Buying a home in today’s market can feel like climbing a mountain—especially when you’re told you need a 20% deposit. But what if there was a tool that could help you scale that peak faster? Enter Lenders Mortgage Insurance (LMI), a game-changer for first-time buyers and property investors alike.
In a recent episode of the Australian Property Investment Podcast, Aaron Christie-David sat down with Strachan Taylor from Helia (formerly Genworth) to shed light on the often-misunderstood benefits of LMI. What the full episode here.
Lenders Mortgage Insurance acts as a safety net for banks, allowing them to lend to buyers with smaller deposits. While some see LMI as just another expense, it’s actually a strategic tool that helps buyers enter the market sooner, bypassing the lengthy—and often fruitless—task of saving for a 20% deposit.
The rising cost of living and skyrocketing property prices make saving a 20% deposit increasingly difficult. Take this example:
For buyers trying to save, the goalposts keep moving. LMI helps bridge this gap, enabling faster market entry and earlier equity growth.
Despite its benefits, LMI often gets a bad rap. Many buyers believe it’s unnecessary or a last resort, but that’s far from the truth. Even some brokers perpetuate myths about needing a 20% deposit, which can delay buyers unnecessarily.
According to Helia’s Broker Sentiment Report, while most brokers are aware of LMI, many lack a deep understanding of its advantages. With proper knowledge, brokers can better guide their clients towards making informed decisions.
LMI can fast-track your journey to financial independence. By reducing the deposit hurdle, buyers can start building equity sooner. Strachan highlights the opportunity cost of waiting: paying a $13,000 LMI fee could lead to $68,000 in equity growth within a year, thanks to rising property prices. Source: Helia 2024
For seasoned investors, LMI enables portfolio diversification. A smaller deposit requirement means you can leverage equity across multiple properties, spreading investments and maximising returns.
While LMI is a valuable option, there are alternatives worth considering:
Waiting to save for a larger deposit often costs more than acting now. Property prices are generally on an upward trend, and delays mean paying higher prices later—not to mention additional costs like stamp duty.
As Aaron and Strachan emphasise, “timing the market is less important than time in the market.” Whether through LMI or another strategy, entering the market sooner is crucial to building long-term wealth.
Strachan also highlights Helia’s Deposit Comparison Estimator, a valuable tool for evaluating your options, with an enhanced version set to relaunch in 2025.
Lenders Mortgage Insurance is more than a fee—it’s a pathway to homeownership and financial independence. Whether you’re a first-time buyer or an investor, now is the time to rethink your strategy and take action.
Share this blog with someone struggling to save for a deposit and help them unlock the door to their property dreams.
In the dynamic world of personal finance, self-managed super funds (SMSFs) are rapidly gaining traction among Australians seeking to take control of their retirement savings. In a compelling episode of the Australian Property Investment Podcast, host Aaron Christie-David engages with property investment expert Raymond Roman to delve into the intricacies of SMSFs, property ownership, and how Australians can harness these tools to secure a prosperous future. Watch the full episode here.
Recent statistics highlight a remarkable shift in how Australians view retirement planning. Over 614,000 SMSFs are currently active, with nearly 600 new funds being established weekly. These funds collectively manage close to $1 trillion in assets, reflecting the growing confidence Australians have in managing their own superannuation.
What’s fueling this rise? Aaron points to the flexibility SMSFs offer, particularly for property investment. Unlike traditional superannuation funds, SMSFs empower individuals to make tailored investment decisions, aligning their portfolios with long-term goals. For many Australians, this means investing in property—a tangible, resilient, and historically reliable asset
Australians have always been drawn to property, viewing it as a cornerstone of financial security. But property investment through an SMSF isn’t merely about buying real estate; it’s about leveraging opportunities strategically. Raymond Roman shares insights into why leveraging within SMSFs remains underutilized, with only 11% of SMSFs employing loans to maximize returns. This gap signals a lack of education and access to the right financial advice.
For instance, instead of purchasing property outright with cash, SMSFs can use a portion of their balance as a deposit while borrowing the rest. This approach not only enhances purchasing power but also enables investors to diversify and reap the benefits of both capital growth and cash flow.
To address the complexities of SMSF property investment, Supavest has developed innovative solutions that streamline the process. Supavest specializes in turning two-part construction contracts into single contracts—a significant hurdle for SMSFs looking to build properties.
Beyond single-contract builds, Supavest offers fractionalized investing, which allows individuals to purchase shares in high-yield properties, such as National Disability Insurance Scheme (NDIS) homes or co-living properties. This model is transformative, especially for younger Australians or those with smaller SMSF balances, as entry points start at around $50,000.
Raymond explains that fractionalized investing not only provides a way into high-cash-flow properties but also democratizes access to long-term property ownership. For example, SMSF investors can own 5% or 10% of a property, with their names appearing on the title, ensuring both security and steady returns.
If you’re interested in exploring these options, reach out to Supavest’s team directly for expert guidance.
As with any investment strategy, SMSF property ownership comes with its risks. A major concern is builder insolvency, which Raymond addresses with a real-world example. When a builder working on an NDIS property for a Supavest client went bankrupt, Supavest absorbed the risk, ensuring the investor’s project stayed on track. This example underscores the importance of working with experienced providers who can mitigate risks.
