In this episode of the WA Property Q&A podcast, Peter explores the complex world of property buying in Western Australia, focusing on assistance available to first home buyers. Joined by Franca Jankowski, a leading senior conveyancer, and Andy Lo, a top-tier finance broker, the discussion covers various grants, including

• the first home owner grant,
• government guarantee scheme,
• and stamp duty concessions.

They delve into market challenges such as borrowing capacity limitations, competitive landscapes, and rising property prices. Practical advice is provided for potential buyers on making informed compromises, utilizing schemes like the first home super saver scheme, and navigating bank loans.

Chapters:

00:00 Introduction to WA Property Q&A Podcast

00:47 Meet the Experts: Franca Jankowski and Andy Lo

01:38 Challenges for first home buyers

04:48 Grants and financial assistance for first home buyers

07:12 Government schemes and eligibility criteria

14:16 Super Saver Scheme: pros and cons

18:58 Impact of tax cuts and interest rates on property market

22:39 Eligibility criteria for first-time buyers

23:52 Stamp duty vs. Land tax debate

27:01 Challenges for first-time homeowners

31:58 Improving borrowing capacity

39:48 Risks of cash offers and Pre-approvals

44:35 Final thoughts and contact information

Links and Resources:

Rezzi Website: https://rezzi.com.au/

Aussie Home website: Andy Lo | Mortgage Broker in Victoria Park, WA | Aussie Home Loans

Subscribe on these channels:

Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149

Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY

Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298