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Experts reveal what first-home buyers are doing wrong
Buyer’s advocate Ms Sandkuhler said buying property was a “very complex process” that left first-timers “vulnerable and susceptible to getting ripped off”.
“A lot of first-home buyers assume they’ll qualify for a loan, so they waste time on the search process not knowing their limits. And there’s often heartbreak when they buy a property and fail to get their finance. Read More
Don’t believe the hype: When tree and sea changes don’t work out
Miriam Sandkuhler agrees that it’s important to explore the reality of a regional move before committing to it.
“You really need to test the waters first, because how you think it will be might not be the reality,” she says. “Spend lots of time there, and try to live as though you’re a member of the community. Connecting with people can give you a sense of whether it will work, and whether you’ll fit in.” Read more
Why many millennials are rentvesting
The property market is becoming increasingly impenetrable, especially for millennials and first home buyers.
However, a new trend known as rentvesting means those making their first steps in the market can maintain their lifestyle without forgoing their other real estate dreams.
Rentvesting means renting in your dream suburb, while simultaneously buying or investing somewhere closer to your budget.
Nikolai Beilharz asked Miriam Sandkuhler about why rentvesting is becoming more popular. Listen here
Indicators point to growth
Kevin: As we continue to have a look at what’s likely to be ahead for the property market in 2018, it’s always good to look back at 2017. Miriam Sandkuhler from Property Mavens joins me to do that.
Miriam, thanks very much for your time.
Miriam: You’re welcome, Kevin.
Kevin: I’m looking forward to your input into this chat. What lessons did you learn out of 2017?
Miriam: Gosh, there were so many. Certainly supply and demand are really the strongest drivers of price escalation in a number of cities around the country. That’s really been evidenced by the fact that Victoria’s capital growth ended up at the end of November around 10% for the year, Sydney’s was double that and second only to Hobart, which had 11.5%. Read more or listen here