Education is another critical factor. Many investors enter the SMSF space without fully understanding the rules, leaving them vulnerable to costly mistakes. Aaron emphasizes the importance of assembling a knowledgeable team, including brokers, accountants, and financial planners, who take a “how can we” approach to problem-solving rather than focusing on limitations.
SMSF property investment isn’t just about financial growth; it’s about creating a legacy. Aaron and Raymond explore how enabling families to invest in property can have a profound intergenerational impact. Parents investing through SMSFs set a powerful example for their children, fostering confidence and financial literacy.
One poignant example shared by Raymond involves a family that transitioned from being fifth-generation renters to owning their first investment property through their SMSF. This single change not only transformed their financial outlook but also inspired their teenage children, illustrating the far-reaching effects of financial empowerment.
For those ready to explore SMSF property investment, the journey begins with education and planning. Raymond advises aspiring investors to:
Aaron reinforces the importance of momentum: “Run the steps in parallel—speak to your broker, consult with your financial planner, and start looking at properties simultaneously. This way, you’re not waiting at each stage but moving forward confidently.”
The insights shared in this podcast episode underscore a paradigm shift in how Australians view retirement and investment. With the right knowledge and tools, SMSF property investment can open doors to financial independence, security, and legacy building.
Atelier Wealth is here to guide you on this transformative journey. As specialists in mortgage broking and property investment strategies, our team understands the unique opportunities and challenges of SMSF property ownership. Whether you’re just starting to explore your options or ready to take the plunge, we’re committed to helping you make confident property decisions.
Contact us today to schedule a consultation and explore how we can help you navigate SMSF property investment. If you’re just beginning, check out our SMSF FAQs for answers to common questions and expert insights.
In the latest episode of the Australian Property Investment Podcast, Aaron Christie-David is joined by Michelle May, one of Sydney’s most experienced buyers agents and the host of Buy Your Side Podcast. With over 25 years in the industry, Michelle provides expert guidance on navigating Sydney’s competitive property market. From overcoming affordability challenges to making smarter property decisions, this episode is packed with actionable insights for buyers and investors. Watch the full episode here.
The role of buyer’s agents has evolved significantly over the years. Michelle reflects on how she once had to convince clients of the value of her services. Today, with demand at an all-time high, her team is often oversubscribed. This shift highlights a growing awareness among buyers of the complexities of Sydney’s market and the importance of professional guidance.
Michelle emphasises that trust is the foundation of her approach. Every client’s journey is unique, and her role is to provide personalised advice that aligns with their goals while navigating the challenges of the market.
Sydney’s property market has experienced significant changes, driven largely by affordability pressures. Michelle discusses how rising prices have pushed buyers from traditional hotspots like the East and Inner West to more affordable areas such as St. George, the Shire, and the South Coast. This ripple effect is reshaping communities and creating opportunities for those willing to look beyond established markets.
Understanding Sydney’s micro-markets is essential. From infrastructure projects to flood mapping, local factors can significantly impact property values. Buyers must take a data-driven approach to ensure they’re making informed decisions.
One of the biggest hurdles buyers face is bridging the gap between expectations and reality. Michelle offers a structured approach to help clients understand their options, using tools like her “Focus Sessions” to present data on pricing, sales trends, and viable alternatives.
The property search can be exhausting, especially when buyers chase unrealistic goals. Michelle advises treating the process with discipline and precision. With preparation, buyers can reduce stress and focus on finding properties that meet their needs.
Michelle argues that owner-occupied properties should be treated as investments. Opting for A-grade properties in prime locations ensures better market performance, financial security, and leverage for future growth. Conversely, compromising on quality or location can lead to underperforming assets, limiting financial mobility in the future.
With skyrocketing property prices, parental assistance has become a significant factor in many first-home purchases. While helpful, this involvement often comes with challenges. Michelle recounts situations where parental biases or overreach have complicated the buying process.
To avoid these pitfalls, Aaron and Michelle stress the importance of clear communication and boundaries. Parents should consider offering support without imposing control, allowing professionals to guide the process effectively.
Michelle and Aaron touch on broader issues affecting Sydney’s property market, including declining build quality in new developments and the ongoing housing shortage. Michelle calls for stricter regulations and greater government intervention to address these challenges, from improving public housing to rethinking tax incentives like negative gearing.
Michelle and Aaron’s conversation highlights the importance of preparation, discipline, and expert guidance in Sydney’s property market. Whether you’re a first-home buyer or an experienced investor, following their advice can help you navigate challenges and secure the right property.
Don’t miss this insightful episode! Share it with friends or family looking for expert guidance in Sydney’s property market.
If you’re seeking tailored financial advice, contact the team at Atelier Wealth, where experienced advisors can help you strategise and grow your investment portfolio in line with your goals.
For more valuable insights and practical tips, follow the Australian Property Investment Podcast to stay updated on the latest episodes, industry trends, and expert advice. Whether you’re a seasoned investor or just starting out, this podcast will help you navigate Australia’s dynamic property market with success.
In part two of our discussion with seasoned property investor Scott O’Neill on the Australian Property Investment Podcast, we delve into the strategies, lessons, and truths that often go unspoken in the world of real estate. Scott’s journey, marked by a transition from residential to commercial properties, unveils a roadmap filled with insightful strategies, hard-learned lessons, and an unwavering commitment to adapting and thriving. Whether you’re a budding investor or a seasoned one considering a move to commercial, Scott’s wisdom is invaluable. Watch the full episode here.
