First Home Unlocked

We've talked a lot on this podcast about getting your finance sorted, but as we always say, the most important decision you'll make is the actual property you purchase. That's why we're kicking off a six-part series with two of Australia's most experienced buyers agents, Veronica Morgan and Meighan Wells from the Home Buyer Academy.Not every first home buyer knows what a buyers agent actually does or whether it's the right fit for them. In this episode, Jack sits down with Veronica to walk through what buyers agents do, how they differ from sales agents, the different ways you can engage one, and what it costs. We also explore the red flags to watch for and the key questions to ask before you commit. If a full buyers agent service isn't within reach right now, Veronica and Meighan have also created a First Home Buyer Course and weekly Campfire sessions that bring you access to expert guidance at a lower price point.In this episode: 🔑 What a buyers agent actually does and how they're different from a sales agent 🔑 The three service tiers available and what each typically costs 🔑 When it makes sense to use a buyers agent 🔑 The red flags to watch out for and the questions to ask before engaging one 🔑 How the Home Buyer Academy course and Campfire sessions support first home buyers Timestamps00:00 - Introducing Veronica Morgan02:21 - Why She's Passionate About First Home Buyers04:29 - Today's Topic and Special Offer04:58 - Buyer's Agent vs Sales Agent06:37 - Service Tiers: What's Available07:19 - How Much Does a Buyer's Agent Cost?08:22 - Why Cheap Buyer's Agents Aren't Worth It09:52 - Red Flags to Watch Out For12:54 - Questions to Ask Before You Commit14:47 - Is the Cost Actually Worth It?17:02 - The Emotional Side of Home Buying19:54 - When Should You Engage a Buyer's Agent?22:43 - Can't Afford a Buyer's Agent? Your Options23:59 - The Home Buyer Academy and Campfire Sessions29:16 - What's Next in the SeriesReady to start your own first home journey? Book a Get to Know You Chat with Jack mortgage broker and National First Home Buyer Specialist. More about Home Buyer Academy HBA First Home Buyer Course (Access for half price if you work with First Home Unlocked - start here)Home Buyer Academy WebsiteYour First Home Buyer Guide PodcastConnect with Veronica Veronica's WebsiteGood Deeds Property Buyers WebsiteVeronica's LinkedinFind Out More About Alcove’s Trusted Buyers Agents Street Secrets PodcastAlcove Trusted Buyers Agent MapWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored mortgage support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

If you listened to Episode 37, you heard about the federal budget changes to negative gearing and capital gains tax. But there's a conversation we kept coming back to that deserves its own episode. It's not just about what you buy today, it's about who's going to buy it from you in the future.Since that episode, Chris has written a full report exploring exactly that question. It's called "Who Buys It From You Next?" and it looks at how the budget has reshaped buyer pools across different property types and what that means for the long-term value of what you buy today. In this episode, Jack interviews Chris about that report because there's some really important thinking here that every first home buyer needs to hear before they make a property decision.We cover how investors made up around 40% of all new home loans before the budget and why they've now stepped back from the established market. We talk about why grandfathering protects the current owner's tax position but not the next buyer and most importantly, we walk through the six practical tests from Chris's report that you can use to stress test any property before you commit.In this episode:🔑 Why "who buys it from you next" is the question most people never ask🔑 How the budget has changed buyer pools for established properties🔑 Why properties driven by investor demand are now at risk🔑 What properties with genuine owner-occupier demand actually look like🔑 The six tests to stress test a property before you buyTimestamps00:00 - Who Will Buy It From You Next?02:48 - The Key Question When You're Buying06:58 - Investor Activity and What It Means Post Budget10:37 - When Investors Are Your Buyer Pool16:22 - When Families and Owner-Occupiers Drive the Market18:45 - The Six Tests for Property AssessmentFree ResourcesChris Report: Who Buys it From You Next Mentioned Episodes: Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home BuyerEpisode 37: Unlocking the 2026 Federal BudgetWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

If you've been reading the news or scrolling through social media this week, you've probably seen some headlines about first home buyers using the 5% deposit scheme and something called negative equity. There is a real risk worth understanding. But for every first home buyer using this scheme, there's a clear strategy that goes with it.In this episode, Jack Elliott and Chris Bates address the headlines and talk through what negative equity actually is, when it really matters, and most importantly, how you protect yourself whether you're still planning to buy or you've already purchased using the scheme.We cover the five key things you can do to protect yourself going in, from knowing your numbers before you borrow to building your emergency fund, choosing quality assets, and getting your income protection sorted.In this episode:🔑 What the headlines are actually saying about negative equity🔑 What negative equity really is and when it matters🔑 How to work out what you can genuinely afford before you borrow🔑 Why building your emergency fund is critical with a 5% deposit🔑 The importance of asset quality and protecting your income🔑 What to do if you've already bought and are feeling anxiousIf you're planning to buy using the 5% deposit scheme and want to talk through your numbers, book a Get to Know You Chat with Jack.Timestamps00:00 - Should We Be Worried About the 5% Deposit Scheme?01:54 - What Headlines and Bank Economists Are Actually Saying03:52 - What Is Negative Equity and the Risk?06:53 - How to Protect Yourself as a First Home Buyer07:05 - #1 Do the Work on Your Numbers Before You Borrow10:18 - #2 Build Your Emergency Fund13:19 - #3 Know Your Goals and Play for the Long Term15:38 - #4 Do the Work on Asset Quality17:31 - #5 Get Insurance and Income Protection in Place20:28 - If You Lose Your Job21:46 - If You've Already Bought Using the Scheme Budgeting toolsSort Your Money Out Spending PlanPivot Wealth Savings Planner Moneysmart Budget PlannerResourcesGoals & Visions WorkbookAsset Quality ChecklistDownload Your How to Protect Yourself When Using the 5% Deposit Scheme ResourceMentioned EpisodesEpisode 1: Unlocking Your Goals and VisionEpisode 6: Unlocking Asset QualityEpisode 23: Unlocking Loan to Value RatioEpisode 25: Unlocking Interest Rates and Why They MoveEpisode 31: Unlocking Offset AccountsEpisode 37: Unlocking the 2026 Federal BudgetWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

If you're self-employed, banks will usually need more from you before they'll lend compared to a PAYG employee. Understanding what banks are looking for means you can present your income in the best possible way and set yourself up for success.In this episode, Jack Elliott and Chris Bates break down how banks assess self-employed income. We talk through the standard two year approach, why one year financials could significantly increase your borrowing capacity, what your options are if your ABN is less than two years old, and how the director wages pathway could change what you're able to borrow.We also cover the tension between tax minimisation and borrowing capacity, why speaking to a broker before you lodge your tax return matters, and how connecting your broker and accountant early can help you find the right balance between both.In this episode:🔑 How banks assess self-employed income using two years of financials🔑 Why one year financials could significantly increase your borrowing capacity🔑 What your options are if your ABN is less than two years old🔑 How the director wages pathway could change what you're able to borrow🔑 Why speaking to a broker before you lodge your tax return is so importantTimestamps Timestamps 00:00 - Budget Changes: What We're Seeing for First Home Buyers01:36 - Introduction to Self Employed Income Assessment04:09 - The Standard Two Year Approach04:41 - Balancing Tax Minimisation and Net Profit07:20 - One Year Financials Policy with Example09:18 - Protecting Yourself as a Self Employed Buyer12:07 - Director Wages Policy14:57 - What If Your ABN Is Less Than Two Years Old?17:36 - Business Debts and Addbacks19:41 - Getting the Best Outcomes as a Self Employed Buyer22:19 - The Tax Return Trap24:25 - Getting the Right Team Around YouFree ResourcesDownload Your How Banks Assess Self Employed Income ResourceWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

