First Home Unlocked

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Episode 25 | Unlocking Interest Rates and Why They Move

33 - Unlocking Rising Rates, Market Uncertainty and What It Means for First Home Buyers

Wed, 01 Apr 2026 07:00:00 +1000

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 control

Timestamps

00:00 - What We're Seeing in the Market Right Now

06:57 - The Impact of the Rate Rise

09:54 - Should You Fix Your Rate?

13:17 - Your Three Step Action Plan

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Download Your April 2026 Market Update Resource

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Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home Buyer

32 - Unlocking How to Buy Strategically with a Gift, Inheritance or Large Deposit

Wed, 18 Mar 2026 07:00:00 +1000

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 outcome

Timestamps

00:00 - Introduction

03:16 - Leaving Buffers & Why It’s Important

06:17 - Can You Look Beyond the Stepping Stone Mindset?

08:32 - The Importance of Asset Quality

11:26 - Build the Right Team Around You: Buyers Agents & Financial Planners

19:52 - Don't Let the Bigger Deposit Rush You

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Episode 21 | Unlocking How Your Mortgage Actually Works

31 - Unlocking the Power of Offset & Redraw for First Home Buyers

Wed, 04 Mar 2026 07:00:00 +1000

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 repayments

Timestamps

00:00 - Introduction to Offset & Redraw Episode

02:42 - What is an Offset Account?

04:28 - Impact of an Offset Account

09:10 - What is a Redaw?

12:59 - Offset vs Redraw: Key Differences and Strategy

16:11 - Money Psychology around Offset and Redraw

19:29 - The Power of Extra Repayments with Examples

23:23 - Episode Wrap up & Key Takeaways

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Episode 25 | Unlocking Interest Rates and Why They Move

30 - Unlocking How to Handle the Pressure of Buying Your First Home

Wed, 18 Feb 2026 07:00:00 +1000

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 conversation

Timestamps

00:00 - Introduction: First Home Buyer Pressures

02:30 - Handling Other People's Opinions

06:11 - The "Just Get In" Mindset and Why It's Risky

13:52 - FOMO and The Future Self Test

21:16 - The "Rent Money's Dead Money" Story

25:22 - Episode Wrap Up

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Episode 25 | Unlocking Interest Rates and Why They Move

Bonus - Unlocking What the Rate Rise Means for First Home Buyers

Wed, 11 Feb 2026 16:00:00 +1000

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 rise

Timestamps

00:00 - What First Home Buyers Should Do After a Rate Rise

07:47 - How a Rate Rise Affects Your Repayments and Borrowing Power

10:11 - What Chris is Seeing in the Market After the Rate Rise

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How to Buy Your First Home Step By Step Resource

29 - Unlocking How to Buy Your First Home in 2026: Part 2

Wed, 04 Feb 2026 07:00:00 +1000

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 settlement

Timestamps

00:00 - Introduction to How to Buy Your First Home (Part 2)

03:27 - Step 6: Asset Quality

14:35 - Step 7: Property Inspections and Due Diligence

28:08 - Step 8: How to Make an Offer

38:42 - Step 9: Formal Approval & Settlement

32:10 - Wrap Up & We Are Here to Help You in 2026

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Download your Asset Quality Checklist

Get Your Unlocking Asset Quality Resource

Get Your Making An Offer Resource

Get Your Settlement Ready Guide

Mentioned Episodes:

Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home Buyer

Episode 7 | Unlocking Offers: How To Make a Confident Offer as a First Home Buyer

Episode 8 | Unlocking Formal Approval & Settlement for First Home Buyers

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How to Buy Your First Home Step By Step Resource

28 - Unlocking How to Buy Your First Home in 2026: Part 1

Wed, 21 Jan 2026 07:00:00 +1000

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 properly

Timestamps

00:00 - Introduction to How to Buy Your First Home (Part 1)

