Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we walk through the reality of property ownership in today's market. We discuss why mortgage means "life debt" in Latin and whether that's more accurate than ever. We cover getting pre-approvals, understanding what you can actually afford versus what banks will lend you, and strategies like rentvesting that never existed before. We explore government schemes, stamp duty concessions, and the debate around paying mortgage insurance now versus waiting to save a larger deposit. We also break down the practical steps: setting auction limits, getting building inspections, using buyer's advocates, and making sure you have money left over after settlement.

Thinking about taking the plunge into property? This episode gives you the framework to make the decision that's right for you.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Is property ownership the right strategy for you?

• Pre-approvals: borrowing capacity vs actual affordability

• Government schemes and stamp duty concessions

• Paying mortgage insurance now vs saving for 20% deposit

• Rentvesting and alternative property strategies

• Setting auction limits and using buyer's advocates

• Building inspections, contract reviews, and insurance

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