Rich Harvey

You know, how is that going to help you achieve your goals?

And then look at your resources and what you've got available both now and in the future.

You know, you might be on an income of 70K and go, oh, look, I can't afford that million dollar home.

So you start where you're at and look at what your budgeting is, look at your financial commitments and work out how you're going to afford to buy this property.

And there's also a lot of other information out there that you've got to understand.

Basically, you need a road map.

And we're talking about roadblocks today, right, Craig?

So if you want to get from A to B, if you want to drive from Sydney to Melbourne or Sydney to Brisbane, you just jump on the freeway.

But if you want to get to a more trickier place, you've got to put your destination into the maps and work out how to get there, how much petrol to eat in the tank.

Same with buying a property.

Work out what it's going to cost you and how the various steps are that you need to get there.

It's funny you raise the issue of expectations, Greg.

That's the biggest, I guess, bugbear I have about people buying properties.

A lot of first home buyers think, you know, gosh, well, you know, my parents live in this beautiful property in the suburbs, so I should be able to get something fairly similar to what they're living in now.

Well, no, you can't.

You've got to dial it back a few notches.

You need to get out there and have a look at what your budget can afford.

So you need to go and see a finance broker, work out what it is you can afford, and then get out and wear out some shoe leather and see exactly what your budget can actually deliver.

I mean, we are in a correcting market, but it's not going to crash.

I mean, don't expect a $2 million property to drop to $1 million in six months' time.