03:27 - Step 1: Goals and Visions

08:50 - Step 2: Speaking With the Right Broker

13:27 - Step 3: Understanding the Real Costs of Buying Your First Home

22:33 - Step 4: Understanding How Much Deposit You Need

28:02 - Step 5: Get Your Pre-Approval Organised

32:10 - Wrap Up and Looking to Forward to Part 2

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Download Your Goals & Visions Workbook

Download Your State by State Stamp Duty Guide for First Home Buyers

Get Your Unlocking the Costs to Purchase Your First Home Resource

Get Your Unlocking Your Deposit Resource

Get Your First Home Guarantee Scheme Resource

Mentioned Episodes:

Episode 1 | Unlocking Your Property Vision as a First Home Buyer

Episode 3 | Unlocking the Real Cost of Buying Your First Home

Episode 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

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27 - Unlocking Our 2025 Lessons & Reflections for First Home Buyers

Wed, 24 Dec 2025 07:00:00 +1000

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 2026

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Street Secrets Podcast

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Unlocking Help to Buy Scheme Resource

26 - Unlocking the Federal Government 'Help to Buy' Shared Equity Scheme

Wed, 17 Dec 2025 07:00:00 +1000

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 equity

Timestamps

00:00 - Introduction to the Help to Buy Scheme

01:59 - What Shared Equity Actually Means

04:13 - How the Help to Buy Scheme Works and Who It’s For

09:40 - What It’s Like Living with the Help to Buy Scheme

14:56 - How to Exit the Scheme and Regain Full Ownership

20:54 - Our Thoughts on Shared Equity and Help to Buy

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Help to Buy Scheme

Property Price Cap Tool

Help to Buy Scheme Fact Sheet

Help to Buy Scheme Customer Guide

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Unlocking Interest Rates Resource

25 - Unlocking Interest Rates and Why They Move

Wed, 10 Dec 2025 07:00:00 +1000

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 rate

Timestamps

00:00 - Introduction to Interest Rates

02:12 - What an Interest Rate Actually Is

03:43 - Fixed, Variable and Split Loans Explained

06:38 - Who Sets Your Rate and Why It Changes

12:51 - Interest Rate Trends in The Past

16:09 - How to Plan for Future Rate Movements

19:23 - Why Strategy Matters More Than the Rate

22:39 - Episode Wrap-Up and Key Takeaways

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Episode 21 | Unlocking Unlocking How Your Mortgage Actually Works

ASX RBA Interest Rate Tracker

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24 - Unlocking Lenders Mortgage Insurance (LMI)

Wed, 03 Dec 2025 07:00:00 +1000

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 buyer

Timestamps

00:00 - Introduction to Lenders Mortgage Insurance (LMI)

01:59 - What is LMI?

04:57 - Options for FHB’s to Avoid Paying LMI

15:51 - When Paying LMI is Worth it

19:39 - How LMI is Priced

22:05 - Key Takeaways of LMI

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Unlocking LMI Resource

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Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home Buyer

23 - Unlocking Your Loan to Value Ratio (LVR)

Wed, 26 Nov 2025 07:00:00 +1000

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 change

Timestamps

00:00 - Introduction to Loan to Value Ratio (LVR

02:04 - What is Loan to Value Ratio (LVR) & Why it Matters?

05:52 - LVR and Lending Policy

08:27 - LVR Under the First Home Guarantee (5% Deposit Scheme)

11:48 - Understanding the Risk of 95 % LVR

12:49 - The Relationship Between LVR and Equity

14:59 - Using LVR to Build Leverage and Flexibility

18:22 - LVR Episode Recap

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Unlocking LVR Resource

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Unlocking Repayment Frequency Resource

22 - Unlocking Repayment Frequency: Does Fortnightly Really Save You Thousands?