The Federal Budget just changed the property market overnight, and the government is calling it a win for first home buyers. If you're a first home buyer, you're probably seeing a lot of headlines and wondering what it actually means for you and your plans.In this episode, Jack Elliott and Chris Bates break down the major budget announcements and what they mean for the property market. We talk through the changes to negative gearing and capital gains tax, how investors are likely to respond, what this means for house prices and competition, and most importantly what it all means for you as a first home buyer.Whether you're actively looking at properties right now, still in the planning stage, or you've recently purchased, this episode covers what you need to know and how to think about moving forward.In this episode: 🔑 The major budget changes to negative gearing and capital gains tax🔑 How investors are likely to respond and what that means for competition🔑 Which types of properties and markets will feel these changes the most🔑 The tools and data you can use to check if an area is investor-heavy🔑 What first home buyers should be doing right now whether actively looking or still planningTimestamps00:00 - What the Federal Budget Means for First Home Buyers04:00 - What Was Actually Announced and Initial Thoughts08:11 - How Investors Will Respond11:31 - What It Means for First Home Buyers14:39 - Tools to Check Investor vs Owner Occupier Markets19:01 - What Happens to House Prices22:03 - Should Active Buyers Wait or Keep Going?24:09 - What Happens to Competition in the Market26:05 - Asset Quality and Property Selection Right Now33:10 - What It Means for the Rental Market38:12 - If You're Planning to Buy in the Future40:36 - The 5% Deposit Scheme and Help to Buy43:09 - If You've Already Purchased43:41 - Interest Rates and What Happens NextFree ResourcesOpen Stats Tool - Property Data Census - Property Data Download Your Federal Budget 20206 ResourceMentioned Episodes: Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home BuyerEpisode 26 | Unlocking the Federal Government ‘Help to Buy’ Shared Equity SchemeWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Casual and contract workers make up more than a quarter of the Australian workforce. If you're a casual or contract worker, there are absolutely ways to borrow. It just comes down to understanding how banks look at your income and making sure you're with the right lender for your situation.In this episode, Jack Elliott and Chris Bates break down how banks assess casual and contract income. We talk through what lenders are actually looking for, why the same weekly pay can mean very different borrowing capacity at different lenders, and how you can protect yourself financially once you take on a mortgage.We also share a real example where choosing the right lender added $35,000 in borrowing capacity just by using a different annualisation method, showing why lender selection matters so much for casual and contract workers.In this episode: 🔑 How banks assess casual income and what they're looking for 🔑 Why the same weekly pay can mean different borrowing capacity at different lenders 🔑 How banks assess contract income and the difference between dependent and independent contractors 🔑 How to protect yourself financially once you take on a mortgage 🔑 What casual and contract workers should be doing right now to put themselves in the strongest positionTimestamps00:00 - Casual and Contract Income Explained03:11 - How Banks Assess Casual Income04:48 - Strengthening Your Position as a Casual Worker06:53 - Annualisation Differences Between Lenders07:49 - Protecting Yourself as a Casual Borrower09:49 - Dependent vs Independent Contractor10:32 - Contract History, Renewals and Gaps13:30 - Key Takeaways Unlock your Free ResourcesDownload Your How Banks Assess Casual & Contract Income ResourceWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Income is one of the biggest drivers of your borrowing capacity, but banks don't just look at how much you earn. They look at how you earn it and depending on your situation, the same salary can produce very different results at different lenders.In this episode, Jack Elliott and Chris Bates go deeper into how banks assess different types of PAYG income. They break down what happens if you've recently changed jobs or you're still on probation, why overtime and allowances are treated differently depending on your industry, how commission and bonus income gets shaded by lenders, and what banks look for when you're working a second job or planning to go on parental leave.They also share a real example where choosing the right lender policy added $65,000 to a first home buyer's borrowing capacity, showing just how important lender choice can be.In this episode:🔑 PAYG income and what happens if you've recently changed jobs or you're on probation🔑 Overtime and allowances and why the lender you choose can make a big difference🔑 Commission and bonus income and why the bank doesn't take the full amount🔑 Second job income and what the banks are really looking for🔑 Parental leave and what you need to have in place to move forwardTimestamps 00:00 - PAYG Income - How Banks Assess it01:50 - PAYG Requirements, Job Changes & Probation06:50 - Overtime and Allowances10:39 - Commission and Bonus Income12:52 - Second Job Income14:34 - Parental Leave: Can You Still Borrow?15:51 - Wrap Up and Final ThoughtsUnlock your Free ResourcesDownload Your How Banks Assess PAYG, Overtime, Bonus & Allowance Income ResourceWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Borrowing capacity isn't just about your income, and it's not the same at every bank. Banks are also looking at your deposit, your debts, your spending, your credit history, and even the property you're buying to decide how much they're willing to lend you and how risky your loan looks to them.In this episode, Jack Elliott and Chris Bates walk through exactly what banks assess when you apply for a home loan. As well as banks looking at your income, we discuss how they look at your deposit and genuine savings, why credit card limits matter more than what you owe, how HECS debt actually impacts your borrowing capacity, and how the property itself can sometimes impact if you can even borrow at a certain lender. We also talk about the difference between what a bank will lend you and what's actually right for your situation, and why choosing the right lender from the start makes a big difference to your options now and into the future.In this episode: 🔑 What banks look at when they assess your borrowing capacity 🔑 How your income, deposit, debts and expenses all factor in 🔑 Why HECS debt is changing and what that means for first home buyers 🔑 The difference between what a bank will lend you and what's right for you 🔑 How choosing the right lender can make a big difference to your optionsTimestamps 00:00 - How Banks Assess You01:38 - Assessing Your Income04:37 - Assessing Your Deposit and Genuine Savings08:11 - Assessing Liabilities: Credit Cards, Loans, HECS, BNPL15:51 - Assessing Your Living Expenses and Bank Statements19:52 - Credit History and Your Assessment22:43 - How Banks Assess the Property25:08 - Borrowing Capacity Summary and the Role of a BrokerUnlock your Free ResourcesDownload Your How Banks Decide What You Can Borrow ResourceWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

There's a lot happening right now. Another interest rate rise, global uncertainty, fuel and supply issues, and a federal budget just around the corner. If you're a first home buyer, you might be wondering what all of this actually means for you and your plans.In this market update episode, Jack Elliott and Chris Bates sit down to talk through what's going on in the market, what first home buyers are actually seeing, and most importantly, what you should focus on right now.We break down the practical impact of the latest interest rate rise on your repayments and borrowing capacity, talk through your options around fixing versus variable rates, and share a three step plan to help you move forward with clarity and confidence, no matter what the market is doing externally.In this episode: 🔑 What's actually happening in the market right now for first home buyers🔑 The practical impact of the latest interest rate rise on repayments and borrowing capacity🔑 Fixed versus variable rates and how to decide what suits your situation🔑 A three step plan to help you focus on what you can controlTimestamps 00:00 - What We're Seeing in the Market Right Now06:57 - The Impact of the Rate Rise09:54 - Should You Fix Your Rate?13:17 - Your Three Step Action PlanUnlock your Free ResourcesDownload Your Goals & Visions WorkbookDownload Your April 2026 Market Update ResourceMentioned Episodes: Episode 25 | Unlocking Interest Rates and Why They MoveWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

