Artwork

Player FM - Internet Radio Done Right
Checked 2d ago
Ditambah twenty-five minggu yang lalu
Kandungan disediakan oleh Damien Walker and Jack Corbett, Damien Walker, and Jack Corbett. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Damien Walker and Jack Corbett, Damien Walker, and Jack Corbett atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Player FM - Aplikasi Podcast
Pergi ke luar talian dengan aplikasi Player FM !
icon Daily Deals

Essential Tips for Boosting Your Borrowing Capacity in 2024

27:43
 
Kongsi
 

Manage episode 447142446 series 3595009
Kandungan disediakan oleh Damien Walker and Jack Corbett, Damien Walker, and Jack Corbett. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Damien Walker and Jack Corbett, Damien Walker, and Jack Corbett atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker break down one of the most critical aspects of buying a home: borrowing capacity. If you want to maximise your home loan, this episode will give you the inside track with insights into how borrowing power is calculated.
From discussing liabilities like credit cards and car loans to offering insight into the nuances of self-employment and business income, this episode is packed with actionable tips to help you navigate the loan process with confidence.
In their usual straight talking style, Jack and Damien outline some of the big no-nos when it comes to boosting your borrowing and bust some myths along the way. They run through how banks assess your income and liabilities, and offer practical advice for increasing your borrowing potential, like managing credit card limits, tackling HECS debt, and improving your income.
In this episode you’ll learn:

  • How borrowing capacity is calculated by banks
  • Tips to increase borrowing power, including reducing credit card limits
  • The impact of student debt (HECS) on borrowing capacity
  • Advice for small business owners navigating the lending process
  • Why planning early with a mortgage broker can make a big difference

Timestamps:
00:35 - Understanding Borrowing Capacity
03:02 - Boosting Borrowing Power by Managing Credit Card Limits
06:31 - Running Borrowing Scenarios for Clients
10:58 - Reducing HECS Debt to Enhance Borrowing Capacity
13:48 - Increasing Salary to Maximise Borrowing Power
18:52 - Special Loan Considerations for Small Business Owners
24:32 - How Banks Assess Business Income and Profit

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

  continue reading

23 episod

Artwork
iconKongsi
 
Manage episode 447142446 series 3595009
Kandungan disediakan oleh Damien Walker and Jack Corbett, Damien Walker, and Jack Corbett. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Damien Walker and Jack Corbett, Damien Walker, and Jack Corbett atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker break down one of the most critical aspects of buying a home: borrowing capacity. If you want to maximise your home loan, this episode will give you the inside track with insights into how borrowing power is calculated.
From discussing liabilities like credit cards and car loans to offering insight into the nuances of self-employment and business income, this episode is packed with actionable tips to help you navigate the loan process with confidence.
In their usual straight talking style, Jack and Damien outline some of the big no-nos when it comes to boosting your borrowing and bust some myths along the way. They run through how banks assess your income and liabilities, and offer practical advice for increasing your borrowing potential, like managing credit card limits, tackling HECS debt, and improving your income.
In this episode you’ll learn:

  • How borrowing capacity is calculated by banks
  • Tips to increase borrowing power, including reducing credit card limits
  • The impact of student debt (HECS) on borrowing capacity
  • Advice for small business owners navigating the lending process
  • Why planning early with a mortgage broker can make a big difference

Timestamps:
00:35 - Understanding Borrowing Capacity
03:02 - Boosting Borrowing Power by Managing Credit Card Limits
06:31 - Running Borrowing Scenarios for Clients
10:58 - Reducing HECS Debt to Enhance Borrowing Capacity
13:48 - Increasing Salary to Maximise Borrowing Power
18:52 - Special Loan Considerations for Small Business Owners
24:32 - How Banks Assess Business Income and Profit