Scott sheds light on a common mistake: focusing solely on high-yield or seemingly ‘hot’ properties without considering how these choices impact future borrowing potential or align with long-term goals. This approach can lead to what Scott calls a “knee-jerk” reaction—purchasing properties without understanding the potential consequences on one’s overall investment portfolio.
One of the most impactful themes Scott emphasises is the importance of having a concrete strategy before diving into property investment. Too often, investors leap into deals driven by market trends or advice without first mapping out how each property fits within their larger financial framework.
Navigating through the multitude of property investment strategies is no simple task. Scott’s advice? Align yourself with mentors or professionals whose expertise matches your aspirations. Whether it’s high-yield townhouses, blue-chip assets, or middle-ring suburban properties, finding the right match for your investment philosophy is crucial.
The real estate landscape is fluid, shaped by economic conditions, policy changes, and market trends. Scott emphasises the need to remain flexible, adapting strategies based on current market dynamics while also being mindful of how the experiences of past investors may not align with today’s environment.
Scott’s career took a pivotal turn when he ventured into commercial properties. This shift was driven by his desire for higher cash flow and the realisation that many assumptions about commercial real estate were myths.
One standout insight from Scott is his myth-busting perspective on commercial property growth. Contrary to popular belief, commercial properties can yield capital growth similar to residential properties. Scott even commissioned a study comparing growth rates over decades and found that commercial properties often matched residential growth, debunking the myth that commercial investments only yield cash flow.
Investing is never without its share of challenges. Scott shares compelling stories of investors who, when faced with life-altering events such as severe health issues, chose to double down on their investments to secure their family’s future. These moments reveal the essence of resilience in property investing and underline the importance of clear, strategic action.
With the higher returns of commercial property come increased risks. Scott highlights that a poorly chosen commercial property can lead to longer vacancy periods compared to residential real estate, where vacancies are typically shorter and more manageable. The selection of tenants, strategic rent-free periods, and location analysis all play pivotal roles in mitigating these risks.
Scott’s deep dive into the realities of commercial property management underscores the importance of being prepared for its complexities. Due diligence becomes a non-negotiable part of the process, as commercial properties require specialised expertise for evaluating fit-outs, understanding long-term maintenance, and dealing with tenant-specific requirements.
Scott brings attention to the significance of tenant selection in commercial properties. Unlike residential properties where a new tenant can often be found quickly, commercial spaces may sit vacant for months if a suitable business isn’t available. The key? Aim for tenants who can commit long-term, such as medical practices or established local businesses that become staples in the community.
One of Scott’s most valuable lessons is the emphasis on partnerships. Whether it’s working with skilled mortgage brokers, property managers, or specialised buyer’s agents, surrounding yourself with a network of experienced professionals is critical. These partnerships provide checks and balances that help investors avoid costly mistakes and make more informed decisions.
Scott’s journey is a testament to the power of mentorship and learning from those who have navigated the same waters. He stresses that while theoretical knowledge is essential, there’s no substitute for real-world experience. Understanding how to adapt when challenges arise can mean the difference between a successful investment and one that falls flat.
As Scott expands his business into new territories, including New Zealand, he exemplifies the principle of diversification—not just for growth but as a buffer against political and economic changes. His vision includes continuing to innovate within his niche and providing clients with unparalleled service and insights gained from handling billions in property transactions.
Scott’s approach to work-life balance is another inspiring element of his story. He talks candidly about how overworking can erode creativity and decision-making, stressing the importance of time management and intentional living. As he adapts to changes in his personal life, including his children entering school, Scott prioritises shorter, more impactful periods of work to maintain a harmonious balance.
Scott O’Neill’s story serves as a guide for anyone looking to build a robust property portfolio, emphasising that the journey is as important as the destination. From carefully crafted strategies to the resilience needed to weather life’s challenges, his insights show that long-term success in property investment is built on a foundation of smart choices, strong partnerships, and the willingness to adapt.
Inspired by Scott’s journey to financial freedom? Connect with Scott and his expert team at Rethink Investing for personalised guidance on building a profitable commercial property portfolio. If you’re seeking tailored financial advice, contact the team at Atelier Wealth, where experienced advisors can help you strategise and grow your investment portfolio in line with your goals.
For more valuable insights and practical tips, follow the Australian Property Investment Podcast to stay updated on the latest episodes, industry trends, and expert advice. Whether you’re a seasoned investor or just starting out, this podcast will help you navigate Australia’s dynamic property market with success.
In the latest episode of the Australian Property Investment Podcast, host Aaron Christie-David sits down with Scott O’Neill, founder of Rethink Investing, to uncover the journey and strategies behind Scott’s remarkable success. Known for transforming his residential investments into an $89 million commercial property portfolio, Scott shares his invaluable insights into navigating Australia’s commercial property sector. From timing the market to creating generational wealth, this episode is packed with lessons for investors of all experience levels.
If you’ve ever dreamed of building a multi-million-dollar portfolio, Scott’s story offers a realistic look at what’s achievable with strategic planning, resilience, and a keen understanding of commercial real estate. Watch the full episode here.
