Nicola Powell

speaker

158 appearances 3 recordings 1 series first heard Jan 2026 last heard 21 Mar

Nicola Powell’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in Mar 2026 with 1.

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Aussie Real Estate Podcast · Queensland Regional Property Still Attractive as Sydney Buyers Take Bigger Risks · 25 Jan 2026 podcast

Now, we know that when you're a first-time buyer, saving for a 20% deposit is such a significant hurdle.

And if we take Sydney as an example, and we're using the property price cap based on this home guarantee scheme of $1.5 million, to save for a 20% deposit on that $1.5 million would take just over 10 years for a two-person household income.

When you're looking at saving for 5%, it only takes two years and 10 months.

So you're saving almost seven years in terms of time it takes to save that all-important deposit.

So it is a game changer.

I think it's very much a game changer in a market like Sydney, which is extremely high priced.

You have to be highly leveraged to gain access to it.

And I do think that this will fast track many Sydneysiders' ability to purchase a property.

I think you have to make the judgment really based on all of the opportunities and challenges that a low deposit does offer.

And I think that you have to remember that you're going to be looking for a much larger loan because you're only going to have 5% equity within that home.

And also some of the other challenges, which is particularly poignant for a high priced market like Sydney is borrowing power is unchanged.

So banks will still stress test serviceability.

So repayments remain a very hard barrier for many households.

You know, we've got that lump sum deposit as hurdle one, but then it's how can I service that repayment of that ongoing?

And I think this is where it particularly becomes poignant in Sydney.

And

If you have a larger mortgage, because you've got a smaller deposit, that does mean more debt.

And it's leaving, I think, households much more exposed to interest rate movements.

So my advice is build in a buffer so you can be financially comfortable repaying that mortgage.

You know, you have the scope to stretch that bit further if the cash rate does move higher.

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