Pete Wargent

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553 appearances 2 recordings 1 series first heard Oct 2022 last heard Jan 2023

Pete Wargent’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Sell property now? RBA interest rates & financial independence ft. Pete Wargent · 10 Oct 2022 podcast

And I guess to some degree, it's through making those mistakes is how you learn, I suppose.

Yeah, building and pest inspection.

If you're an investor, you might get a depreciation report.

Yeah, there's plenty of potential costs.

You just touched on a really important point there, stamp duty.

So in New South Wales, we've been talking about this for hours.

How long?

A long time.

First home buyers from January next year will be able to opt whether to pay stamp duty or not in favor of an annual land tax.

So I think talking about first home buyer tips for if you're in New South Wales and your purchase price is under 1.5 million and you're a first home buyer, well, you need to start having a think about the implications of this

a prospective change because there'll probably be a bit of a rush on first home buyer properties as soon as the change comes in.

I think if people don't have the deposit, they'll probably be tapping the bank of mum and dad saying, look, there's no stamp duty now.

Can I get on the ladder?

So yeah, I think that's one of the things to be across if you're a first home buyer is what are the rules in your state or territory and make sure if there's a

a first home buyer guarantee available or whatever it may be just across those roles.

And that's where a professional advisor comes in, right?

Because they do that stuff every day.

I think, yes, from the bottom of the market, yes.

I mean, if you look at all the first homebuyer sort of boosts and levies and so on, first homeowners grants in 2008 or 2009, whenever they came in, they tend to just get whacked onto the sales price.

So it gets priced in pretty quickly.

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