If you've saved a significant deposit, received a gift from family, or come into money through inheritance, you're in a strong position as a first home buyer. But having more cash doesn't automatically mean the best decision is to put it all into the property.In this episode, Jack Elliott and Chris Bates talk through the strategic options worth considering when you have a large deposit. We explore how to balance reducing your loan with keeping buffers in place, why your emergency fund matters, and how a bigger deposit might allow you to skip the stepping stone property altogether.We also talk about the professionals worth bringing into your corner, including buyer's agents and financial planners, and how a larger deposit opens up opportunities like buying properties that need renovation or having the option to buy higher quality assets.In this episode: 🔑 Whether to put all your deposit in or keep buffers aside🔑 How to protect yourself after settlement with emergency funds🔑 Why a large deposit might let you skip the stepping stone property🔑 The value of buyer's agents and financial planners for first home buyers🔑 How you could use your deposit strategically to get the best long-term outcomeTimestamps 00:00 - Introduction03:16 - Leaving Buffers & Why It’s Important06:17 - Can You Look Beyond the Stepping Stone Mindset?08:32 - The Importance of Asset Quality11:26 - Build the Right Team Around You: Buyers Agents & Financial Planners19:52 - Don't Let the Bigger Deposit Rush YouUnlock your Free ResourcesDownload Your Buying Strategically with a Gift, Inheritance or Large Deposit ResourceMentioned Episodes: Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home BuyerWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Understanding how offset accounts and redraw facilities work can save you thousands in interest and years off your home loan. But most first home buyers have never been taught the difference between them or how to use them strategically.In this episode, Jack Elliott and Chris Bates break down what an offset account actually is, how redraw works differently in the background, and why the choice between them matters, especially if your first home might become an investment property down the track.We walk through real examples showing how even small amounts sitting in offset or paid as extra repayments can make a huge difference over the life of a 30-year loan. We also talk about money psychology and how to choose the right structure based on your goals and how you manage money.In this episode: 🔑 What an offset account actually is and how it reduces interest🔑 What a redraw facility is and how it works🔑 The key differences between offset and redraw🔑 How to use each strategically based on your goals🔑 Real examples showing the impact of your offset account and extra repaymentsTimestamps 00:00 - Introduction to Offset & Redraw Episode02:42 - What is an Offset Account?04:28 - Impact of an Offset Account09:10 - What is a Redaw?12:59 - Offset vs Redraw: Key Differences and Strategy16:11 - Money Psychology around Offset and Redraw19:29 - The Power of Extra Repayments with Examples23:23 - Episode Wrap up & Key TakeawaysUnlock your Free ResourcesDownload Your Offset & Redraw Resource Mentioned Episodes: Episode 21 | Unlocking How Your Mortgage Actually WorksWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Buying your first home is a big decision, and it often comes with a lot of external pressure. Pressure from family, friends, media headlines, and sometimes even from yourself through comparison and the fear of missing out.In this episode, Jack Elliott and Chris Bates talk through the most common pressures first home buyers face and how to navigate them without feeling rushed or overwhelmed.We explore the "just get in" mindset and why buying without thinking about asset quality can create bigger issues later. We also address the fear of missing out, the pressure around rising property prices, and the idea that "rent money is dead money."Most importantly, we share practical tools to help you step back, get clear on your goals, and make decisions that actually support your vision and future.In this episode:🔑 How to handle other people's opinions and conflicting advice🔑 Why "just getting in" can be risky without focusing on asset quality🔑 Navigating FOMO and the fear of being locked out of the market🔑 The future self test: buying for where you want to be in 5-10 years🔑 Why rent money isn't "dead money" and reframing the conversationTimestamps 00:00 - Introduction: First Home Buyer Pressures02:30 - Handling Other People's Opinions06:11 - The "Just Get In" Mindset and Why It's Risky13:52 - FOMO and The Future Self Test21:16 - The "Rent Money's Dead Money" Story25:22 - Episode Wrap UpUnlock your Free ResourcesDownload Your Goals & Visions WorkbookMentioned Episodes: Episode 25 | Unlocking Interest Rates and Why They MoveWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

In early February 2026, there was an interest rate rise announced by the Reserve Bank of Australia (RBA). Jack Elliott and Chris Bates talk through what this actually means for first home buyers and how to respond without feeling rushed or pressured.We break down the practical impact of a rate rise on both monthly repayments and borrowing capacity, and share real examples so you can understand what this looks like in your situation.Most importantly, we talk about what you can control right now. You can't control interest rates or the market, but you can control getting a clear plan in place that suits your goals, your budget, and your life.In this episode:🔑 What the interest rate rise means for first home buyers🔑 The practical impact on monthly repayments and borrowing capacity🔑 Why building buffers into your plan from the start matters🔑 What to focus on right now and how to control what you can control🔑 What Chris is seeing in the market after the rate riseTimestamps 00:00 - What First Home Buyers Should Do After a Rate Rise07:47 - How a Rate Rise Affects Your Repayments and Borrowing Power10:11 - What Chris is Seeing in the Market After the Rate RiseUnlock your Free ResourcesDownload Your Goals & Visions WorkbookMentioned Episodes: Episode 25 | Unlocking Interest Rates and Why They MoveWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

If buying your first home is part of your plan for 2026, this two-part series is designed to give you a clear, step-by-step framework to follow.In Part 2, Jack Elliott and Chris Bates move into the action phase of the buying journey. This is what happens once you’re pre-approved and ready to start looking at properties.We walk through how to assess asset quality, what to look for at inspections, the due diligence every buyer should be doing, how to structure a strong offer, and what actually happens from formal approval through to settlement. This episode is about slowing things down just enough to make good decisions and move forward with clarity and confidence.In this episode:🔑 How to assess asset quality and choose the right property🔑 What to look for at inspections and the due diligence that matters🔑 How to make a confident offer and protect yourself🔑 What happens from formal approval through to settlementTimestamps 00:00 - Introduction to How to Buy Your First Home (Part 2)03:27 - Step 6: Asset Quality14:35 - Step 7: Property Inspections and Due Diligence28:08 - Step 8: How to Make an Offer38:42 - Step 9: Formal Approval & Settlement32:10 - Wrap Up & We Are Here to Help You in 2026Unlock your Free ResourcesHow to Buy Your First Home Step By Step Resource Download your Asset Quality ChecklistGet Your Unlocking Asset Quality ResourceGet Your Making An Offer ResourceGet Your Settlement Ready GuideMentioned Episodes: Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home BuyerEpisode 7 | Unlocking Offers: How To Make a Confident Offer as a First Home BuyerEpisode 8 | Unlocking Formal Approval & Settlement for First Home BuyersWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

If buying your first home is part of your plan for 2026, this two-part series is designed to give you a clear, step-by-step framework to follow.In Part 1, Jack Elliott and Chris Bates walk through the preparation phase of buying your first home. This is the groundwork you’ll want to do before inspections or making offers, and it sets you up to move forward with confidence.We cover how to get clear on your goals, understand your upfront costs, choose the right deposit pathway, and organise your pre-approval so you’re ready to begin your property search.In this episode:🔑 Getting clear on your goals and vision before you buy🔑 When to speak to a broker and why timing matters🔑 Understanding the real upfront costs beyond the deposit🔑 Deposit options and pathways available to first home buyers🔑 What pre-approval actually means and how to prepare properlyTimestamps 00:00 - Introduction to How to Buy Your First Home (Part 1)03:27 - Step 1: Goals and Visions08:50 - Step 2: Speaking With the Right Broker13:27 - Step 3: Understanding the Real Costs of Buying Your First Home22:33 - Step 4: Understanding How Much Deposit You Need28:02 - Step 5: Get Your Pre-Approval Organised32:10 - Wrap Up and Looking to Forward to Part 2Unlock your Free ResourcesHow to Buy Your First Home Step By Step Resource Download Your Goals & Visions WorkbookDownload Your State by State Stamp Duty Guide for First Home BuyersGet Your Unlocking the Costs to Purchase Your First Home Resource Get Your Unlocking Your Deposit ResourceGet Your First Home Guarantee Scheme Resource Mentioned Episodes: Episode 1 | Unlocking Your Property Vision as a First Home BuyerEpisode 3 | Unlocking the Real Cost of Buying Your First HomeEpisode 4 | Unlocking Your Deposit: How Much Do First Home Buyers Really Need? Episode 10 | Unlocking the First Home Guarantee Scheme: Buy Your First Home With 5% Deposit Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

In this final episode for 2025, Jack Elliott and Chris Bates reflect on the biggest lessons and insights from working with first home buyers over the past year.We talk through what changed in the first home buyer landscape in 2025, including the expansion of the First Home Guarantee (now the 5% Deposit Scheme), and what those changes meant in real life for buyers navigating their first purchase. We also share the common questions buyers asked this year and the decisions that made the biggest difference.Most importantly, this episode is about helping you carry the right lessons into 2026.In this episode:🔑 What changed for first home buyers in 2025🔑 The biggest lessons we saw from buyers this year🔑 The most common questions first home buyers asked in 2025🔑 What we’re seeing ahead as we look toward 2026Unlock your Free Resources Street Secrets PodcastWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

