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Friends With Money #86: Top 5 property tips for buyers in 2023

With property prices falling and interest rates rising, what's a first-time property buyer to do?

This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Daisy Stevens, head of lending operations at Finspo, about the top five things you can do to get into the property market.

  • Where do you start?
  • Who should you talk to?
  • What are your options?
  • Build the team

Listen to this episode of Friends With Money

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Watch on YouTube for closed captions

Subscribe to Friends With Money

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Friends With Money podcast FAQ

What is the Friends With Money podcast?

Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.

Where can I listen to the podcast?

You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).

Who hosts Friends With Money?

Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.

Is the podcast suitable for beginners?

Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.

What topics does the podcast cover?

The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.

How often are new episodes released?

New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.

Can I watch episodes with captions?

Yes, full episodes with closed captions are available on YouTube.

Why subscribe to the Friends With Money podcast?

Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.

Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.

Subscribe to the Friends With Money podcast today and start learning when it suits you.

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Comments

One response to “Friends With Money #86: Top 5 property tips for buyers in 2023”

  1. Stella OConnell says:

    Thanks Michelle and Daisy, for an enjoyable and friendly podcast. I wanted to share a tip which might be helpful to people who, as I was, are scared of the commitment of buying a house and taking on what seems like a massive debt. Years ago we were renting, but had saved a reasonable deposit. To really prove to myself that we could afford to buy, I worked out what the monthly mortgage repayments would be for the kind of house we were looking at buying. I even allowed for a 2% rise in interest rates (just in case!). Then every month, when we paid the rent, I 'paid' the difference between that and the theoretical mortgage amount into a separate high interest savings account. After we hadn't touched that money for about six months, I felt comfortable about taking the big step and we bought our house!! Ten years later, I think my approach really helped me avoid worrying about the mortgage hanging over our head. As a friend once said, try not to be daunted by the big debt: just set up your auto-payments, think of it as 'renting to yourself ' and you'll be right! Worst case you can sell the property again. We're currently gearing up to renovate, which is so exciting! Good luck to all the would-be buyers out there!

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