Andrew Wheatley

keep saying how you should never pay mortgage insurance, like magically no one in Australia ever paid mortgage insurance, which clearly there's a lot of people who are stretching the truth there because there's no way everyone was paying 20% deposits unless their parents were kicking in a massive amount.

So understanding that there's about 12 different ways you can provide a deposit, everything from zero deposit by using family guarantees.

If you have family that own property, you can get in, like you can borrow the full purchase price plus the stamp duty, get into the market now instead of waiting, you know, two years to save up a deposit

some of the government schemes for first-time buyers now are the best ones I've ever seen.

I'm not usually a big fan of governments.

When governments try to solve problems, they usually kind of mess it up, but some of the ones now, they've really got it right.

And understanding mortgage insurance that, you know, while you don't want to pay mortgage insurance, if, for example, you've got to pay $5,000 or $10,000 and you can buy the property now instead of waiting 12 or 18 months and paying rent for another 12 or 18 months, you really have to weigh up whether that's...

good money spent.

There's a lot of ways to skin a cat and I just encourage people to not get solely focused on only having the one way of satisfying the deposit.

Thank you, Craig.

My pleasure.