Chapter 5: First Home Buyer Mindset
IN THIS LESSON
The Federal Budget just changed the property market overnight, and the government is calling it a win for first home buyers. If you're a first home buyer, you're probably seeing a lot of headlines and wondering what it actually means for you and your plans.
In this episode, Jack Elliott and Chris Bates break down the major budget announcements and what they mean for the property market. We talk through the changes to negative gearing and capital gains tax, how investors are likely to respond, what this means for house prices and competition, and most importantly what it all means for you as a first home buyer.
Whether you're actively looking at properties right now, still in the planning stage, or you've recently purchased, this episode covers what you need to know and how to think about moving forward.
In this episode:
🔑 The major budget changes to negative gearing and capital gains tax
🔑 How investors are likely to respond and what that means for competition
🔑 Which types of properties and markets will feel these changes the most
🔑 The tools and data you can use to check if an area is investor-heavy
🔑 What first home buyers should be doing right now whether actively looking or still planning
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Open Stats Tool - Property Data
Download Your Federal Budget 20206 Resource
Mentioned Episodes:
Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home Buyer
Episode 26 | Unlocking the Federal Government ‘Help to Buy’ Shared Equity Scheme
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