In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker address the topic of gazumping—a funny word for a frustrating and all-too-common experience in the property market. Listen in as Jack and Damien explain what steps buyers can take minimise risks and increase their chances of securing their dream home.

If you're in the market for a new property in Australia, this episode is packed with expert advice to help you navigate the process smoothly and avoid last-minute complications. From acting quickly to performing thorough due diligence, Jack and Damien share the insider info that every smart buyer should know.

In this episode, you’ll hear:
- What gazumping is and how it can derail your property purchase.
- Why a verbal or written offer isn’t binding until contracts are exchanged
- Tips on assembling a “super team” of professionals to support your property purchase.
- How to assess building and pest reports and decide when to invest in your own inspection.
- The role of pre-approvals in strengthening your offer and avoiding delays
- Steps to researching and risk assessing your potential property

TIMESTAMPS:
01:01 What is gazumping?
03:34 The agents’ role and common mistakes
07:53 Why buyers need to act quickly
08:27 A low risk strategy to avoid missing out
12:30 Agents will favour your offer if you’re prepared
15:16 Role of Pre-Approvals
19:10 Reviewing contracts early to identify potential issues
20:04 Can you trust building and pest reports?

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

• Facebook: https://www.facebook.com/homebuyersaustralia
• Instagram: https://www.instagram.com/homebuyersaustralia
• TikTok: https://www.tiktok.com/@homebuyersaus
• YouTube: www.youtube.com/@HomeBuyersAus

If you are self-employed, working as a contractor or thinking of starting a business, this episode of the Home Buyers Australia Podcast is a must. Jack Corbett and Damien Walker outline the challenges to securing finance for entrepreneurs, business owners and independent contractors. They offer advice for strategic and tax planning and share three approaches that could help you to streamline the process. Our hosts explain why it is important to get your accountant on board, why timing is everything and how you can get your finances in shape to get the lending you need and the property you want.

In this episode you’ll learn

• Why forward planning is crucial for business owners, especially when preparing tax returns to maximise borrowing potential.
• The benefits of the Director Salary Policy, a simplified approach for verifying income without relying on full company tax returns.
• How One-Year Financial Policies can help new businesses or those recovering from challenging periods like COVID to secure loans faster.
• What Low Doc Loans are, and when to use them, including their pros, cons, and how they provide flexibility for unconventional income scenarios.
• Tips for making smart financial decisions as a business owner, including realistic income declarations and leveraging the right loan products for your situation.

TIMESTAMPS:

00:00 Introduction
00:35 Understanding the Differences: Self-Employed vs. PAYG Borrowers
02:15 Forward Planning for Business Owners
08:00 Director Salary Policy: Simplifying Income Verification
12:36 One-Year Financials Policy: A Lifeline for New Businesses
19:05 Low Doc Loans: Pros, Cons, and Best Use Cases

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

• Facebook: https://www.facebook.com/homebuyersaustralia
• Instagram: https://www.instagram.com/homebuyersaustralia
• TikTok: https://www.tiktok.com/@homebuyersaus
• YouTube: www.youtube.com/@HomeBuyersAus

In this episode of the Home Buyers Australia Podcast, Jack and Damien break down the unique dynamics of the property market during January. They discuss the opportunities for buyers as motivated sellers list their properties, while many potential buyers are still in holiday mode. The guys highlight why January can be a great time to buy, once the property ticks your boxes. They share market insights and their expectations of an interesting year ahead. If buying a new home is on your 2025 to do list, this episode will set you up for success.

In this episode, you will learn:

• Why January presents unique buying opportunities.
• How to identify motivated sellers and negotiate effectively.
• Managing New Year energy to avoid emotional buying decisions.
• How to plan for the year ahead and understand market cycles.
• How to avoid pressure & buy for the long term

TIMESTAMPS:

00:00 Intro

00:45 New Year market dynamics for buyers who mean business

02:35 Waiting for a better deal can lead to missed opportunities

05:00 Serious sellers can mean good deals for January buyers

08:00 Market speculation and timelines for the year ahead

13:00 Buy your home for a long term hold

18:45 Avoiding the pressure to overpay

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

• Facebook: https://www.facebook.com/homebuyersaustralia
• Instagram: https://www.instagram.com/homebuyersaustralia
• TikTok: https://www.tiktok.com/@homebuyersaus
• YouTube: www.youtube.com/@HomeBuyersAus