The Federal Government’s new Help to Buy shared equity scheme has officially opened, and for some first home buyers it could help bridge the gap between borrowing capacity and the cost of a quality home. But shared equity also comes with rules, restrictions, and long-term trade-offs that need to be understood upfront.In this episode, Jack Elliott and Chris Bates break down how the Help to Buy scheme actually works, what it’s like living with shared equity day to day, and how buyers can eventually exit the scheme and regain full ownership. We also share our honest thoughts on when shared equity can make sense and when other pathways may be a better fit.In this episode:🔑 What shared equity is and how the Help to Buy scheme works🔑 Who the scheme is designed for and how eligibility works🔑 What it’s really like living in a shared equity arrangement🔑 How and when you can exit the scheme and buy back full ownership🔑 The key trade-offs to consider before choosing shared equityTimestamps 00:00 - Introduction to the Help to Buy Scheme01:59 - What Shared Equity Actually Means04:13 - How the Help to Buy Scheme Works and Who It’s For09:40 - What It’s Like Living with the Help to Buy Scheme14:56 - How to Exit the Scheme and Regain Full Ownership20:54 - Our Thoughts on Shared Equity and Help to BuyUnlock your Free Resources Unlocking Help to Buy Scheme Resource Help to Buy SchemeProperty Price Cap ToolHelp to Buy Scheme Fact SheetHelp to Buy Scheme Customer GuideWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community📅 Book a chat with Jack for tailored support📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Interest rates are one of the first things first home buyers focus on. In this episode, Jack Elliott and Chris Bates break down what an interest rate actually is, who sets it, and why it changes over time in clear, simple terms.You’ll learn the difference between fixed, variable and split loans, how the RBA and banks each play a role in setting your rate, and why today’s rates feel so different compared to the Covid years. Most importantly, we talk about how to plan for future rate changes so your repayments stay comfortable and you feel in control of your mortgage.In this episode:🔑 What an interest rate actually is and how it is charged🔑 How the RBA cash rate, banks and risk all influence your rate🔑 How to stress test your numbers and plan for future rate rises🔑 Why your long term strategy matters more than chasing the lowest rateTimestamps 00:00 - Introduction to Interest Rates02:12 - What an Interest Rate Actually Is03:43 - Fixed, Variable and Split Loans Explained06:38 - Who Sets Your Rate and Why It Changes12:51 - Interest Rate Trends in The Past 16:09 - How to Plan for Future Rate Movements19:23 - Why Strategy Matters More Than the Rate22:39 - Episode Wrap-Up and Key TakeawaysUnlock your Free Resources Unlocking Interest Rates Resource Episode 21 | Unlocking Unlocking How Your Mortgage Actually WorksASX RBA Interest Rate TrackerWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Lender’s Mortgage Insurance is sometimes a misunderstood part of buying your first home. Most people know it shows up when your deposit is under 20%, but not everyone understands what it actually is, why banks charge it, or when paying it can genuinely help you get into the market sooner.In this episode, Jack Elliott and Chris Bates break down LMI in simple, practical terms. How it works, how much it costs, and how it fits into today’s first home buyer landscape. You’ll learn the four main pathways that can help you reduce or avoid LMI, plus when paying LMI can actually be a smart move if it helps you buy a quality home earlier.We also talk through real examples, including profession-based waivers, new no-LMI policies, and family guarantor options.In this episode:🔑 What LMI actually is and why banks charge it🔑 How LMI affects your borrowing power and interest rate🔑 The main ways first home buyers can avoid or reduce LMI🔑 When paying LMI is actually worth it🔑 How LMI fits into your long-term strategy as a first home buyerTimestamps 00:00 - Introduction to Lenders Mortgage Insurance (LMI) 01:59 - What is LMI? 04:57 - Options for FHB’s to Avoid Paying LMI15:51 - When Paying LMI is Worth it19:39 - How LMI is Priced 22:05 - Key Takeaways of LMI Unlock your Free Resources Unlocking LMI Resource Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Your Loan to Value Ratio (LVR) is one of those terms you’ll hear a lot when applying for a loan, but not every first home buyer understands how it actually impacts your interest rate, your approval, or how much flexibility it can open up for your future.In this episode, Jack Elliott and Chris Bates break down LVR in clear, simple terms, what it is, how it’s calculated, and why it matters so much for your first home strategy.You’ll also learn how LVR works under the First Home Guarantee, what to think about when borrowing at 95% LVR, and how your LVR improves naturally over time as you build equity.In this episode:🔑 What LVR actually is and how it’s calculated🔑 Why banks care about LVR and how it affects rates🔑 How LVR influences lending policy and flexibility🔑 How LVR works under the First Home Guarantee (5% Deposit Scheme)🔑 How LVR and equity work together as your loan and property value changeTimestamps 00:00 - Introduction to Loan to Value Ratio (LVR02:04 - What is Loan to Value Ratio (LVR) & Why it Matters? 05:52 - LVR and Lending Policy08:27 - LVR Under the First Home Guarantee (5% Deposit Scheme)11:48 - Understanding the Risk of 95 % LVR12:49 - The Relationship Between LVR and Equity14:59 - Using LVR to Build Leverage and Flexibility18:22 - LVR Episode RecapUnlock your Free Resources Unlocking LVR Resource Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home BuyerWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

You’ve probably seen the claim online that paying your mortgage fortnightly will save you thousands in interest. In this episode, Jack Elliott and Chris Bates break down why that isn’t always true, and why it all comes down to how your bank actually calculates your repayments.You’ll learn the two different repayment methods lenders use, when the “save thousands” theory works, and when switching to fortnightly makes no difference at all. We also cover how to choose the right repayment method for you. In this episode:🔑 The two ways banks calculate weekly and fortnightly repayments🔑 When the “save thousands” theory actually works and when it doesn’t🔑 How to choose the right repayment frequency for your situationTimestamps 00:00 - Introduction and What’s Happening in the First Home Buyer Market (November 2025)03:00 - The Viral Fortnightly Repayment Claim Explained 03:41 - The Half-Monthly Repayment Method & Example Breakdown05:35 - Paying Your Loan on Your Terms (Not the Bank’s)08:15 - The Actual Repayment Method & Example Breakdown09:34 - Why Lenders Use Different Repayment Methods 12:39 - Jack’s Take: Why Monthly Repayments Often Work Best 13:13 - Chris’s Take: Cashflow, Behaviour, and Real-Life Strategy 14:58 - Considerations for Investment Purchases & Wrap-UpUnlock your Free Resources Unlocking Repayment Frequency Resource MoneySmart Mortgage Calculator Episode 21 | Unlocking Unlocking How Your Mortgage Actually WorksWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Most first home buyers think a mortgage is just a loan but understanding how it actually works can help you use it as a tool for long-term flexibility and freedom.In this episode, Jack Elliott breaks down how your mortgage works behind the scenes, from principal and interest to loan terms, repayment options, and how banks calculate interest daily. You’ll learn what really happens after settlement, how repayments are structured, and what influences the total cost of your loan over time.If you’ve ever wondered where your money actually goes each month or how lenders calculate your repayments, this episode explains it all in clear, simple terms.In this episode:🔑 What a mortgage actually is🔑 Principal, interest, and how repayments are calculated🔑 How interest is charged daily and what that means for you🔑 Loan terms explained and how they shape total repayments🎧 Listen now and understand exactly how your mortgage works with clarity and confidence.Timestamps 00:00 - Introduction to how your Mortgage Actually Works 01:28 - What is a Mortgage? 02:06 - Key Parts of a Mortgage02:59 - Understanding Interest & How it is Calculated 03:24 - How Much Do You Really Pay Back? 04:55 - Understanding Interest Rates 05:34 - Variable Interest Rates 06:58 - Fixed Interest Rate08:07 - Rates Will Change Over Time & Assessment Buffers 08:59 - How Repayments Work 10:23 - Loan Terms & Flexibility 11:54 - Loan Fees & Features 12:16 - Wrap Up on Understanding Mortgages & Key TakeawayUnlock your Free Resources Unlocking How Your Mortgage Actually Works Resource Episode 1 | Unlocking Your Property Vision as a First Home Buyer Episode 3 | Unlocking the Real Cost of Buying Your First Home Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home BuyerWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

