The Bank of Mum & Dad: One of Australia’s Biggest Mortgage Lenders | EP 22

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  • เผยแพร่เมื่อ 13 ม.ค. 2025

ความคิดเห็น • 18

  • @Property_Now
    @Property_Now  9 หลายเดือนก่อน +1

    💕 Join the Property Now community for real expert insights into the property market + tips for prospective buyers!
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  • @mrcraveman3781
    @mrcraveman3781 9 หลายเดือนก่อน +3

    You guys definitely deserve more followers, keep up the good work!!

    • @Property_Now
      @Property_Now  9 หลายเดือนก่อน

      Thank you so much!

  • @reddead2067
    @reddead2067 9 หลายเดือนก่อน +3

    Yay. A new Episode. I love this crew. I’ve watched/listened to each episode twice.

    • @Property_Now
      @Property_Now  9 หลายเดือนก่อน +1

      Our biggest fan!! 😍

  • @hahaha9076
    @hahaha9076 9 หลายเดือนก่อน +2

    My oldest stepson is 27.
    He was struggling to like school at 15. He started as an apprentice painter at 16. They would work the day then go do a shopping centre job at night. Some days were 20 hours. 4 hours sleep then back to work. He saw his opportunity and took it.
    After 6 years he met a guy that wanted him to paint his house. Made a connection there to a mining job opportunity. It involved studying complex mathematics. Started in mining 2 weeks on 2 off. Come home and worked painting as a sub contractor.
    Bought a 2 bedroom duolex. Borrowed again to buy 100k worth of shares. Sold the duplex making 200k and shares making 97k in two years. Bought a rural property with his partner in tassie they own.
    Anything is possible if you really want it.

    • @Chris.Ferris
      @Chris.Ferris 9 หลายเดือนก่อน +1

      We love hearing these stories! It is hard but absolutely possible to get on the property ladder… just need to roll up the sleeves!

    • @hahaha9076
      @hahaha9076 9 หลายเดือนก่อน

      @Chris.Ferris
      I'm self funded and retired at 61. I bought the ugly house nobody wanted in a good location, 3 times.
      78k to 269k in 2 years, 105k to 215k in 4 years, 595k to 1,585, 000k in 6 years. These are just places I lived in. No extra investment for rentals, etc.
      Wages plus overtime, plus mowing lawns.
      There are still houses for sale in growth area markets available for 300 to 450k.
      I urge people to look for opportunities, not what's wrong with life. Once you turn yourself on to numbers, you'll not want to spend on much other than assets.
      We don't need much to be happy.

    • @Property_Now
      @Property_Now  9 หลายเดือนก่อน +1

      Inspiring story, congrats to your stepson!

  • @marcoschena99
    @marcoschena99 9 หลายเดือนก่อน

    Great Chat. Thanks team. Finally was good to hear some options for younger that feel like they can't do it. We need them to remain positive and show them how it can be done on an average income not $160k. It is doable. More examples or perhaps a real life case study would be great to hear. Keep up the good work and don't feel bad about plugging your businesses.

    • @Property_Now
      @Property_Now  9 หลายเดือนก่อน +1

      Thanks for listening, Marco! Appreciate your support and suggestions. 😊

  • @Savannah3191
    @Savannah3191 9 หลายเดือนก่อน +1

    Such an important discussion! Thanks for sharing guys and gal :).

    • @Property_Now
      @Property_Now  9 หลายเดือนก่อน

      Thanks for listening!

  • @detectiveofmoneypolitics
    @detectiveofmoneypolitics 9 หลายเดือนก่อน +1

    Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

  • @10k_property
    @10k_property 9 หลายเดือนก่อน +1

    Great episode. Its good to know other options out there for people who dont have access to bank of mum and dad. Great to hear more on the government scheme!

  • @prancer4743
    @prancer4743 9 หลายเดือนก่อน +1

    Good luck young ones to buy a property if you don’t have one or ready 👀😳🫣😧😢🫣

    • @Property_Now
      @Property_Now  9 หลายเดือนก่อน

      It can be done!! It's tough out there, but it's still possible. 💪💪

    • @Kni0002
      @Kni0002 9 หลายเดือนก่อน

      once you get one, going to take a hella long time to pay off if its 20-30 year loan