Scott begins by explaining the fundamentals of commercial property investment, including how it differs from residential real estate in terms of cash flow, market demand, and tenant relationships. Unlike residential properties, where returns are often tied to market-driven capital growth, commercial properties offer higher cash flow yields—often triple that of residential investments.
For Scott, the journey from residential to commercial began with recognising the limitations of residential investment returns and seeking out opportunities that would bring in a more robust cash flow. In his words, commercial property investment is about maximising returns while minimising vacancy risks, which is achievable through long-term leases and high-value tenants.
One of the standout sections of the episode focuses on advice tailored to young professionals. Scott advocates for starting with residential investments to build equity and then transitioning to commercial property once a financial buffer is in place. This approach allows younger investors to accumulate wealth gradually while learning essential investment skills.
Scott’s advice includes focusing on high-growth areas and timing the market by understanding economic indicators. He believes young investors should take calculated risks early on, as these decisions often accelerate financial independence and provide the foundation for a successful commercial portfolio later.
Scott also stresses the importance of working with the right financial advisors. Early in his journey, he realised that his advisors limited his opportunities, leading him to seek professionals who aligned with his long-term goals. His advice for investors is to build a reliable team of advisors—including mortgage brokers, accountants, and property managers—who understand the nuances of commercial real estate and can guide clients in high-stakes decision-making.
A central theme in Scott’s story is achieving financial independence through property. He discusses how commercial properties, with their high cash flow, can replace a salary much faster than residential properties. Scott highlights that this approach to income replacement requires a clear focus on yield and tenant stability, which can be achieved through careful property selection and proactive management.
In Scott’s own journey, replacing his income early allowed him to pursue further investments without the constraints of a 9-to-5 job, ultimately creating a self-sustaining portfolio that now requires minimal hands-on management. For anyone aiming to build financial freedom, Scott’s strategy underscores the power of leveraging high-yield investments.
Achieving financial freedom isn’t solely about wealth, Scott emphasises. He discusses how he balances time, wealth, and happiness, particularly as his portfolio and responsibilities have grown. Despite his impressive net worth, Scott values time and flexibility, noting that financial freedom is about creating options—not necessarily accumulating luxury assets. This perspective encourages investors to think beyond financial gains and consider the personal goals they wish to achieve through investment.
By prioritising time with family, travel, and meaningful work, Scott demonstrates that true wealth comes from having the freedom to choose how to spend each day. This insight is a reminder that building a property portfolio should ultimately serve a purpose that aligns with one’s broader life values.
Scott’s vision extends beyond his own success; he is focused on creating a legacy that can benefit future generations. He shares how his portfolio is structured to generate stable, long-term income that can support his family over multiple generations. Scott advises investors interested in intergenerational wealth to consider commercial property, which often offers more stable cash flow and lower turnover than residential investments.
Scott’s advice for building generational wealth includes focusing on high-quality assets with reputable tenants and selecting properties in markets with long-term growth potential. He stresses the importance of strategic planning and patience, as building a legacy requires discipline and a commitment to long-term thinking.
In the closing section, Scott touches on the sacrifices required to achieve financial success in Australia’s competitive property market. From living frugally in his early years to making career moves that aligned with his financial goals, Scott reveals that his journey wasn’t without its challenges. He discusses the discipline needed to delay gratification and focus on long-term outcomes, a mindset that helped him stay the course when market conditions were tough.
Scott’s story serves as a powerful reminder that reaching financial independence often means prioritising future rewards over immediate comforts. For aspiring investors, his journey illustrates the importance of staying committed to a plan, even when faced with setbacks or tempting short-term gains.
Inspired by Scott’s journey to financial freedom? Connect with Scott and his expert team at Rethink Investing for guidance on building a profitable commercial property portfolio. If you’re seeking personalised financial advice, contact the team at Atelier Wealth, where experienced advisors can help you strategise and grow your investment portfolio in line with your goals.
For ongoing insights and practical tips, follow the Australian Property Investment Podcast to stay updated on the latest episodes, industry trends, and expert advice. Whether you’re a seasoned investor or just starting, this podcast will help you navigate Australia’s dynamic property market with confidence.
In Episode 8 of the Home Buyers Australia Podcast, hosts Jack and Damien from Atelier Wealth dive deep into the state of Australia’s interest rates and how they impact the housing market. With interest rates rising since 2022 and questions surrounding when they will begin to decline, the episode offers valuable insights for home buyers, mortgage holders, and investors alike. Watch the full episode here.
Interest rates have been on an upward trajectory, with 4.25% increases since 2022. This has left many Australian homeowners and potential buyers feeling the pinch, especially those with variable-rate mortgages. Damien noted that while inflation is beginning to stabilise in countries like the UK, Canada, and New Zealand, Australia has lagged behind in reducing rates.
According to the episode, economists from Australia’s big four banks predict that the first rate cut might occur as early as December 2024, with a more conservative estimate pointing to February 2025. This slow move towards lower rates is significant, as Australian mortgage holders are particularly sensitive to interest rate fluctuations due to the prevalence of variable-rate loans.
As we approach the end of 2023, many are wondering if interest rates will continue to rise or finally decrease. Both Jack and Damien reassured listeners that while there is always the slight possibility of a small increase (perhaps 0.25%), it’s more likely that we’ll start seeing rate cuts in the near future.