The First Home Guarantee Scheme has a new name, it’s now called the 5% Deposit Scheme, but how it actually works, and what the latest report reveals, might surprise you.In this episode, Jack Elliott unpacks the 2024–25 Financial Year Housing Australia Report and clears up the biggest myths surrounding the scheme: that it’s brand new, that it’s tied to one political party, and that it’s high-risk for buyers. You’ll learn what the data really shows about borrower performance, how the scheme is being used across Australia, and what it actually costs to buy under it.Whether you’ve heard mixed messages online or you’re wondering if this could help you buy sooner, this conversation will help you understand the facts and how to use the scheme strategically.In this episode:🔑 Why the 5% Deposit Scheme isn’t new (and how it’s evolved since 2020)🔑 The real numbers from the 2024–25 Housing Australia Report🔑 How arrears and defaults compare to the broader market🔑 What “borrowing at 95% LVR” really means for risk and buffers🔑 Why you’ll need more than a 5% deposit once all upfront costs are included.Timestamps 00:00 - Introduction to the 5% Deposit Scheme Report 01:55 - What is the 5% Deposit Scheme? 02:22 - Misconception 1: The Scheme is New 03:56 - Misconception 2: It is a Labour Only Scheme 04:41 - Misconception 3: There’s a high risk of defaults or arrears05:33 - Understanding the Risk of using the 5% Deposit Scheme 06:45 - Misconception 4: You only need a 5% deposit to buy09:03 - What the 2024–25 Financial Year Report Shows01:20 - The Key Takeaway when using the 5% Deposit Scheme 10:51 - Wrap-Up & What’s Coming NextUnlock your Free Resources The Truth About the 5% Deposit Scheme ResourceHGS Trends and Insights Report 2024-25Original 5% Deposit Scheme Accountment (2020)National Arrears Data Episode 1 | Unlocking Your Property Vision as a First Home Buyer Episode 3 | Unlocking the Real Cost of Buying Your First Home Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home BuyerEpisode 10 | Unlocking the First Home Guarantee Scheme: Buying Your First Home With 5% DepositWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Western Australia offers some strong incentives to help first home buyers reduce upfront costs and enter the market with confidence, but knowing how to use them strategically is what makes the difference.In this episode, Jack Elliott breaks down what’s available as of October 2025, including WA’s stamp duty concessions for first home buyers, the $10,000 First Home Owner Grant for new builds, updates to the First Home Guarantee Scheme, and Keystart’s shared equity and low-deposit options.You’ll learn who’s eligible, how each incentive works, and how to think strategically about which programs genuinely support your long-term goals, not just short-term savings.In this episode:🔑 Stamp duty concessions for first home buyers in WA🔑 $10,000 First Home Owner Grant explained🔑 First Home Guarantee: Buy with 5% and pay no LMI🔑 Keystart Shared Equity and Low-Deposit Loan overview🔑 Strategy insights to build long-term flexibility and equityTimestamps 00:00 – Intro: WA incentives overview01:42 – Stamp duty concessions03:00 – Example breakdowns & eligibility04:05 – Strategy: don’t chase savings05:06 – $10K First Home Owner Grant06:46 – First Home Guarantee updates08:28 – Shared Home Ownership (Keystart)11:13 – Strategy: pros & cons of shared equity12:22 – Wrap up & next stepsUnlock your Free Resources WA First Home Buyer ResourceFirst Home Owner Rate of DutyStamp Duty CalculatorFirst Home Owners GrantFirst Home Guarantee Scheme Opening Doors Shared EquityWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

South Australia offers a range of incentives to help first home buyers reduce upfront costs and enter the market sooner, but knowing which ones actually support your long-term goals is key.In this episode, Jack Elliott breaks down what’s available as of October 2025, including the state’s full stamp duty relief for new homes, the $15,000 First Home Owner Grant, updates to the First Home Guarantee Scheme, and South Australia’s own shared equity option through HomeStart Finance.You’ll learn who’s eligible, how each incentive works, and where to think strategically about how these programs fit within your bigger plan, not just your short-term savings.In this episode:🔑 Full stamp duty relief on eligible new homes and land🔑 $15,000 First Home Owner Grant explained🔑 First Home Guarantee: Buy with 5% and pay no LMI🔑 HomeStart Shared Equity Option overview🔑 Strategy insights for choosing long-term value over short-term savingsTimestamps 00:00 – Intro: SA incentives overview01:05 – Stamp duty relief explained03:13 – Strategy: long-term focus04:30 – $15K First Home Owner Grant06:14 – First Home Guarantee update07:43 – HomeStart Shared Equity Option11:39 – Strategy: pros & cons12:33 – Wrap up & next stepsUnlock your Free Resources SA First Home Buyer ResourceStamp Duty Relief Stamp Duty Calculator First Home Owners GrantFirst Home Guarantee Scheme HomeStart - Shared Equity OptionWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

The Northern Territory offers some of the most generous first home buyer incentives in Australia from full stamp duty exemptions for new builds, to grants worth up to $50,000. But understanding which ones truly support your long-term goals is key.In this episode, Jack Elliott breaks down what’s available as of October 2025, including the House and Land Package Exemption, HomeGrown Territory Grants, the First Home Guarantee Scheme, and the HomeBuild Access shared equity program.You’ll learn who’s eligible, how each incentive works, and how to think strategically about using these programs, so you can make decisions that build long-term flexibility and wealth, not just short-term savings.In this episode:🔑 Full stamp duty exemption for eligible house-and-land packages🔑 $50,000 HomeGrown Territory Grant for new homes🔑 First Home Guarantee Scheme — buy with 5% and pay no LMI🔑 HomeBuild Access program — low-deposit and subsidised loan options🔑 Strategy insights to help you focus on quality and long-term valueTimestamps00:00 – Intro: NT incentives overview00:50 – Stamp duty exemption explained02:20 – Eligibility & key details03:55 – Strategy: long-term thinking05:05 – $50K HomeGrown Grant (new homes)08:05 – Strategy: new vs established09:20 – First Home Guarantee overview10:45 – NT price caps & updates12:10 – HomeBuild Access overview13:35 – Low-deposit & subsidised loan options17:30 – Strategy: shared equity pros & cons18:25 – Wrap up & next stepsUnlock your Free ResourcesNT First Home Buyer ResourceHouse & Land Package Exemption (HLPE)Home Grown Territory Grant - New HomesFirst Home Guarantee Scheme HomeBuild Access Shared Equity Scheme Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Victoria offers a range of incentives to help first home buyers get into the market sooner, from full stamp duty exemptions to a $10,000 grant for new homes and major updates to the First Home Guarantee Scheme.In this episode, Jack Elliott breaks down what’s available as of October 2025, who’s eligible, and how to think strategically about each option. You’ll learn how the concessions and schemes work, what to watch out for with off-the-plan purchases, and why long-term asset quality matters more than short-term savings.In this episode:🔑 Stamp duty exemptions and concessions explained🔑 The $10,000 First Home Owner Grant in Victoria🔑 Updates to the First Home Guarantee and October 2025 changes🔑 Risks and benefits of off-the-plan purchases🔑 Why strategy and asset quality should guide your decisionsTimestamps 00:00 – Intro: VIC incentives overview00:55 – Stamp duty explained01:47 – Full exemption & concessional rates03:12 – Eligibility criteria & income caps04:20 – Example breakdowns (up to $800K)05:18 – Strategy: asset quality over savings06:42 – $10K First Home Owner Grant explained07:38 – What types of properties qualify09:10 – Strategy: new vs established homes09:56 – First Home Guarantee overview10:40 – VIC price cap & income cap updates (Oct 2025)12:05 – Combining incentives & trade-offs14:02 – Long-term strategy & recapUnlock your Free Resources VIC First Home Buyer ResourceFirst Home Buyer Duty Exemption or ConcessionOff the Plan Stamp Duty ConcessionStamp Duty CalculatorFirst Home Owners GrantFirst Home Guarantee SchemeVictorian Homebuyer Fund - Shared Equity Scheme Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Tasmania offers a mix of incentives that can help first home buyers cut upfront costs and get into the market sooner. From full stamp duty exemptions on established homes, to a $10,000 First Home Owner Grant for new builds, the First Home Guarantee with higher price caps, and the MyHome shared equity scheme, there’s a lot to weigh up.In this episode, Jack Elliott walks you through what’s available in Tasmania as of October 2025, who’s eligible, and the key benefits and trade-offs to consider. You’ll also learn why long-term strategy and asset quality should guide your decisions, not just chasing the biggest discount. In this episode:🔑 How Tasmania’s stamp duty exemptions work for established homes under $750K🔑 The $10,000 First Home Owner Grant explained (and what types of homes qualify)🔑 Updates to the First Home Guarantee in TAS, with higher price caps from October 2025🔑 How the MyHome shared equity scheme works, and its key trade-offs🔑 Why focusing on strategy and asset quality will set you up better than short-term savingsTimestamps 00:00 – Intro: TAS incentives overview01:50 – Stamp duty exemption under $750K03:04 – Strategy: stretch beyond the cap?04:22 – Example breakdowns ($750K vs $800K)04:47 – Extra: off-the-plan concession04:59 – $10K First Home Owner Grant explained06:42 – Strategy: new ≠ always better06:26 – First Home Guarantee (new price caps)08:00 – MyHome Shared Equity Scheme11:22 – Living with shared equity (rules & limits)12:44 – Strategy: pros & cons of shared equity13:37 – Wrap up & next stepsUnlock your Free Resources TAS First Home Buyer ResourceFirst Home Buyers of Established Homes Duty ReliefFirst Home Owners GrantMyHome Shared Equity SchemeMyHome Shared Equity Scheme Income LimitsFirst Home Guarantee SchemeWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