Wed, 19 Nov 2025 07:00:00 +1000

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 situation

Timestamps

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 Breakdown

05:35 - Paying Your Loan on Your Terms (Not the Bank’s)

08:15 - The Actual Repayment Method & Example Breakdown

09:34 - 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-Up

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MoneySmart Mortgage Calculator

Episode 21 | Unlocking Unlocking How Your Mortgage Actually Works

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Unlocking How Your Mortgage Actually Works Resource

21 - Unlocking How Your Mortgage Actually Works

Wed, 12 Nov 2025 07:00:00 +1000

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 Mortgage

02:59 - 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 Rate

08:07 - 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 Takeaway

Unlock your Free Resources

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 Buyer

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The Truth About the 5% Deposit Scheme Resource

20 - Unlocking the Truth About the 5% Deposit Scheme

Wed, 05 Nov 2025 07:00:00 +1000

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 arrears

05:33 - Understanding the Risk of using the 5% Deposit Scheme

06:45 - Misconception 4: You only need a 5% deposit to buy

09:03 - What the 2024–25 Financial Year Report Shows

01:20 - The Key Takeaway when using the 5% Deposit Scheme

10:51 - Wrap-Up & What’s Coming Next

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HGS Trends and Insights Report 2024-25

Original 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 Buyer

Episode 10 | Unlocking the First Home Guarantee Scheme: Buying Your First Home With 5% Deposit

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WA First Home Buyer Resource

19 - Unlocking First Home Buyer Support in Western Australia

Wed, 29 Oct 2025 07:00:00 +1000

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 equity

Timestamps

00:00 – Intro: WA incentives overview

01:42 – Stamp duty concessions

03:00 – Example breakdowns & eligibility

04:05 – Strategy: don’t chase savings

05:06 – $10K First Home Owner Grant

06:46 – First Home Guarantee updates

08:28 – Shared Home Ownership (Keystart)

11:13 – Strategy: pros & cons of shared equity

12:22 – Wrap up & next steps

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First Home Owner Rate of Duty

Stamp Duty Calculator

Opening Doors Shared Equity

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SA First Home Buyer Resource

18 - Unlocking First Home Buyer Support in South Australia

Wed, 22 Oct 2025 07:00:00 +1000

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 savings

Timestamps

00:00 – Intro: SA incentives overview

01:05 – Stamp duty relief explained

03:13 – Strategy: long-term focus

04:30 – $15K First Home Owner Grant

06:14 – First Home Guarantee update

07:43 – HomeStart Shared Equity Option

11:39 – Strategy: pros & cons

12:33 – Wrap up & next steps

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Stamp Duty Relief

Stamp Duty Calculator

HomeStart - Shared Equity Option

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NT First Home Buyer Resource

17 - Unlocking First Home Buyer Support in Northern Territory

Wed, 15 Oct 2025 07:00:00 +1000

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 value

Timestamps

00:00 – Intro: NT incentives overview

00:50 – Stamp duty exemption explained

02:20 – Eligibility & key details

03:55 – Strategy: long-term thinking

05:05 – $50K HomeGrown Grant (new homes)

08:05 – Strategy: new vs established

09:20 – First Home Guarantee overview

10:45 – NT price caps & updates

12:10 – HomeBuild Access overview

13:35 – Low-deposit & subsidised loan options

17:30 – Strategy: shared equity pros & cons

18:25 – Wrap up & next steps

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House & Land Package Exemption (HLPE)

Home Grown Territory Grant - New Homes

HomeBuild Access Shared Equity Scheme

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VIC First Home Buyer Resource

16 - Unlocking First Home Buyer Support in Victoria

Wed, 08 Oct 2025 07:00:00 +1000

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 decisions

Timestamps

00:00 – Intro: VIC incentives overview

00:55 – Stamp duty explained

01:47 – Full exemption & concessional rates

03:12 – Eligibility criteria & income caps

04:20 – Example breakdowns (up to $800K)

05:18 – Strategy: asset quality over savings

06:42 – $10K First Home Owner Grant explained

07:38 – What types of properties qualify

09:10 – Strategy: new vs established homes

09:56 – First Home Guarantee overview

10:40 – VIC price cap & income cap updates (Oct 2025)

