Owen’s First Home Buying Journey
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What motivated Owen to buy his first home during COVID-19?
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What sacrifices did Owen make to save for his home purchase?
Hello and welcome back to another episode of the Australian Finance Podcast. And this week, we don't have a special guest. We have Owen as our guest. What?
A pretty special guest? I feel like this is an insult. I am a long-time listener of this podcast, Kate, and I've listened to all three episodes in the series so far, so I feel like it's about time I come on.
Now, I've got Owen behind the screen today because he actually, I think a few people got the hints from previous episodes, but purchased a property like a real adult recently. So we are going to dive right into all the things that were involved in the process, what he learnt, what he did wrong, why he ripped up his carpet and, yeah, how his rabbits are enjoying the new house. So, yeah, this episode... I'm going to be asking Owen the questions and he's going to be providing his wonderful wisdom on the whole process.
So we should probably mention that this is actually, yeah, you said behind the screen, we're actually recording this for our YouTube channel. So if you do want to watch it and you do want to see the inside of this house, this masterpiece of a work in progress, you can. It's recorded via video. Anyway, you're the host, not me. So I'll just get back to being the guest.
Wonderful. Well, first question was, what factors were involved in your decision to finally start looking for a house? Because that certainly surprised me, given your affinity for shares. And I even have had a question from one listener on why does Owen hate property so much? So it was it was a bit of a change.
Interesting, interesting. I feel like that, is that anonymous? Did you make that listener up or is it actually a listener? No, real question, I saw. Thank you, dear listener, for that question. So, Kate, I don't hate property, but I think the Australian dream, quote unquote, is not necessarily all it's cracked up to be. So I think if I could be a bit nerdy, if you pull apart, I guess the increase in wages, which is a real thing, but if you pull apart, say, interest rates, which have fallen dramatically, and if you pull apart a little bit of the migration and what have you, I think you'll find that property prices probably wouldn't have done anywhere near what they've done so far.
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Chapters
8 chapters
1
What motivated Owen to buy his first home during COVID-19?
0:00–2:01
2
What sacrifices did Owen make to save for his home purchase?
2:01–4:43
3
How did Owen prepare for the home buying process?
4:43–7:30
4
What factors did Owen consider when choosing a property?
7:30–9:57
5
What challenges did Owen face with financing and mortgage brokers?
9:57–12:06
6
What lessons did Owen learn about property investment?
12:06–14:13
7
How did COVID-19 impact Owen's home buying journey?
14:13–15:31
8
What advice does Owen have for first-time home buyers?
15:31–34:48
Speakers
3 identifiedMore from Australian Finance Podcast
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