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

  continue reading

23 episod

Semua episod

×
 
Indications are that a long-awaited interest rate cut is on the way. But is this good news for borrowers or will it just stoke an already hot market? In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker discuss the probability of a rate cut and what it would mean for buyers, sellers, homeowners and the market as a whole. This episode will help you to get to grips with this interesting topic, as our hosts discuss the impact of the Reserve Bank of Australia (RBA)’s interest rate strategy on borrowing power, property prices, and overall market conditions. Jack and Damien will give you the context you need, tracing the economic journey from record-low interest rates in 2020 to rapid hikes in 2022, and now, the potential for relief in 2025. They explore how past rate movements have shaped the market and what buyers should consider before making their next move. In this episode, you’ll hear: The economic trends that led to this potential rate cut. Why inflation and job markets have influenced the RBA’s decision. How borrowers handled rapid rate hikes—and why the market didn’t crash. What a 1% drop in rates could mean for borrowing power and housing prices. Whether buyers should act now or wait for further cuts. Predictions from Australia's big four banks and what they could signal for 2025. If you're planning to buy property this year, this episode is packed with expert insights to help you make an informed decision—before the market shifts again. TIMESTAMPS: 01:01 How we got here: from record-low rates to historic hikes 04:25 How borrowers handled rate increases 06:42 Will the RBA actually cut rates, and when? 10:45 interest rate drops & buyers’ borrowing power? 11:15 Why the housing market is decoupling from interest rates in Australia 14:43 Should buyers wait or act now? 16:35 Final predictions: will the RBA cut rates in February? ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker answer the million dollar question—how do you spot a genuine property bargain? With more properties hitting the market in early 2025, buyers may have more opportunities to secure a deal, but not every low-priced home is a great buy. Listen in as Jack and Damien break down the difference between a bargain and a lemon, and what to watch out for when hunting for value. If you're in the market for a new property in Australia, this episode is packed with expert insights to help you identify undervalued homes while avoiding costly mistakes. Jack and Damien share their top tips for negotiating with motivated sellers, understanding market trends, and making sure you're getting real value—not just a cheap price tag. In this episode, you’ll hear: Why some properties are selling below market value—and how to know if it’s a real bargain. Key warning signs to spot a "lemon" before you buy. The power of buying in isolation and how to negotiate without competition. How to identify motivated sellers and use their urgency to your advantage. The risks of overcapitalising on renovations—and when upgrading actually adds value. Whether it’s better to chase a bargain or invest in a high-growth, blue-chip area. This episode is essential listening for anyone looking to bag a bargain in 2025—whether you’re an investor or searching for your next home. TIMESTAMPS: 00:00 Introduction 00:52 Increase in housing, more bargains to be had 03:42 Is the bargain property too good to be true? 06:05 Digging deeper with due diligence 08:57 The value of buying in isolation 10:59 How to approach lowball offers 17:03 Buying a bargain vs. investing in blue-chip areas 18:00 Adding value or overcapitalising with renovations ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker address the topic of gazumping—a funny word for a frustrating and all-too-common experience in the property market. Listen in as Jack and Damien explain what steps buyers can take minimise risks and increase their chances of securing their dream home. If you're in the market for a new property in Australia, this episode is packed with expert advice to help you navigate the process smoothly and avoid last-minute complications. From acting quickly to performing thorough due diligence, Jack and Damien share the insider info that every smart buyer should know. In this episode, you’ll hear: - What gazumping is and how it can derail your property purchase. - Why a verbal or written offer isn’t binding until contracts are exchanged - Tips on assembling a “super team” of professionals to support your property purchase. - How to assess building and pest reports and decide when to invest in your own inspection. - The role of pre-approvals in strengthening your offer and avoiding delays - Steps to researching and risk assessing your potential property TIMESTAMPS: 01:01 What is gazumping? 03:34 The agents’ role and common mistakes 07:53 Why buyers need to act quickly 08:27 A low risk strategy to avoid missing out 12:30 Agents will favour your offer if you’re prepared 15:16 Role of Pre-Approvals 19:10 Reviewing contracts early to identify potential issues 20:04 Can you trust building and pest reports? ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