The ACT takes a different approach to first home buyer support. There’s no First Home Owner Grant and no first home buyer specific stamp duty exemption instead, buyers get access to the Home Buyer Concession Scheme, which provides full or partial stamp duty relief to anyone purchasing a home to live in.In this episode, Jack Elliott breaks down what’s available in the ACT as of September 2025, who’s eligible, and the key benefits and trade-offs to keep in mind. You’ll also learn how the First Home Guarantee Scheme applies in the ACT, with major changes to price caps and income limits from October 2025.By the end, you’ll understand how these incentives work, and why your long-term property strategy should still guide your decisions, not just the upfront savings. In this episode:🔑 How the ACT Home Buyer Concession Scheme works (exemptions, concessional rates, and income limits)🔑 Real examples of stamp duty savings in the ACT🔑 Updates to the First Home Guarantee in ACT, price caps and income caps🔑 Why asset quality and long-term strategy matter more than short-term savingsTimestamps 00:00 – Intro: Why the ACT does things differently01:32 – What is stamp duty & the Home Buyer Concession Scheme02:53 – Examples: $1.02M, $1.4M & $1.6M purchases03:31 – Eligibility & income thresholds05:45 – Strategy insight: Should you stretch beyond the cap?07:08 – The First Home Guarantee in the ACT08:37 – Key changes from October 202508:47 – Wrap up & next stepsUnlock your Free Resources ACT First Home Buyer ResourceHome Buyer Concession SchemeACT Stamp Duty CalculatorFirst Home Guarantee SchemeWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

New South Wales has a range of incentives designed to help first home buyers reduce upfront costs and enter the market sooner. From stamp duty concessions to the $10,000 First Home Owner Grant, and the First Home Guarantee Scheme with rising price caps, there’s a lot to understand.In this episode, Jack Elliott walks you through what’s available in NSW as of September 2025, who’s eligible, and the key benefits and trade-offs to keep in mind. You’ll learn how each incentive works, and why your property strategy and asset quality matter more than simply chasing the biggest discount.In this episode:🔑 How NSW stamp duty concessions and exemptions work (and where they phase out)🔑 The $10,000 First Home Owner Grant explained🔑 Updates to the First Home Guarantee in NSW, price caps and income caps🔑 Why strategy and asset quality matter more than short-term savingsTimestamps00:00 – What’s available for first home buyers in NSW01:34 – Stamp duty concessions explained (with examples)05:14 – The $10,000 First Home Owner Grant07:33 – The First Home Guarantee Scheme and October 2025 changes09:11 – Recap of NSW incentives and key takeaways09:42 – Strategy, resources, and next stepsUnlock your Free Resources NSW First Home Buyer ResourceFirst Home Buyers Assistance SchemeNSW Home Buyer Assistance FinderNSW Stamp Duty Transfer Calculator First Home Owner (New Homes) GrantFirst Home Guarantee Scheme Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Queensland has a range of incentives to help first home buyers enter the market sooner and reduce upfront costs. From stamp duty concessions to a $30,000 grant for new homes, and a new shared equity scheme launching soon, there’s a lot to navigate.In this episode, Jack Elliott walks you through what’s available as of September 2025, who’s eligible, and the key benefits and trade-offs to consider. You’ll learn how each incentive works, and why your long-term goals, strategy and asset quality should guide your decision, not just chasing the biggest discount.In this episode:🔑 Stamp duty concessions and how they work in QLD🔑 The $30,000 First Home Owner Grant explained🔑 Updates to the First Home Guarantee and upcoming price cap changes🔑 The new “Boost to Buy” shared equity scheme and what it means for buyers🔑 Why your long-term strategy matters more than the short-term savingsTimestamps00:00 – Intro: what’s covered for QLD first home buyers01:05 – What’s available right now in QLD (Sept 2025)01:27 – Stamp duty concessions overview and shared eligibility02:45 – First Home Concession for existing homes: thresholds and savings03:49 – Examples: $700k, $720k, $750k stamp duty comparisons04:40 – Home Concession over $800k: how it works + examples05:46 – New home concession: full exemption for brand new or substantially renovated07:04 – Vacant land concession: rules and timelines08:12 – $30,000 First Home Owner Grant: who qualifies and what counts as new08:48 – FHOG eligibility criteria and key notes09:27 – Grant + strategy: avoid chasing new builds for the wrong reasons10:18 – First Home Guarantee overview: 5% deposit, no LMI11:07 – QLD price caps and income caps now and from Oct 202512:14 – “Boost to Buy” shared equity scheme: what it is12:48 – Key features: government share, deposit, price cap, income caps14:48 – Recap of all QLD supports15:33 – How to get personalised help and linksUnlock your Free Resources QLD First Home Buyer ResourceTransfer Duty Calculator QLD First Home Concession First Home (New Home) ConcessionFirst Home Vacant Land Concession Home ConcessionFirst Home Owner Grant First Home Guarantee Scheme Boost To Buy - Shared Equity Scheme Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Shared equity schemes are becoming more common across Australia, offering first home buyers the chance to purchase with a smaller deposit and lower repayments. But what do they actually mean for your long-term wealth and ownership?In this episode, Jack Elliott and Chris Bates explain how shared equity works, where the government or another partner contributes a percentage of the purchase, and what that really means for buyers over time. They break down the benefits, risks, and key trade-offs compared to alternatives like the First Home Guarantee.You’ll learn about the obligations while you’re in a scheme, the exit pathways to remove government ownership, and who this option may suit best.This episode gives a general overview of shared equity. Each state has its own version (and not every state offers one), so over the coming weeks we’ll dive deeper into the state-based schemes to help you understand what applies where you’re buying.In this episode:🔑 What shared equity schemes are and how they work🔑 The benefits, risks, and common traps to avoid🔑 Your obligations while using a shared equity scheme🔑 Exit pathways to remove government ownership🔑 How shared equity compares to the First Home Guarantee and other optionsTimestamps00:00 – Introduction: What are shared equity schemes?01:53 – What to expect in this episode03:17 – Before you buy: should you use shared equity?06:18 – Why choose shared equity instead of the First Home Guarantee?08:04 – Living with shared equity: rules and restrictions09:55 – Ongoing reviews, renovation approvals, and refinancing limits11:05 – Removing shared equity: how do you buy back or exit?14:18 – The impact on equity and upgrading in the future15:57 – Final thoughts: is shared equity worth it?Unlock your Free Resources Shared Equity Scheme Resource Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Saving for a deposit can be one of the biggest challenges of buying your first home. The First Home Guarantee Scheme helps by making it possible with as little as 5%.In this episode, Jack Elliott and Chris Bates break down how the scheme works, who’s eligible, and the key benefits and trade-offs to be aware of. They also cover the Family Home Guarantee, giving you a full picture of the options available.You’ll learn about property price caps, income limits, and the important changes coming in October 2025.This scheme is one of the strongest pathways available for first home buyers. We’ll show you how it works and how it could help you step into your home sooner.In this episode:🔑 How the First Home Guarantee works🔑 Who’s eligible and what types of properties qualify🔑 The Family Home Guarantee explained🔑 Property price caps, income limits, and the October 2025 changes🔑 The benefits, risks, and how to decide if this scheme is right for youTimestamps00:00 – Introduction and overview of today’s topic02:15 – What the First Home Guarantee actually is and how it works03:44 – What the government guarantee does (and doesn’t) cover04:25 – Why the scheme is a big deal for first home buyers06:25 – Eligibility requirements for the First Home Guarantee07:57 – Upcoming October 2025 changes: income caps removed08:38 – Market impacts of the upcoming changes10:38 – Refinancing rules under the scheme13:03 – Deposit requirements and genuine savings rules14:05 – Other upfront costs beyond the deposit (stamp duty, fees, inspections)15:31 – Should you contribute more than 5% or hold back a buffer?17:03 – How lenders view extra cash and buffers18:12 – Reserving and holding your scheme spot with pre-approval19:11 – What types of properties qualify and price cap rules20:15 – Price cap increases from October 2025 and what that means22:56 – The Family Home Guarantee explained (2% deposit for single parents/guardians)24:37 – Key insights from the 2023–24 Housing Australia Scheme Report25:28 – Major changes coming in 2026: income caps, price caps, and place limits25:55 – Final advice for buyers considering the scheme26:31 – Wrap-up and next week’s preview: shared equity schemesUnlock your Free Resources First Home Guarantee Scheme Resource Property Price Cap ToolPrice Cap Changes ResourceWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Saving for a deposit is one of the biggest challenges for first home buyers. The First Home Super Saver Scheme is designed to help, but the rules can feel confusing.In this episode, Jack Elliott and Chris Bates explain how the scheme works, who’s eligible, and the steps to contribute and withdraw. They also cover the potential tax benefits, timing traps to watch out for, and common mistakes first home buyers should avoid.By the end, you’ll have a clear understanding of the key benefits and risks and whether the scheme could play a part in your deposit strategy. In this episode:🔑 What the First Home Super Saver is and how it works🔑 Eligibility criteria and contribution limits🔑 How to withdraw your savings and what to expect at tax time🔑 The benefits and risks of using super to save for your deposit🔑 Why timing matters before making contributionsTimestamps00:00 – Introduction: Talking all things First Home Super Saver01:53 – What the First Home Super Saver is and how it works02:54 – Key benefits and trade-offs of the scheme04:32 – Eligibility rules: who can use the scheme07:06 – Step 1: Making contributions12:28 – Step 2: Releasing funds13:37 – Withdrawal process: requesting a determination and release16:25 – Common mistakes to avoid (timing, contributions, contracts)18:49 – What’s next in the Grants & Schemes series🎧 Listen now to understand how the Super Saver Scheme could support your deposit goals.Unlock your Free Resources ATO First Home Super Saver Website First Home Super Saver Calculator First Home Super Saver Scheme Resource Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

