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

In this seasonal episode of the Home Buyers Australia Podcast, Jack Corbett and Damien Walker discuss the opportunities and challenges of buying property during the Christmas period. They highlight why the festive period can be a strategic time to buy, with reduced competition, motivated sellers, and the potential for negotiating a better deal. This time of year brings a unique set of challenges. Our hosts address the logistical hurdles, including limited listings, conveyancers and banks shutting down, and the importance of planning ahead.

Jack and Damien provide actionable tips for navigating the end-of-year property market, such as securing a fully assessed pre-approval, being prepared for extended settlement times, and working with your property team to align expectations during the holidays. They also emphasise how stale listings and motivated vendors can present unique opportunities for buyers willing to look outside their price range. If you're looking to secure a property before the new year or prepare for the January market, this episode is packed with practical insights to help you make informed decisions.

In this episode, you will learn:

• Why the Christmas season can be a buyer’s market.
• How to identify and negotiate with motivated sellers.
• The importance of securing a fully assessed pre-approval to avoid delays.
• Why understanding conveyancer and bank holiday schedules is critical.
• How to approach stale listings and uncover hidden opportunities.
• The importance of aligning timelines with all stakeholders to avoid setbacks.
• How to strategically plan for the new year and position yourself as a serious buyer.

TIMESTAMPS:

00:00 Introduction

00:23 Why Would Anyone Buy Before Christmas?

02:29 Motivated Sellers and Flexible Vendors

05:28 The Challenges of Buying During the Holiday Period

08:21 Navigating Pre-Approvals and Bank Delays

09:36 Looking outside your price range

19:50 Buying early in the New Year

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, hosts Jack Corbett and Damien Walker share their top 10 essential tips for navigating the home-buying process. Whether you're a first-time buyer or a seasoned investor, Jack and Damien’s honest advice will save you time and stress on your mission to purchase your next property. From being realistic with your budget, getting on the same page as your partner and taking a break when it gets too much, these are nuggets you don’t want to miss.

In this episode, you’ll hear about
- The difference between what you’re approved to borrow and what you can afford to repay
- The importance of saving strategically and sticking to a budget.
- Why getting pre-approval is a non-negotiable first step
- The value of thorough market research and how to uncover real property prices.
- Identifying your "non-negotiables" and separating needs from wants.
- The importance of asset selection and planning for the long-term
- Strategies for staying calm, focused, and positive throughout the home-buying journey.

TIMESTAMPS:
00:00 - Introduction
00:44 - Setting a Realistic Budget
06:21 - Why Pre-Approval is a Must
10:54 - Researching the Market
13:12 - Defining Needs vs. Wants
21:15 - Strategies for Staying Calm and Focused During the Search

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, Damien Walker and Jack Corbett discuss buyer’s remorse that can sometimes plague property purchasers. They explore the usual causes of buyer’s remorse, share personal experiences and client stories, and share strategies to keep post-purchase regret at bay. With practical advice on planning, budgeting, and managing expectations, Damien and Jack aim to equip listeners with the tools they need to make confident and well-informed decisions when purchasing a home. They also touch on the importance of due diligence, having a clear plan, and seeking professional guidance to navigate the complexities of the property market.

In this episode, you will learn:

• The main causes of buyer's remorse, including financial strain and unrealistic expectations.
• How to align property purchases with lifestyle needs to avoid future regret.
• The importance of budgeting and planning for life changes, like family expansion.
• The role of due diligence, such as building inspections and contract reviews,
• How buyer's agents can help you stay logical and avoid emotional decisions.

TIMESTAMPS:

00:10 - Introduction to Buyer’s Remorse and Common Concerns
02:30 - Managing Expectations and Finding the Right Fit
04:50 - A real-life example where lifestyle trumped property goals
11:03 - Planning Ahead: future proofing your property play
16:45 - Due Diligence and Preventing Renovator’s Remorse
22:25 - The Role of Professional Guidance and Emotional Decision-making

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 Corbett guides us through the challenge of auction bidding, providing valuable insights to help first-time buyers and seasoned bidders alike. Auctions can be intimidating, but Jack breaks down the process step-by-step, offering practical tips and strategies to boost confidence and avoid common pitfalls. From understanding the psychology of auctions to preparing well in advance and bidding confidently on the day, this episode is packed with actionable advice to help you get the right result.

Key Points Covered in the Episode:

• The psychology of auctions: how rhythm and pace influence buyers.
• Importance of having a clear plan and a firm price limit.
• Pre-auction preparation, including due diligence and contract review.
• How to bid confidently and avoid signaling your limit.
• Navigating scenarios where bidding doesn’t reach the reserve price.
• Why visiting other auctions can build confidence and familiarity.

TIMESTAMPS:

00:49 - Understanding the psychology of auctions: why they're designed to test you
02:05 - The importance of pre-auction preparation
06:34 - Setting your price & your stretch limit
11:53 - Projecting confidence: strategies for successful bidding
13:19 - Navigating reserve prices and post-auction negotiations
16:46 - Competition reflects value: interpreting market interest

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 Homebuyers Australia Podcast, hosts Jack Corbett and Damien Walker dive into the crucial role of family support in the Australian property market, focusing on the ever-growing trend of the "bank of mum and dad." As property prices continue to rise, many first-time buyers are turning to their families for financial assistance. From gifting funds to acting as guarantors, this episode provides valuable insights into how family support can be a game-changer in securing your dream home.

You’ll hear all about:

• The growing trend of family assistance in home buying and its impact on the market
• The pros and cons of gifting funds and guarantor loans
• Why legal advice is crucial in protecting both parents and children
• Strategies to mitigate risks and ensure financial stability in family-assisted purchases

TIMESTAMPS:

00:00 - Explaining the Bank of Mum and Dad

03:17 - The Benefits of the Bank of Mum and Dad

05:22 - Deposits, Banks and Lender’s Mortgage Insurance

08:34 - Demonstrating Financial Responsibility and Good Financial Habits

11:00 - Tips for educating parents about the risks and responsibilities of being a guarantor

13:57 - Strategies to Reduce the Risks Associated with Guarantor Loans

17:05 - Avoiding Lender's Mortgage Insurance

19:00 - The Importance of Maintaining Open Communication

21:00 - Balancing Family Involvement and Setting Boundaries

23:00 - Real-Life Examples and Final Thoughts

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