12:05 – Combining incentives & trade-offs

14:02 – Long-term strategy & recap

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First Home Buyer Duty Exemption or Concession

Off the Plan Stamp Duty Concession

Stamp Duty Calculator

Victorian Homebuyer Fund - Shared Equity Scheme

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TAS First Home Buyer Resource

15 - Unlocking First Home Buyer Support in Tasmania

Wed, 01 Oct 2025 07:00:00 +1000

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 savings

Timestamps

00:00 – Intro: TAS incentives overview

01:50 – Stamp duty exemption under $750K

03:04 – Strategy: stretch beyond the cap?

04:22 – Example breakdowns ($750K vs $800K)

04:47 – Extra: off-the-plan concession

04:59 – $10K First Home Owner Grant explained

06:42 – Strategy: new ≠ always better

06:26 – First Home Guarantee (new price caps)

08:00 – MyHome Shared Equity Scheme

11:22 – Living with shared equity (rules & limits)

12:44 – Strategy: pros & cons of shared equity

13:37 – Wrap up & next steps

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First Home Buyers of Established Homes Duty Relief

MyHome Shared Equity Scheme

MyHome Shared Equity Scheme Income Limits

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ACT First Home Buyer Resource

14 - Unlocking First Home Buyer Support in Australian Capital Territory

Wed, 24 Sep 2025 07:00:00 +1000

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 savings

Timestamps

00:00 – Intro: Why the ACT does things differently

01:32 – What is stamp duty & the Home Buyer Concession Scheme

02:53 – Examples: $1.02M, $1.4M & $1.6M purchases

03:31 – Eligibility & income thresholds

05:45 – Strategy insight: Should you stretch beyond the cap?

07:08 – The First Home Guarantee in the ACT

08:37 – Key changes from October 2025

08:47 – Wrap up & next steps

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Home Buyer Concession Scheme

ACT Stamp Duty Calculator

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NSW First Home Buyer Resource

13 - Unlocking First Home Buyer Support in New South Wales

Wed, 17 Sep 2025 07:00:00 +1000

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 savings

Timestamps

00:00 – What’s available for first home buyers in NSW

01:34 – Stamp duty concessions explained (with examples)

05:14 – The $10,000 First Home Owner Grant

07:33 – The First Home Guarantee Scheme and October 2025 changes

09:11 – Recap of NSW incentives and key takeaways

09:42 – Strategy, resources, and next steps

Unlock your Free Resources

First Home Buyers Assistance Scheme

NSW Home Buyer Assistance Finder

NSW Stamp Duty Transfer Calculator

First Home Owner (New Homes) Grant

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QLD First Home Buyer Resource

12 - Unlocking First Home Buyer Support in Queensland

Wed, 10 Sep 2025 07:00:00 +1000

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 savings

Timestamps

00:00 – Intro: what’s covered for QLD first home buyers

01:05 – What’s available right now in QLD (Sept 2025)

01:27 – Stamp duty concessions overview and shared eligibility

02:45 – First Home Concession for existing homes: thresholds and savings

03:49 – Examples: $700k, $720k, $750k stamp duty comparisons

04:40 – Home Concession over $800k: how it works + examples

05:46 – New home concession: full exemption for brand new or substantially renovated

07:04 – Vacant land concession: rules and timelines

08:12 – $30,000 First Home Owner Grant: who qualifies and what counts as new

08:48 – FHOG eligibility criteria and key notes

09:27 – Grant + strategy: avoid chasing new builds for the wrong reasons

10:18 – First Home Guarantee overview: 5% deposit, no LMI

11:07 – QLD price caps and income caps now and from Oct 2025

12:14 – “Boost to Buy” shared equity scheme: what it is

12:48 – Key features: government share, deposit, price cap, income caps

14:48 – Recap of all QLD supports

15:33 – How to get personalised help and links

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Transfer Duty Calculator QLD

First Home Concession

First Home (New Home) Concession

First Home Vacant Land Concession

Home Concession

First Home Owner Grant

Boost To Buy - Shared Equity Scheme

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Shared Equity Scheme Resource

11 - Unlocking Shared Equity Schemes: What First Home Buyers Need to Know

Wed, 03 Sep 2025 07:00:00 +1000

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 options

Timestamps

00:00 – Introduction: What are shared equity schemes?