You’ve made your offer, it’s been accepted, and the contracts are signed, now what?In this episode, Jack Elliott and Chris Bates walk you through the final stage of the buying process, from formal loan approval to collecting your keys on settlement day. They explain the role of your broker and conveyancer, how valuations work, and what to expect at each step so you can finish the process feeling calm and confident.You’ll also hear a real case study comparing a preapproved buyer with one who skipped this step, and how it changed their experience.Wherever you are in your buying journey, this episode will help you get settlement-ready.In this episode:🔑 What happens after your offer is accepted🔑 How valuations work🔑 The broker and conveyancer’s role in getting to settlement🔑 Key steps between formal approval and settlement day🔑 Real case study: preapproved vs no preapprovalTimestamps00:00 – Introduction and what we’ll cover02:24 – What happens once your offer is accepted03:25 – Two types of valuations: desktop vs in-person09:08 – Formal approval: what it is and why it matters09:47 – Pre-approved vs no pre-approval: how the process changes14:16 – What happens after formal approval? Steps to settlement15:56 – How to ensure a smooth settlement process17:26 – What actually happens on settlement day19:13 – Getting prepared early (and how your broker should help)19:51 – Key takeaways and what’s next for First Home Unlocked🎧 Listen now to feel prepared and confident when it’s time to settle on your first home.Unlock your Free Resources Get Your Settlement Ready Guide Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Making an offer on your first home can feel overwhelming, especially when every agent handles things differently, and there are no standard rules.In this episode, Jack Elliott and Chris Bates break down exactly how to approach the offer process with clarity and confidence. They explain the different types of sales (private sale vs auction), how to structure a strong offer, and the key questions to ask the agent before putting pen to paper.You’ll learn what conditions can protect you, what happens once your offer is accepted, and how to avoid common traps that catch first home buyers out.Whether you're weeks away from making an offer or just starting to look, this episode gives you the tools to make a smart move when the time comes.In this episode:🔑 What to ask the agent before making an offer🔑 The difference between private sales and auctions🔑 How to assess what a property is really worth (price guides are just a guide)🔑 How to structure a strong offer (it’s not always about price)🔑 Conditions that protect you and when to use them Timestamps 00:00 – Every agent handles offers differently02:08 – Why you should engage your conveyancer early04:47 – Understanding sale types: private sale vs auction09:02 – Biggest mistakes buyers make at auction11:56 – What is the property actually worth?15:43 – What’s included in a written offer?17:09 – When do you actually pay your deposit?19:20 – Conditions that protect you: finance, cooling-off, building & pest24:45 – Finalising contracts: what to confirm before signing26:01 – Key takeaways and what’s coming next🎧 Listen now to feel prepared and confident when it’s time to make your first offer. Unlock your Free Resources Get Your Making An Offer Resource:Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Buying your first home isn’t just about getting into the market, it’s about making a smart choice that supports your goals now and sets you up for what comes next.In this episode, Jack Elliott and Chris Bates break down what makes a property high-quality and why the right home should work for you today and hold value for the future.They walk you through a clear, top-down approach to evaluating asset quality, starting at the macro level with location, supply, and demand, then zooming in to the street, the home itself, layout, and land.You’ll learn what to avoid (like new development areas or off-the-plan apartments), how to identify rare or high-demand homes, and how to balance lifestyle with long-term value.Whether you're buying to stay long-term or planning to upgrade in a few years, this episode will help you avoid emotional buying and make a smart, strategic decision.In this episode: 🔑 What asset quality really means (and why it matters) 🔑 Why you should zoom out before falling in love with a property 🔑 How to assess location, supply and demand 🔑 What to look for in a suburb, street, and specific home 🔑 The difference between land value and building value 🔑 Key red flags and signs of long-term valueTimestamps:00:00 – Why asset quality is so important for first home buyers04:18 – Start by zooming out. Don’t get emotionally attached too early08:18 – Macro-level: Understanding supply and demand14:39 – Buying with future buyers in mind17:19 – Zooming into suburb and location quality19:00 – What important factors to look for on the street?26:47 – What about the property itself? What to look for at inspections?32:58 – The importance of Asset Quality for First Home Buyers34:19 – The importance of land vs the building35:02 – Key takeaways🎧 Listen now and learn how to buy with confidence, not just convenience.Unlock your Free Resources Download your Asset Quality ChecklistWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Getting pre-approved isn’t just about ticking a box, it's about buying with clarity, confidence, and control.In this episode, Jack Elliott and Chris Bates unpack what a fully assessed pre-approval actually is, why it matters, and how it puts you in a stronger position when it’s time to make an offer.They break down the difference between a computer-generated approval and one that’s properly reviewed by a credit assessor, and how that impacts your ability to move quickly when the right property comes up.You’ll learn how pre-approval fits into your buying timeline, how it can help uncover roadblocks early (like credit issues or complex income), and why starting the process 6–12 months out can make all the difference.Whether you’re just starting to explore the idea of buying, or ready to get serious, this episode gives you the tools to move forward with more confidence and clarity.In this episode:🔑 What a pre-approval actually is🔑 Fully assessed vs online pre-approvals🔑 How pre-approval helps you avoid costly delays🔑 Why your broker’s process makes a big difference🔑 Ideal timing for getting pre-approvedTimestamps:00:00 – What’s in store for this episode?01:41 – What is a pre-approval, and why does it matter?04:30 – The process to get a pre-approval05:29 – Fully assessed vs computer-generated: what’s the difference?08:40 – Ideal timing for pre-approval09:01 – How long does a pre-approval last, and what happens if it expires?09:25 – How pre-approval speeds up the formal approval process10:34 – Your broker’s role: strategy, not just paperwork12:50 – Top tips for a strong pre-approval13:48 – The value of going through the pre-approval process15:38 – What’s to come on next week's episode?🎧 Listen now and learn how to take control of your buying journey.Unlock your Free Resources Get Your Power of Pre-Approval GuideWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