Experts are suggesting a potential 1% cut over the next couple of years, which would significantly relieve mortgage holders and boost borrowing power. With a 1% decrease in rates, a household could see around a 10% increase in borrowing capacity, which will naturally have a ripple effect on the housing market.
For anyone holding a mortgage, the prospect of interest rate cuts is a welcome relief. A reduction of even 0.25% in rates can mean thousands of dollars saved each year, especially for those with large loans. For prospective home buyers, particularly first-time buyers, lower rates mean greater borrowing capacity, but this also brings with it potential challenges.
A 10% increase in borrowing power could further drive up property prices, especially in high-demand areas like Sydney and Wollongong. As more buyers can borrow larger amounts, the competition for housing will heat up. Property prices, which have remained relatively stable despite the interest rate hikes, could begin rising again in response to this increased demand.
One of the key takeaways from the episode was the importance of acting when the time is right for you personally, rather than waiting for external factors, such as interest rate changes, to align perfectly. Damien’s advice was clear: if you’re financially ready to buy, don’t wait for prices to drop.
The reality is that property prices are likely to continue climbing as borrowing power increases, and waiting too long could mean paying more for the same home a year from now. This is especially relevant for first-time buyers in markets like Sydney and Wollongong, where competition is fierce.
Investors have already started to factor in future rate cuts. Some have even pulled their properties off the market in anticipation of improved borrowing conditions. This means that while there may be more properties available now, supply could tighten once investors see rate cuts on the horizon.
Damien also mentioned that the demand for investment properties is already picking up, particularly in regional areas. This is something home buyers should keep in mind as they navigate their own property searches—competition won’t just come from first-time buyers but also from seasoned investors.
If you’re planning to buy a home in 2024, here’s what you should consider:
The housing market is always evolving, and while interest rate cuts are on the horizon, it’s essential to stay focused on your own financial situation. As Damien wisely advised, “Buy when you’re ready,” not when you think the market conditions are perfect.
Whether you’re a first-time buyer, an investor, or someone with an existing mortgage, it’s clear that the next few years will bring exciting changes to the Australian housing market. Keep an eye on interest rates, but remember that your personal financial readiness is what matters most when making big decisions like buying a home.
Ready to take the next step? Contact Corbett Property Buyers for expert guidance in navigating the property market, and reach out to Atelier Wealth for tailored mortgage solutions that suit your financial goals. Your journey to homeownership starts here!
For more tips and insights, tune in to the Home Buyers Australia Podcast on Spotify and Apple Podcasts.
In recent years, the working-from-home (WFH) model has transformed the way businesses operate and where people choose to live. But is this shift coming to an end? In a thought-provoking episode of the Home Buyers Australia Podcast, hosts Damian Walker and Jack Corbett explore the push to return to the office and its potential impact on regional property markets. Watch the full episode here.
The global pandemic of 2020 brought significant changes to every aspect of life, and the workplace was no exception. Damian and Jack reflect on how, during COVID-19, companies were forced to adopt WFH policies as a matter of survival. With lockdowns in place and offices closed, businesses had no choice but to implement remote work on a large scale.
This period also saw a drastic shift in property market dynamics, particularly in Australia. People left city centers in droves, seeking more space, affordability, and a better work-life balance in regional areas like Wollongong and the Illawarra. Property prices soared in these regions as WFH became the norm, and many believed this would become the new way of working permanently.
Despite the widespread adoption of WFH, many corporations are now reversing course. Some, including Amazon and the New South Wales government, have started mandating that employees return to the office full-time. This sudden shift has sparked debates about the future of work and raised concerns for those who moved to regional areas under the assumption that flexible working conditions would continue indefinitely.
One of the key points discussed in the podcast is how the shift back to office life is likely to affect people’s work-life balance. For many, WFH allowed them to live further from their workplace, with the assumption that commuting would only be necessary one or two days a week. Now, with the prospect of a five-day office workweek returning, the benefits of moving out of the city—such as affordability and lifestyle—could be diminished. The question then becomes: will these workers regret their decision to move?
Jack raises the critical question: will the corporate push for office work lead to an exodus from regional property markets? He believes that while this return to office life may inconvenience some, it’s unlikely to trigger a massive sell-off in regions like Wollongong. For many buyers, their decision to move was driven by more than just work flexibility. The lifestyle and affordability offered by regional areas remain attractive, even if commuting becomes more frequent.
The discussion also touches on the importance of affordability, which was a significant motivator for many people moving out of cities. Jack notes that the affordability gap between regional areas like Wollongong and Sydney is still substantial. Even with longer commutes, regional areas offer the opportunity to own a home with more space, something that may not be possible in the city due to higher property prices.
Additionally, housing supply is increasing in regions south of Wollongong, such as the Dapto corridor, where new developments are helping to ease some affordability pressures. Jack remains confident that people will continue to be drawn to regional markets, even if they need to make adjustments to their work situations.
While large corporations might be pushing for a return to traditional office settings, the podcast suggests that small and medium-sized businesses could benefit from offering more flexible work arrangements. Many employees who value work-life balance may choose to leave companies that require them to return to the office full-time, in favor of businesses that offer hybrid or remote options.
Jack and Damian see this as a significant opportunity for smaller businesses to attract top talent by offering flexible working conditions. This is particularly true for working mothers, who often benefit the most from WFH or hybrid arrangements. Returning to a rigid office schedule could disproportionately impact women, pushing many out of the workforce due to childcare responsibilities.