01:53 – What to expect in this episode

03:17 – 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 restrictions

09:55 – Ongoing reviews, renovation approvals, and refinancing limits

11:05 – Removing shared equity: how do you buy back or exit?

14:18 – The impact on equity and upgrading in the future

15:57 – Final thoughts: is shared equity worth it?

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First Home Guarantee Scheme Resource

10 - Unlocking The First Home Guarantee Scheme: Buy Your First Home With 5% Deposit

Wed, 27 Aug 2025 07:00:00 +1000

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 you

Timestamps

00:00 – Introduction and overview of today’s topic

02:15 – What the First Home Guarantee actually is and how it works

03:44 – What the government guarantee does (and doesn’t) cover

04:25 – Why the scheme is a big deal for first home buyers

06:25 – Eligibility requirements for the First Home Guarantee

07:57 – Upcoming October 2025 changes: income caps removed

08:38 – Market impacts of the upcoming changes

10:38 – Refinancing rules under the scheme

13:03 – Deposit requirements and genuine savings rules

14:05 – 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 buffers

18:12 – Reserving and holding your scheme spot with pre-approval

19:11 – What types of properties qualify and price cap rules

20:15 – Price cap increases from October 2025 and what that means

22:56 – The Family Home Guarantee explained (2% deposit for single parents/guardians)

24:37 – Key insights from the 2023–24 Housing Australia Scheme Report

25:28 – Major changes coming in 2026: income caps, price caps, and place limits

25:55 – Final advice for buyers considering the scheme

26:31 – Wrap-up and next week’s preview: shared equity schemes

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Property Price Cap Tool

Price Cap Changes Resource

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ATO First Home Super Saver Website

9 - Unlocking The First Home Super Saver Scheme (FHSS)

Wed, 20 Aug 2025 07:00:00 +1000

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 contributions

Timestamps

00:00 – Introduction: Talking all things First Home Super Saver

01:53 – What the First Home Super Saver is and how it works

02:54 – Key benefits and trade-offs of the scheme

04:32 – Eligibility rules: who can use the scheme

07:06 – Step 1: Making contributions

12:28 – Step 2: Releasing funds

13:37 – Withdrawal process: requesting a determination and release

16:25 – 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.

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First Home Super Saver Calculator

First Home Super Saver Scheme Resource

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8 - Unlocking Formal Approval & Settlement for First Home Buyers

Wed, 13 Aug 2025 07:00:00 +1000

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 preapproval

Timestamps

00:00 – Introduction and what we’ll cover

02:24 – What happens once your offer is accepted

03:25 – Two types of valuations: desktop vs in-person

09:08 – Formal approval: what it is and why it matters

09:47 – Pre-approved vs no pre-approval: how the process changes

14:16 – What happens after formal approval? Steps to settlement

15:56 – How to ensure a smooth settlement process

17:26 – What actually happens on settlement day

19:13 – 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.

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Get Your Settlement Ready Guide

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7 - Unlocking Offers: How To Make a Confident Offer as a First Home Buyer

Wed, 06 Aug 2025 07:00:00 +1000

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 differently

02:08 – Why you should engage your conveyancer early

04:47 – Understanding sale types: private sale vs auction

09:02 – Biggest mistakes buyers make at auction

11:56 – 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 & pest

24:45 – Finalising contracts: what to confirm before signing

26:01 – Key takeaways and what’s coming next

🎧 Listen now to feel prepared and confident when it’s time to make your first offer.

