/w-d-xo.html
This was super helpful! Thank you!!
Glad you found it helpful Janna!! Thanks for watching
Thanks for the info awesome
No problem 👍
Very handy tips my friend!!
Thanks Mick! Appreciate it if you have any other questions let me know! As a bonus for the comment I’d love to post you a copy of our book Home & hosed the 3 steps to buying a home (assuming you’re in Australia) shoot me your address and I’ll get it into the mail - Jayden.vecchio@huntergalloway.com.au
This video is amazing. Thank you. ❤️❤️❤️
You are so welcome!
Eeeeee Ile have my deposit this coming year 😏😁 I can't wait it's going to be sick !
Thanks for watching Cale and Pep!
Schools in Australia should hire you to give lectures/workshops to highschool students.
Thank you for your kind words @Panne
Thanks for watching :)
Thanks, very helpful video
No worries at all @PrinceZuko thanks for watching!
my husband and I have 600k in funds .. where is the best place to purchase in Victoria to ensure we get most for our money?
Hey Laura, great question but not easy to answer unfortunately 🤣 Best to do your research (follow the steps th-cam.com/video/KXVu9Lp0ogU/w-d-xo.html) or chat to a buyers agent that can give you suggestions.
Incredible video.
thanks for watching
Great video, thanks for making
Hey Brendan thanks so much for the comment! Hope you learnt something from the video! Because your comment has made my day I’m going to send you a free copy of our book Home & Hosed the 3 steps to buying your home. Shoot me an email with your address (assuming you're in Australia) and I’ll get it into the post - Jayden.vecchio@huntergalloway.com.au thanks mate! Jayden.
Do you also recommend clearing a land tax certificate?
Hey Nellie, its probably worth it the clearance certificate protects you (a purchaser) from any outstanding land tax liability by a previous owner.
Hi guys,
Loving your videos so far!
I was wondering if you could make a video for first home buyers that are buying alone? Single income and earning an average income with less than 20 % deposit (approx 10%) Disadvantages and advantages, what the bank looks for etc?
Or if you already have a video. Could you please let me know which one it is?
Thank you :)
Great suggestion! Will put it on the pad :)
@@MortgageBrokerAustraliaalso mainly if it is actually possible too! thank you :)
How much is broker’s fees? We are looking for a property in Brisbane.
Hey David, great question. Most brokers do not charge fees as we are paid by the banks. In our case we do not charge any fees as all for our services. Appreciate the question because you've made my morning I'd love to send you a copy of our book which will help with buying a property in Brisbane - shoot me your address and I'll get it in the post Jayden.vecchio@huntergalloway.com.au
What if not a first home buyer and what what is out there for older ones 62. Sick of first home buyer stuff help older renters
Thanks Sharon, that's a great question and unfortunately there isn't alot
Great video. Thank you!
Thanks for watching!
Great video, wish I had found this a few years before buying my first home.
Haha that's always the case! It might be able to help on your next home purchase! 🙌
Come a long way from Via Vecchio mate, nice video and super hand. Cheers.
Hey mate!!! Hahah yeah it has been ages hope you've been really well! I can still make a mean espresso! Cheers, Jayden.
@@MortgageBrokerAustralia I would hope so too! Life is good, you'll be pleased to know youtube put your video up first and that blew my mind hahaha!
@@gmcd1987 LOL YT can see your memories! Scary thought lol
Thank you! Thank you! Thank you!
You are so welcome!
OR just dont get a loan and just rent and invest,,
Haha yeah no reason why you couldn't do that!
Great video
Thanks!
Faaaaaaakkkkkk do I really want a house now. Thank you for your help
🤣 your most welcome!
Nice Submariner sir and sound advice 👍
hmmm might be a Sea Dweller
Hahah well spotted it's a sea dweller.
Thank you!
Appreciate you watching @Claire Bear! Cause you took the time to leave a comment I'd love to take the time to post a copy of our book Home & Hosed: 7 steps to buying a home to you for FREE - shoot me your address and ill pop it into the post - jayden.vecchio@huntergalloway.com.au cheers, Jayden.
I’m looking to buy my home
Thanks for watching!
make one for Sydney box hill
Haha will do!
The struggle is real 😂😥!! Haha
Haha thanks Cherise! Keep saving you'll get there! 🏡 🏡 🏡
So true
great video
Thanks for watching Nitro
thanks mate
You're welcome!
helpful! Thanks :)
Thanks so much Nicola! 🙌 because you took the time to leave a comment I'd love to take the time to post you a copy of our book on the 3 simple steps to home buying - assuming you're in Australia please shoot me a copy of your address and I'll get it into the post Jayden.vecchio@huntergalloway.com.au 📬
Thankyou :)
No worries!
What about title insurance?
Great question Massimiliano, this might be something you'd get advise on by your solicitor or conveyancer. However, you would get the property insured.
Is this applies to NZ?
Hey Paul, the rules are a little different in NZ - I know you don't need to pay stamp duty so might need to check with an expert from over there! Cheers
Whatever you do, don’t go with “positive property solution” to help you find a home or investment property to purchase. In my opinion, George markoski doesn’t inform you of the costs or fees or change in mortgage repayments. You run into those costs and are taken by surprise, and he’s no help at all. I wish I never got involved with him.
Buy a townhouse and it’ll always be negatively geared.
Thanks for watching!
Your mumbling is very hard to understand. Slow down, breath, articulate. Thank you for the knowledge
Hi @S James, appreciate the feedback. Noted :)
Thanks for watching!
His name was "Gary".
Hahah it was i swear!
I’m looking to buy my own home
Thanks for watching!
Please be happy with what you have and don't be to greedy and volunteer your time to others and give to the poor and needy . Thanyou Jesus
Thanks for watching No Fear!
"I'm not going to say you're going to buy a million dollar house for your first home..."
Me: *Watching this, living in Sydney in 2021...*
LOL!! So true oh man
Most White Aussies have a headstart in the property market, thanks to them getting help from their parents, being beneficiaries of trusts set up by family, and receiving inheritances.
Thanks for watching thejattlord 😊
I will be in touch with you guys.
Thanks so much Vasanth, look forward to helping you out!
balken archetect 20 years ago 30 year old videos
Thanks for watching!
H
Thanks Sunalee for watching 🙌
Why am I here?
Lol good question! Hope you liked the video tho!
For more info, and a free guide to buying a home in Brisbane have a look here www.huntergalloway.com.au/hidden-costs-buying-home-brisbane/
Let me let you know you have 6 properties losing value well done!
Thanks for watching!
You talk to fast
Lol too much coffee :)
For free home buying resources, calculators and downloads check out the First Home Buyers Hub www.huntergalloway.com.au/hub
Mortgage Broker Brisbane - Hunter Galloway Ezra try hi-
Mortgage Broker Brisbane - Hunter Galloway we’re hujujjujujjiki lmh: b3Zx⛺️🐊☹️🙁🙁🙁🙁🙁😶🤗🤗
Quick question, the initial deposit that we pay for land & home i-e $10k for land & 5% for the build, is bank going to consider that as a deposit? Let say value of home and land package is $100k and i paid $5k for land & $5k for home, and bank valuation is $80k. I know that i have to pay $20k to cover the gap. but 20% of deposit will be of $100k or $80k?