Another topic raised in the podcast is the potential conflict of interest for corporations mandating office work. Many large businesses have significant investments in commercial real estate, and the shift to WFH has seen demand for office space decline. By requiring employees to return, companies may be trying to protect the value of their commercial real estate investments. Damian and Jack speculate that these corporate interests could be influencing the push for a return to full-time office work.
When considering the impact of the return-to-office push on property prices in regional areas, Jack doesn’t foresee a significant downturn. While property prices in regions like Wollongong surged during the pandemic, any major price adjustments have likely already occurred.
Jack suggests that the people who moved to regional areas and later decided it wasn’t for them have probably already returned to the city. Now, the property market has found a balance, with people who genuinely want to live in regional areas staying put. He doesn’t expect the return to office mandates to cause a widespread sell-off.
Beyond affordability, regional areas continue to offer lifestyle benefits that city living can’t match. For many families, the chance to own a home with more space and access to nature is worth the longer commute. Jack and Damian believe that the draw of these lifestyle benefits will keep demand for regional properties strong, even if commuting becomes a regular part of life again.
Moreover, regional areas like Wollongong are seeing infrastructure improvements, such as new hospitals and highway upgrades, which make them even more attractive to homebuyers. While the pace of development could be faster, the ongoing investment in regional infrastructure ensures that these areas will remain desirable in the long term.
As the episode draws to a close, Damian and Jack contemplate whether employees or employers will ultimately win the battle over flexible work arrangements. While large corporations are pushing for a return to the office, many employees, especially those with flexible work options, may push back.
Jack believes that flexible working is the future, and that small and medium-sized businesses offering hybrid models will have a competitive edge in the labor market. The corporate push for in-office work may be a temporary setback for WFH advocates, but in the long run, employees may hold the upper hand.
For now, regional property markets like Wollongong remain stable, and the long-term benefits of living outside the city continue to outweigh the drawbacks for many. Whether this balance will shift in the coming years as work culture continues to evolve remains to be seen, but for now, regional areas are here to stay.
Ready to take the next step? Contact Corbett Property Buyers for expert guidance in navigating the property market, and reach out to Atelier Wealth for tailored mortgage solutions that suit your financial goals. Your journey to homeownership starts here!
For more tips and insights, tune in to the Home Buyers Australia Podcast on Spotify and Apple Podcasts.
The Happy Home Loan Handbook, authored by mortgage expert Aaron Christie-David, has clinched the Gold Award at the 2024 Able Book Awards — a testament to its innovative approach and real-world impact on the homeownership journey. This accolade solidifies the handbook’s role as a game-changing guide in a housing market fraught with challenges but also ripe with opportunities.
The Happy Home Loan Handbook is more than a guide to navigating the mortgage maze; it’s a strategic playbook for a new generation of Australian homebuyers. With housing affordability at a three-decade low, Aaron saw a critical need for a resource that cuts through the noise and offers clarity. Fueled by statistics showing that only 10% of young Australians believe they can afford to buy a home, Aaron was determined to prove that homeownership isn’t a distant dream—it’s an attainable reality.
Each chapter takes readers through the ins and outs of home loans, property negotiations, and financial structure, providing them with a holistic roadmap. Aaron’s approach turns the daunting task of buying a home into a step-by-step journey, supported by a blend of technical expertise and accessible language that makes even complex financial concepts feel straightforward.
The book’s fresh take on home loans as “happy debt” challenges the industry’s traditional mindset. Aaron repositions a home loan as a powerful asset rather than a liability, encouraging readers to view it as a long-term investment in their personal wealth and stability. This philosophy has struck a chord, with top industry leaders like Ben Nash of Pivot Wealth and Steve Palise, a seasoned property investor, praising Aaron for his practical and progressive approach.
While most property guides dissect market trends or focus solely on investment properties, The Happy Home Loan Handbook tackles both the financial and emotional aspects of homeownership. Aaron’s insights are based on over a decade of real-world experience, distilling thousands of client conversations into a guide that resonates with both first home buyers and seasoned homeowners.
Writing The Happy Home Loan Handbook required grit and a clear vision. Aaron temporarily relocated to Chiang Mai, Thailand, isolating himself from daily routines to focus intensely on writing. His goal was ambitious: 2,000 words a day, every day, until the manuscript was complete. Aaron attributes his success to discipline, but also to his own experiences in the housing market—a series of both wins and mistakes that have informed his role as a trusted mortgage broker.
Aaron’s commitment to detail and hands-on experience in the property market shine through in each chapter. His writing process wasn’t just about drafting pages but rather curating ten years of knowledge into a resource that answers the most pressing questions for modern buyers. As Aaron often says, “We’re not in the loan business; we’re in the home business,” a mantra that shapes every client interaction and underpins the philosophy of this book.
The Able Book Awards recognise publications that contribute meaningfully to their fields, and the Gold Award for The Happy Home Loan Handbook underscores its value as a trusted, essential guide in the finance and property landscape. Competing in a category where utility and accessibility are paramount, this award reinforces the book’s status as an invaluable resource for Australians navigating a tough property market.