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Get Your Making An Offer Resource:

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6 - Unlocking Asset Quality: How to Choose the Right Property as a First Home Buyer

Wed, 30 Jul 2025 07:00:00 +1000

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 value

Timestamps:

00:00 – Why asset quality is so important for first home buyers

04:18 – Start by zooming out. Don’t get emotionally attached too early

08:18 – Macro-level: Understanding supply and demand

14:39 – Buying with future buyers in mind

17:19 – Zooming into suburb and location quality

19:00 – 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 Buyers

34:19 – The importance of land vs the building

35:02 – Key takeaways

🎧 Listen now and learn how to buy with confidence, not just convenience.

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Download your Asset Quality Checklist

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Episode 5 | Unlocking the Power of Pre-Approval for First Home Buyers

Wed, 23 Jul 2025 07:00:00 +1000

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-approved

Timestamps:

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-approval

05:29 – Fully assessed vs computer-generated: what’s the difference?

08:40 – Ideal timing for pre-approval

09:01 – How long does a pre-approval last, and what happens if it expires?

09:25 – How pre-approval speeds up the formal approval process

10:34 – Your broker’s role: strategy, not just paperwork

12:50 – Top tips for a strong pre-approval

13:48 – The value of going through the pre-approval process

15:38 – What’s to come on next week's episode?

🎧 Listen now and learn how to take control of your buying journey.

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Get Your Power of Pre-Approval Guide

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4 - Unlocking Your Deposit: How Much Do First Home Buyers Really Need?

Wed, 16 Jul 2025 07:00:00 +1000

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 repayments

Timestamps:

00:00 – Do you really need a 20% deposit?

02:45 – Why 20% is such a common myth

05:08 – Your options with a 5%–10% deposit

07:37 – 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 consider

11:14 – 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 Episode

Family Home Guarantee Scheme

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Get your Unlocking Your Deposit Resource

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3 - Unlocking the Real Cost of Buying Your First Home

Wed, 09 Jul 2025 07:00:00 +1000

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 mind

Timestamps:

00:00 – What are the real costs to consider?

01:48 – Government fees explained

03:23 – NSW case study: $900K purchase example

04:08 – Stamp duty breakdown

06:33 – Legal fees: What a conveyancer does and why it matters

09:28 – Lender fees and LMI: what to watch for

13:28 – Why you need a building & pest inspection

15:56 – Planning for moving, setup, and furniture

16:49 – 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.

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Download your State by State Stamp Duty Guide for First Home Buyers

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2 - Key Timing: When to Talk to a Broker as a First Home Buyer

Wed, 02 Jul 2025 07:00:00 +1000

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 out

Timestamps

00:00 – When is the best time to speak with a broker?

02:42 – Real story: self-employed client & tax return timing

03:45 – The value of working with a broker early

05:30 – Why use a broker? Policy-matching vs rate-hunting: what actually matters

08:45 – Brokers as sounding boards for life decisions

10:20 – 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 step

13:00 – Pre-approval, lender selection, and getting ready to buy

🎧 Listen now to build confidence and start your journey with the right strategy in place.

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📅 Book a chat with Jack for tailored support

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1 - Unlocking Your Property Vision as a First Home Buyer

Wed, 25 Jun 2025 09:00:00 +1000

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 mistakes

Timestamps:

00:00 – Why we start with the goals and vision conversation

03:10 – The big question to ask yourself

04:52 – Family planning: questions to consider

06:02 – Stepping stone strategies and the cost of moving too soon

07:22 – Lifestyle considerations: city vs regional, work, commute, and hobbies

10:05 – Planning to avoid short-term thinking and costly mistakes

12:00 – Why not all properties grow equally

12:58 – The risk of skipping this step and outside pressure

14:22 – 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 Workbook

Check out the report Chris mentioned: Core Logic Pain & Gain Report

Want to keep the conversation going?

📅 Book a chat with Jack for tailored support

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0 - Unlocking the Vision: Why We Created First Home Unlocked

Sat, 21 Jun 2025 22:15:00 +1000

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

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