Your First Home Might Be Closer Than You Think

Owning your home is a core part of the great Australian dream – but it's also something many people feel is out of their reach these days, especially for the younger generation. In this episode, we explore why housing feels so unaffordable for first home buyers and share our best tips for getting into the market (we believe in you!). We cover: This week's personal money truths: balancing the competing priorities of work and family; and wondering when it's okay to contribute to a kid's purchase Where to start as a first home buyer – and why Government schemes can be a great way to get into the market How much you REALLY need for your deposit Why it's essential to know your facts and figures Why we recommend talking to a mortgage broker before you feel "ready" The TMC view on why budgets don't work – and how to make yours stick If you're saving for your first home, dreaming of getting into the market or have a loved one who's planning on buying their first home, we hope this episode is the pep talk you need to understand that it IS possible. As mortgage brokers, we help people take their first steps towards home ownership every day – and with the right information, preparation and planning, you might be closer than you think. ABOUT THE MONEY COLLECTIVE PODCAST Financial Wellbeing with The Money Collective brings together stories and experiences from working with thousands of Australians when it comes to money. This is a no-holds-barred, honest podcast. Darlene Neu and Mel Pearce have been working in banking and finance for over 50 years and break down the barriers we face every day when it comes to our relationships, families and finances. READY TO GO ON THE JOURNEY OF FINANCIAL WELLBEING? Know your cost of living by listing your expenses with our handy spending review spreadsheet: https://www.themoneycollective.com.au/resources Book a time with us to ask questions and talk all things financial wellbeing, home loans, and more. Email [email protected]⁠ Take action and uplift your own level of financial wellbeing with our online course: https://www.themoneycollective.com.au/onlinecourse