Following the success of The Happy Home Loan Handbook, Aaron and the team at Atelier Wealth remain laser-focused on expanding their impact. Through ongoing educational initiatives, workshops, and community engagement, Aaron aims to empower even more Australians to understand their financial options, take control of their home-buying journey, and leverage their property investments.
The Happy Home Loan Handbook is more than just a book; it’s an invitation to reshape the way Australians think about homeownership. Winning the Able Book Awards’ Gold underscores its role as a must-have resource. If you’re ready to dive into a savvy, practical, and uplifting guide to buying your own home, The Happy Home Loan Handbook is your blueprint to a financially secure future.
In this insightful episode of the Australian Property Investment Podcast, host Aaron Christie-David is joined by financial planner and author James Millard of Sufficient Funds. James isn’t just another financial planner in a suit; he’s a man with a mission to help Australians transform their finances from a state of “insufficient funds” to one of abundance. As Aaron puts it, financial planning isn’t just for those who have already “made it”—it’s a tool for everyone to achieve financial peace and security, no matter where they are starting from.
If you’re someone who has ever struggled with budgeting, questioned where all your income goes, or felt like your money and your life were out of sync, this episode is for you. Watch it here.
James begins by recounting the long journey that led to the release of his book Insufficient Funds. The journey started back in 2018 with a simple idea: to turn his financial blogs into chapters of a book. However, as life happened—including starting a family and running a business—his dream took a backseat.
The book, which was finally published a week before this episode aired, is much more than a financial guide. It represents years of learning and reflects James’s ethos of financial planning that isn’t just about numbers but about aligning your money with your life goals.
One of the key themes of this episode is the concept of insufficient funds. James challenges the idea that only those with $0 in their bank account are struggling financially. For him, insufficient funds can show up in many ways—it’s often not a lack of money but rather a lack of clarity and structure in how that money is being managed.
Many of James’s clients come from good incomes, but they often feel like they’re living paycheck to paycheck. As Aaron and James discuss, the high cost of living, rising interest rates, and inflation can leave people feeling financially stuck—even when they’re earning well. This is where James’s approach comes in: it’s not about earning more, but about getting control of what you have.
James offers practical advice on how to declutter your finances. He believes that budgeting should be about categorising expenses in a way that distinguishes between essentials and discretionary spending. He encourages clients to sit down and map out their non-negotiables—such as groceries, mortgage payments, and utilities—and compare them with their lifestyle expenses.
Interestingly, James points out that gifts are often one of the most underestimated expenses in a household budget. Couples who think they spend a small amount on gifts can often be surprised to find that they are spending much more once they tally it up. This process of “decluttering” is essential to creating a financial plan that works in alignment with your values.
For many people, their financial accounts can be confusing and chaotic. James explains that simply throwing all your income into one big bucket can make it difficult to manage your spending. Instead, he suggests setting up multiple accounts to clearly separate expenses, such as bills, savings, and discretionary spending.
He emphasises that a well-structured account system drives positive financial behavior. For example, setting up separate accounts for bills, travel, or emergency funds makes it easier to track and control your spending. This structured approach allows people to be more proactive rather than reactive with their money—an essential shift in mindset.
A core part of James’s financial framework is what he calls the “four stacks”—a simple yet powerful way to allocate your surplus funds. The four stacks include:
This system is about more than just managing money—it’s about creating a clear, actionable strategy that aligns with your short-term and long-term goals.
Once you’ve moved past the state of insufficient funds and reached sufficient funds, James believes there’s an even greater goal: financial abundance. Many people sell themselves short when it comes to their financial dreams, limiting themselves to just “getting by” or meeting immediate needs. But James encourages his clients to dream bigger.
Aaron and James talk about how clients often need to be coached out of a mindset of scarcity. It’s not just about paying the bills or surviving until the next paycheck—it’s about thriving. As they put it, sufficient funds is the foundation, but the real magic happens when you push beyond that and start to dream of a bigger, more fulfilling financial future.
Aaron brings up the popular Financial Independence Retire Early (FIRE) movement, asking for James’s take. While James respects the core idea of financial independence, he disagrees with the extreme version of FIRE that advocates saving 70% of your income and retiring as early as possible.
James is more concerned with balance. He argues that working for years in a job you hate just to retire early is not a path to happiness. Instead, he suggests finding a vocation that you enjoy and building a financial plan that allows you to live a fulfilling life now, not just in retirement. For James, it’s about creating a life where financial security and personal enjoyment can coexist.
James’s five-step framework doesn’t stop at building wealth. In the fourth step—Defend—he explains the importance of protecting your financial progress through insurance and other safeguards. From income protection to life insurance, James emphasises the importance of defending against the unexpected, especially for those with families or significant financial obligations.
Aaron and James also discuss how critical it is to have an emergency fund and a “defense plan” in place. Even as you build wealth, life can throw unexpected challenges your way, and having proper protection can make all the difference in staying financially secure.
The final step in James’s framework is all about staying motivated and on track. As Aaron notes, life happens in between those annual financial reviews, and it’s important to keep checking in on your goals. For James, it’s not just about creating a plan—it’s about making sure that plan is working and adjusting it as necessary.
One key tactic James recommends is to redefine your financial goals once you’ve achieved certain milestones. This process, which he calls “redefining sufficient,” ensures that you’re always moving forward and not just coasting once you’ve reached a certain level of success.