If you are self-employed, working as a contractor or thinking of starting a business, this episode of the Home Buyers Australia Podcast is a must. Jack Corbett and Damien Walker outline the challenges to securing finance for entrepreneurs, business owners and independent contractors. They offer advice for strategic and tax planning and share three approaches that could help you to streamline the process. Our hosts explain why it is important to get your accountant on board, why timing is everything and how you can get your finances in shape to get the lending you need and the property you want. In this episode you’ll learn Why forward planning is crucial for business owners, especially when preparing tax returns to maximise borrowing potential. The benefits of the Director Salary Policy, a simplified approach for verifying income without relying on full company tax returns. How One-Year Financial Policies can help new businesses or those recovering from challenging periods like COVID to secure loans faster. What Low Doc Loans are, and when to use them, including their pros, cons, and how they provide flexibility for unconventional income scenarios. Tips for making smart financial decisions as a business owner, including realistic income declarations and leveraging the right loan products for your situation. TIMESTAMPS: 00:00 Introduction 00:35 Understanding the Differences: Self-Employed vs. PAYG Borrowers 02:15 Forward Planning for Business Owners 08:00 Director Salary Policy: Simplifying Income Verification 12:36 One-Year Financials Policy: A Lifeline for New Businesses 19:05 Low Doc Loans: Pros, Cons, and Best Use Cases ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of the Home Buyers Australia Podcast, Jack and Damien break down the unique dynamics of the property market during January. They discuss the opportunities for buyers as motivated sellers list their properties, while many potential buyers are still in holiday mode. The guys highlight why January can be a great time to buy, once the property ticks your boxes. They share market insights and their expectations of an interesting year ahead. If buying a new home is on your 2025 to do list, this episode will set you up for success. In this episode, you will learn: Why January presents unique buying opportunities. How to identify motivated sellers and negotiate effectively. Managing New Year energy to avoid emotional buying decisions. How to plan for the year ahead and understand market cycles. How to avoid pressure & buy for the long term TIMESTAMPS: 00:00 Intro 00:45 New Year market dynamics for buyers who mean business 02:35 Waiting for a better deal can lead to missed opportunities 05:00 Serious sellers can mean good deals for January buyers 08:00 Market speculation and timelines for the year ahead 13:00 Buy your home for a long term hold 18:45 Avoiding the pressure to overpay ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this seasonal episode of the Home Buyers Australia Podcast , Jack Corbett and Damien Walker discuss the opportunities and challenges of buying property during the Christmas period. They highlight why the festive period can be a strategic time to buy, with reduced competition, motivated sellers, and the potential for negotiating a better deal. This time of year brings a unique set of challenges. Our hosts address the logistical hurdles, including limited listings, conveyancers and banks shutting down, and the importance of planning ahead. Jack and Damien provide actionable tips for navigating the end-of-year property market, such as securing a fully assessed pre-approval, being prepared for extended settlement times, and working with your property team to align expectations during the holidays. They also emphasise how stale listings and motivated vendors can present unique opportunities for buyers willing to look outside their price range. If you're looking to secure a property before the new year or prepare for the January market, this episode is packed with practical insights to help you make informed decisions. In this episode, you will learn: Why the Christmas season can be a buyer’s market. How to identify and negotiate with motivated sellers. The importance of securing a fully assessed pre-approval to avoid delays. Why understanding conveyancer and bank holiday schedules is critical. How to approach stale listings and uncover hidden opportunities. The importance of aligning timelines with all stakeholders to avoid setbacks. How to strategically plan for the new year and position yourself as a serious buyer. TIMESTAMPS: 00:00 Introduction 00:23 Why Would Anyone Buy Before Christmas? 02:29 Motivated Sellers and Flexible Vendors 05:28 The Challenges of Buying During the Holiday Period 08:21 Navigating Pre-Approvals and Bank Delays 09:36 Looking outside your price range 19:50 Buying early in the New Year ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of the Home Buyers Australia Podcast, hosts Jack Corbett and Damien Walker share their top 10 essential tips for navigating the home-buying process. Whether you're a first-time buyer or a seasoned investor, Jack and Damien’s honest advice will save you time and stress on your mission to purchase your next property. From being realistic with your budget, getting on the same page as your partner and taking a break when it gets too much, these are nuggets you don’t want to miss. In this episode, you’ll hear about - The difference between what you’re approved to borrow and what you can afford to repay - The importance of saving strategically and sticking to a budget. - Why getting pre-approval is a non-negotiable first step - The value of thorough market research and how to uncover real property prices. - Identifying your "non-negotiables" and separating needs from wants. - The importance of asset selection and planning for the long-term - Strategies for staying calm, focused, and positive throughout the home-buying journey. TIMESTAMPS: 00:00 - Introduction 00:44 - Setting a Realistic Budget 06:21 - Why Pre-Approval is a Must 10:54 - Researching the Market 13:12 - Defining Needs vs. Wants 