One of the biggest myths in home buying is that you need a 20% deposit. While it can help avoid some costs, it’s not a requirement, and focusing only on that number could be holding you back.In this episode, Jack Elliott and Chris Bates break down the real deposit options available for first home buyers, including how much you actually need, how to avoid unnecessary delays, and what smarter alternatives exist if a 20% deposit feels out of reach.You’ll explore practical ways to think about saving, understand options like the First Home Guarantee Scheme and family guarantor loans, and hear simple tips to build momentum, even if you’re just getting started.Whether you’re early in your savings journey or already close to your goal, this episode will help you move forward with more clarity and confidence.In this episode:🔑 Do you really need a 20% deposit?🔑 Deposit options from 2% to 20%, including the First Home Guarantee and family guarantor loans🔑 Why buffers matter and how to set up your savings🔑 Smart tips to build habits and practice future mortgage repaymentsTimestamps:00:00 – Do you really need a 20% deposit?02:45 – Why 20% is such a common myth05:08 – Your options with a 5%–10% deposit07:37 – When it makes sense to pay LMI (and when to avoid it)09:13 – What is the Family Home Guarantee Scheme?09:46 – Other low-deposit options and what to consider11:14 – How much do you really need to save?11:50 – Client story: Buying with 5% instead of saving 15%12:54 – Building a clear savings approach🎧 Listen now and take the guesswork out of your deposit strategy.Key Links from This EpisodeFirst Home Guarantee Scheme Family Home Guarantee Scheme Unlock your Free Resources Get your Unlocking Your Deposit ResourceWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

When people think about the cost of buying their first home, they usually focus on the deposit.But the true cost includes a range of extra expenses, and if you're not prepared, they can catch you off guard.In this episode, Jack Elliott and Chris Bates share a full breakdown of the real costs involved in buying your first home, from government charges and lender fees to legal costs, building and pest inspections, moving expenses, and more.Whether you’re early in your planning or getting close to buying, this episode will help you build a clear, realistic budget so you’re prepared at every step.You’ll walk away knowing exactly what to expect, what to plan for, and how to move forward with confidence.In this episode:🔑 A full breakdown of government, legal, lender, and moving costs🔑 A real NSW case study: $900K purchase example🔑 Why a building and pest inspection is essential🔑 Why having a cash buffer is key for peace of mindTimestamps:00:00 – What are the real costs to consider?01:48 – Government fees explained03:23 – NSW case study: $900K purchase example04:08 – Stamp duty breakdown06:33 – Legal fees: What a conveyancer does and why it matters09:28 – Lender fees and LMI: what to watch for13:28 – Why you need a building & pest inspection15:56 – Planning for moving, setup, and furniture16:49 – Hidden costs and the value of a cash buffer🎧 Listen now and get clear on exactly what to budget for.At the time of filming, we were in the 2024/25 financial year. Since then, NSW mortgage registration and transfer fees have increased slightly from $171.70 to $175.70 each in the 2025/26 financial year.Unlock your Free Resources Get your Unlocking the Costs to Purchase Your First Home Resource Download your State by State Stamp Duty Guide for First Home BuyersWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

When’s the right time to speak to a mortgage broker? Most first home buyers think it’s once they’ve saved the full deposit or found the perfect property, but waiting can cost you time, money, and confidence.In this episode, Jack Elliott and Chris Bates explain why engaging a broker early (6–12 months out) can be a game-changer. You’ll learn how brokers help you plan strategically, ask the right questions, and align your situation with the right loan strategy, structure, and lender.If you have a goal to buy, now’s the time to start the conversation.In this episode:🔑 The biggest timing mistakes first home buyers make🔑 A real self-employed client story: balancing business tax and mortgage goals🔑 What brokers actually do (beyond comparing rates)🔑 Why loan strategy matters more than interest rates🔑 Your timeline: what to do 6–12 months and 3–4 months outTimestamps00:00 – When is the best time to speak with a broker?02:42 – Real story: self-employed client & tax return timing03:45 – The value of working with a broker early05:30 – Why use a broker? Policy-matching vs rate-hunting: what actually matters08:45 – Brokers as sounding boards for life decisions10:20 – What to expect 6–12 months out from buying using a broker 11:35 – What to expect 3– 4 months out from buying, the action step13:00 – Pre-approval, lender selection, and getting ready to buy🎧 Listen now to build confidence and start your journey with the right strategy in place.Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

The first step in buying your home isn’t finance, it’s getting clear on your goals and vision.In this episode, Jack Elliott and Chris Bates talk about considering your future before property and why the best buying decisions start with understanding where you’re heading.Whether you're single, in a couple, planning a family, or wanting a balanced lifestyle, this conversation is about putting you at the centre of your property strategy.Everyone’s journey is different. This episode helps you shape a plan that reflects your goals, values, and vision so your first home fits into your life plan, not the other way around. In this episode:🔑 Why the first step isn’t finance, it’s vision🔑 Real questions to ask yourself about family, lifestyle, and work🔑 Why property should support your life, not shape it🔑 The risk of skipping this step and buying in reaction to pressure🔑 How to avoid short-term thinking and costly mistakesTimestamps:00:00 – Why we start with the goals and vision conversation03:10 – The big question to ask yourself04:52 – Family planning: questions to consider06:02 – Stepping stone strategies and the cost of moving too soon07:22 – Lifestyle considerations: city vs regional, work, commute, and hobbies10:05 – Planning to avoid short-term thinking and costly mistakes12:00 – Why not all properties grow equally12:58 – The risk of skipping this step and outside pressure14:22 – Key takeaways from the episode🎧 Listen now to get clear on your vision before beginning your journey. Unlock your Free Resources Download your free Goals & Vision WorkbookCheck out the report Chris mentioned: Core Logic Pain & Gain ReportWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au

Feeling overwhelmed by the process of buying your first home? You’re not alone, and you're in the right place. 🔑🏠 In this debut episode of First Home Unlocked, hosts Jack Elliott and Chris Bates share why this podcast exists, who it’s for, and the kind of grounded support you can expect moving forward. If you're confused by all the information out there, this show is here to bring all the information you need in one place to help you find clarity. Whether you're 12 months out or ready to buy now, Jack and Chris will guide you through each step of the home buying journey. In this episode: 🔑 Why buying your first home can feel so confusing, and how to simplify it together 🔑 Jack and Chris’s paths into mortgage broking, and why they’re passionate about supporting first home buyers 🔑 What to expect from future episodes: smart strategies, buyer stories, and step-by-step support through the whole process Timestamps: 00:12 - Meet Your Guides: Jack and Chris 01:33 - Chris Bates: A Journey in Mortgage Broking from Financial Planning 02:38 - Jack Elliott: From Teaching to Mortgage Broking 04:34 - Why We Created This Podcast 05:58 - What to Expect from Future Episodes 🎧 Listen now, and let’s unlock your first home together. Unlock your Free Resources Download by visiting www.firsthomeunlocked.com.au Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtube www.firsthomeunlocked.com.au