James Millard’s practical and thoughtful approach to financial planning offers a roadmap that anyone can follow. Whether you’re in a state of insufficient funds or looking to push beyond sufficiency to true abundance, the principles shared in this episode can help you take control of your financial future.
For more detailed guidance, James’s book Insufficient Funds is a valuable resource, offering tools and strategies to help readers DIY their financial plan or seek professional guidance. As James and Aaron emphasise, the key to financial success isn’t just about earning more—it’s about aligning your money with the life you truly want to live.
If you’re ready to get serious about your financial journey, reach out to Atelier Wealth Mortgage Brokers for expert advice on how to structure your mortgage and loans in alignment with your financial goals. Whether you’re a first-time homebuyer, an investor, or looking to refinance, their team is here to help.
You can also connect with James Millard at Sufficient Funds for tailored financial planning that focuses on building abundance and achieving long-term wealth. Visit Sufficient Funds for more details.
We’re excited to announce that we’re giving away a few copies of James Millard’s book Insufficient Funds! Simply share this episode of the Australian Property Investment Podcast on social media, tag us, and DM us for a chance to win your copy.
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Buying a home is one of the most significant decisions in life. In this episode of the Home Buyers Australia Podcast, hosts Damien Walker and Jack Corbett dive deep into the role of a buyers agent, answering the all-important question: do you really need one? Watch the full episode here.
According to Jack, a buyers agent is essentially the opposite of a real estate agent. While real estate agents work for the seller to get the highest price for a property, buyers agents work on behalf of the buyer to secure the best deal. Their job is to protect your interests by ensuring you’re getting the right property for the best price, and it’s not just about negotiating—there’s much more involved.
As Jack explained, buyers agents bring their 10,000 hours of expertise to the table. They purchase properties day in and day out, while the average person may only buy a home three times in their life. This means they have a clear advantage in spotting the best deals and identifying potential red flags. Whether you’re buying your first home or expanding your property portfolio, having an expert on your side could be a game changer.
The process begins before you even think about the specific property. Jack emphasised that many people start too late, reaching out to a buyers agent when their pre-approval is about to expire or after they’ve already lost out on a few homes. His advice? Speak to a buyers agent early, even if you’re not ready to purchase yet.
During the first meeting, Jack works with clients to determine their budget, lifestyle needs, and long-term goals. Rather than jumping straight into viewing homes, he stresses the importance of location and lifestyle fit. A great house means nothing if it’s in the wrong area for your commute or your family’s needs.
Jack encourages buyers to think about their future when making a purchase. “Where do you see yourself in five years?” is a question he asks to ensure that buyers are making a decision that will work long term. He shared a great example of how stretching your budget for that extra bedroom might seem like a tough call now but could save you from moving again down the track, especially if your family grows.
This forward-thinking approach can also prevent costly mistakes down the road. Moving is expensive—stamp duty, agent fees, and marketing costs all add up. Making the right decision upfront, even if it stretches the budget, often results in a better investment long-term.
If you’re frustrated by searching for months without success, a buyers agent can fast-track your home-buying journey. Jack revealed that many clients search for six months on their own, only to engage a buyers agent and find the right property within four weeks.
Damien shared his personal experience using Jack’s services, noting that even as a mortgage broker with years of experience, Jack’s expertise was invaluable. For Damien, the buyers agent helped take away the pain points of the process, offering guidance on everything from identifying red flags to negotiating the final deal.
One of the most common questions people ask is: how much does a buyers agent cost? Jack broke down the different pricing structures, noting that the cost can vary depending on the services provided.
While this may sound like an additional expense, Jack pointed out that a good buyers agent can often save you more than their fee in negotiations. Additionally, the time they save you in searching for a property can offset any price difference, particularly in fast-growing markets.
Not all buyers agents are created equal, and Jack advises looking for local expertise and experience. A buyers agent should know the area intimately, ideally living within a short drive of the properties they represent. Relationships with real estate agents in the area can also be a major asset, giving buyers agents access to off-market properties or early notice on pre-market listings.
Jack stressed that experience is key—especially when you have one shot at getting the right property. A good buyers agent will not only negotiate the best price but also ensure you don’t overpay for a home or make an emotionally driven decision you’ll regret later.
One of the biggest perks of working with a buyers agent is access to off-market properties. These are homes that aren’t listed on the usual real estate websites. Instead, agents often bring these listings directly to buyers agents, giving their clients first access.
Jack shared that about 50% of the properties his clients buy are off-market. While it’s tempting to focus on these hidden gems, he reminded listeners that a skilled buyers agent can also get great deals on-market through their negotiating prowess.
The role of a buyers agent can vary significantly depending on whether you’re looking for a home to live in or an investment property. Investment buyers agents focus purely on numbers and growth potential. As Jack puts it, “there is zero emotion involved.” They might search across multiple states to find the right property and often charge a flat fee.
On the other hand, an owner-occupier buyers agent helps you find a place to live, which involves a much more emotional and personalised process. It’s about lifestyle, comfort, and long-term happiness.
Ready to take the next step? Contact Corbett Property Buyers for expert guidance in navigating the property market, and reach out to Atelier Wealth for tailored mortgage solutions that suit your financial goals. Your journey to homeownership starts here!
For more tips and insights, tune in to the Home Buyers Australia Podcast on Spotify and Apple Podcasts.