21:15 - Strategies for Staying Calm and Focused During the Search ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of the Home Buyers Australia Podcast, Damien Walker and Jack Corbett discuss buyer’s remorse that can sometimes plague property purchasers. They explore the usual causes of buyer’s remorse, share personal experiences and client stories, and share strategies to keep post-purchase regret at bay. With practical advice on planning, budgeting, and managing expectations, Damien and Jack aim to equip listeners with the tools they need to make confident and well-informed decisions when purchasing a home. They also touch on the importance of due diligence, having a clear plan, and seeking professional guidance to navigate the complexities of the property market. In this episode, you will learn: The main causes of buyer's remorse, including financial strain and unrealistic expectations. How to align property purchases with lifestyle needs to avoid future regret. The importance of budgeting and planning for life changes, like family expansion. The role of due diligence, such as building inspections and contract reviews, How buyer's agents can help you stay logical and avoid emotional decisions. TIMESTAMPS: 00:10 - Introduction to Buyer’s Remorse and Common Concerns 02:30 - Managing Expectations and Finding the Right Fit 04:50 - A real-life example where lifestyle trumped property goals 11:03 - Planning Ahead: future proofing your property play 16:45 - Due Diligence and Preventing Renovator’s Remorse 22:25 - The Role of Professional Guidance and Emotional Decision-making ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of the Home Buyers Australia podcast, Jack Corbett guides us through the challenge of auction bidding, providing valuable insights to help first-time buyers and seasoned bidders alike. Auctions can be intimidating, but Jack breaks down the process step-by-step, offering practical tips and strategies to boost confidence and avoid common pitfalls. From understanding the psychology of auctions to preparing well in advance and bidding confidently on the day, this episode is packed with actionable advice to help you get the right result. Key Points Covered in the Episode: The psychology of auctions: how rhythm and pace influence buyers. Importance of having a clear plan and a firm price limit. Pre-auction preparation, including due diligence and contract review. How to bid confidently and avoid signaling your limit. Navigating scenarios where bidding doesn’t reach the reserve price. Why visiting other auctions can build confidence and familiarity. TIMESTAMPS: 00:49 - Understanding the psychology of auctions: why they're designed to test you 02:05 - The importance of pre-auction preparation 06:34 - Setting your price & your stretch limit 11:53 - Projecting confidence: strategies for successful bidding 13:19 - Navigating reserve prices and post-auction negotiations 16:46 - Competition reflects value: interpreting market interest ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of the Homebuyers Australia Podcast, hosts Jack Corbett and Damien Walker dive into the crucial role of family support in the Australian property market, focusing on the ever-growing trend of the "bank of mum and dad." As property prices continue to rise, many first-time buyers are turning to their families for financial assistance. From gifting funds to acting as guarantors, this episode provides valuable insights into how family support can be a game-changer in securing your dream home. You’ll hear all about: The growing trend of family assistance in home buying and its impact on the market The pros and cons of gifting funds and guarantor loans Why legal advice is crucial in protecting both parents and children Strategies to mitigate risks and ensure financial stability in family-assisted purchases TIMESTAMPS: 00:00 - Explaining the Bank of Mum and Dad 03:17 - The Benefits of the Bank of Mum and Dad 05:22 - Deposits, Banks and Lender’s Mortgage Insurance 08:34 - Demonstrating Financial Responsibility and Good Financial Habits 11:00 - Tips for educating parents about the risks and responsibilities of being a guarantor 13:57 - Strategies to Reduce the Risks Associated with Guarantor Loans 17:05 - Avoiding Lender's Mortgage Insurance 19:00 - The Importance of Maintaining Open Communication 21:00 - Balancing Family Involvement and Setting Boundaries 23:00 - Real-Life Examples and Final Thoughts ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of Home Buyers Australia, Damien Walker from Atelier Wealth discusses the various schemes in place to support buyers on their quest for home ownership. He covers the First Home Guarantee scheme, the eligibility criteria, and income caps. He then turns his attention to stamp duty, sharing must-know info on the various State schemes in place and the relevant property price caps. Damien’s top tip is to stop scrolling and take action. Listen to this episode for all the information and motivation you need to make a plan and get that property In this episode you’ll hear about: What is the First Home Guarantee Scheme & how it can benefit you Income and Eligibility Requirements for the Scheme State-by-State Stamp Duty Exemptions for First-Time Buyers Goal setting and getting advice from your mortgage broker TIMESTAMPS: 00:02 Introduction to the First Home Guarantee Scheme 05:05 Income caps for First Home Guarantee scheme 10:20 Breaking Down State-Based Stamp Duty Exemptions 14:00 Why Early Mortgage Broker Consultations Make a Difference ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
H
Home Buyers Australia Podcast
Home Buyers Australia Podcast podcast artwork
 
In this episode of the Home Buyers Australia podcast, host Damien Walker shares his broker know-how, addressing the real questions that first-time buyers need answered. As regular listeners will know, Damien tells it how it is, giving up-to-the-minute intel on topics such as the steps to securing a home loan, borrowing power, and explaining why obtaining pre-approval should be high up on your to-do list. Listen to this episode to get up to speed on offset accounts, lender requirements, and what you need to know about interest rates. If you’re navigating the home-buying journey, this episode is designed to help you with some of the niggling questions and confusing aspects of the process. In this episode: The importance of knowing your borrowing power When and why to get pre-approved Understanding interest rate policies Offset accounts and whether you need one What to expect when working with a mortgage broker Unique property risks and navigating bank approvals TIMESTAMPS: 01:07 Understanding Borrowing Power vs. Buying Power 04:08 Why Pre-Approval Should Be Your First Step 06:14 Interest Rate Depends on Bank Policy 08:10 How Offset Accounts Work 11:28 What is the process of engaging with a Mortgage Broker 17:25 The Next Step After Pre-Approval ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker unpack one of the most crucial aspects of buying a home: the deposit. If you’re confused about the schemes out there, and want to find out just how much deposit you’ll need to get onto the property ladder, this episode is for you. You’ll hear about the advantages and disadvantages of different deposit sizes, the implications of lenders' mortgage insurance (LMI), and strategies for both first-home buyers and families upgrading their homes. They discuss why banks require deposits and explain the various options out there, from the standard 20% to the government-backed schemes that allow you to enter the market with as little as 5%. Jack and Damo will get you to up to speed with the jargon you’ll encounter, and give hope for first time buyers that their starter home may be more achievable than they think. Timestamps: 00:00 Intro 00:38 Why banks require deposits and how they minimise risk 02:06 What you need to know about Lenders Mortgage Insurance (LMI) 08:26 Overview of the Home Guarantee Scheme and its benefits for first-home buyers 04:21 Saving for your deposit as a first-time buyer 16:17 LMI waivers for nurses, doctors, and other professions 17:31 Parental guarantees: how family equity can help you buy with no deposit ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker break down one of the most critical aspects of buying a home: borrowing capacity. If you want to maximise your home loan, this episode will give you the inside track with insights into how borrowing power is calculated. From discussing liabilities like credit cards and car loans to offering insight into the nuances of self-employment and business income, this episode is packed with actionable tips to help you navigate the loan process with confidence. In their usual straight talking style, Jack and Damien outline some of the big no-nos when it comes to boosting your borrowing and bust some myths along the way. They run through how banks assess your income and liabilities, and offer practical advice for increasing your borrowing potential, like managing credit card limits, tackling HECS debt, and improving your income. In this episode you’ll learn: How borrowing capacity is calculated by banks Tips to increase borrowing power, including reducing credit card limits The impact of student debt (HECS) on borrowing capacity Advice for small business owners navigating the lending process Why planning early with a mortgage broker can make a big difference Timestamps: 00:35 - Understanding Borrowing Capacity 03:02 - Boosting Borrowing Power by Managing Credit Card Limits 06:31 - Running Borrowing Scenarios for Clients 10:58 - Reducing HECS Debt to Enhance Borrowing Capacity 13:48 - Increasing Salary to Maximise Borrowing Power 18:52 - Special Loan Considerations for Small Business Owners 24:32 - How Banks Assess Business Income and Profit ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
H
Home Buyers Australia Podcast
Home Buyers Australia Podcast podcast artwork
 
In this episode of the Home Buyers Australia Podcast , Jack Corbett and Damien Walker discuss the hot topic of interest rates and their impact on the property market. With central banks worldwide starting to cut rates, Jack and Damien explore what this could mean for Australian homeowners, particularly those with variable-rate mortgages. They also touch on the importance of borrowing within one’s means and offer some practical advice for buyers navigating the current property market. This episode covers everything from inflation trends to predictions on rate cuts, providing listeners with valuable insights and relatable real-life examples. Jack and Damien If you are keen to understand the potential impact of interest rates on your home buying journey, this one’s for you. In this episode: How global economic trends impact Australia’s interest rates. Predictions for rate cuts in 2024 and beyond. The potential impact of interest rate changes on the Australian property market. Practical advice for buyers: when is the right time to buy? Why borrowing power may increase as rates decrease. Why it's crucial to buy within your means, and how the long game matters in real estate. TIMESTAMPS: 00:00 - Introduction: Interest Rates and Their Future Impact 01:16 - The Cash Rate Explained: What It Means for Borrowers 02:00 - Global Trends: How Other Central Banks Are Responding to Inflation 02:43 - Australia’s Position: Why We're Last to Cut Rates 04:00 - Timeline for Rate Cuts: When to Expect the First Drop 05:53 - Will There Be Another Rate Increase Before Cuts? 06:43 - Borrowing Power and Its Link to Rate Cuts: What Buyers Can Expect 08:00 - Impact of Interest Rate Drops on the Housing Market 09:14 - Investor Activity: Factoring in Future Rate Cuts 11:06 - Advice for First Home Buyers: Why You Shouldn’t Wait to Buy 13:49 - Supply and Demand: How Rate Changes Affect Property Prices 16:00 - A Case Study: Navigating High Interest Rates as a First-Time Buyer 17:33 - Borrowing Strategies for Buyers in a High-Rate Environment 19:11 - Potential Changes to the Assessment Rate System in the Future 20:23 - The Relationship Between Housing Affordability and Interest Rates 21:00 - Conclusion: Key Takeaways on Rate Cuts and Property Prices ABOUT THE PODCAST: Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps. Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio. Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals. CONNECT WITH US: Don’t forget to follow along on: Facebook: https://www.facebook.com/homebuyersaustralia Instagram: https://www.instagram.com/homebuyersaustralia TikTok: https://www.tiktok.com/@homebuyersaus YouTube: www.youtube.com/@HomeBuyersAus…
 
Loading …

Selamat datang ke Player FM

Player FM mengimbas laman-laman web bagi podcast berkualiti tinggi untuk anda nikmati sekarang. Ia merupakan aplikasi podcast terbaik dan berfungsi untuk Android, iPhone, dan web. Daftar untuk melaraskan langganan merentasi peranti.

 

icon Daily Deals
icon Daily Deals
icon Daily Deals

Panduan Rujukan Pantas

Podcast Teratas
Dengar rancangan ini semasa anda meneroka
Main