The Big Things We Wish We Knew as First Home Buyers
Tue Feb 03 2026
A property that ticks every box. A sunlit living room that opens onto a leafy backyard. A quiet street that’s somehow still walking distance to the best cafés and the train station. For many Australians, that’s the dream first home—the one that feels like it was made just for you.
But here’s the truth: relying on luck to find "the one" could be the reason you end up with a property that hamstrings your future.
In this episode, Veronica and Meighan pull back the curtain on their own first property purchases. They get vulnerable about the cringeworthy "rookie mistakes" they made—from buying with emotional blinkers on to getting lucky in a rising market without having a real strategy. They explain why your first home is the foundation of your entire journey and why one misstep today can cost you a decade of progress tomorrow.
You’ll learn how to tell a "smart" buy from a "lucky" one (hint: luck isn't a strategy you can repeat), why generic advice from ChatGPT or well-meaning family can lead you down the garden path, and how to identify the opportunity cost of a bad first purchase.
From the dangers of buying in the wrong market cycle to the power of the PACE mindset, this episode will give you the 20/20 hindsight we had to earn the hard way—and give you the clarity to move from a "hope and pray" buyer to a confident, strategic homeowner.
Episode Highlights00:00 — Introduction: The Excitement and Pitfalls of Buying Your First Home
01:56 — The Importance of Process and the PACE System
04:30 — Exposing the Worst Advice First Buyers Get
11:08 – Understanding Property Value and Pricing
13:15 — Renovation Realities and Regrets
15:55 — The Role of Real Estate Agents
17:33 — Financing and Hidden Costs
22:13 — Long-Term vs. Short-Term Planning
25:40 — The Impact of Your First Property on Future Purchases
27:56 — Conclusion: Luck is Not a Strategy
Course Details:THE First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process – It’s the next best thing to having your own buyer’s agent. With our expert guidance, you’ll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG
If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!
Subscribe on YouTube: https://www.youtube.com/@TheFirstHomeBuyerCourseSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
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A property that ticks every box. A sunlit living room that opens onto a leafy backyard. A quiet street that’s somehow still walking distance to the best cafés and the train station. For many Australians, that’s the dream first home—the one that feels like it was made just for you. But here’s the truth: relying on luck to find "the one" could be the reason you end up with a property that hamstrings your future. In this episode, Veronica and Meighan pull back the curtain on their own first property purchases. They get vulnerable about the cringeworthy "rookie mistakes" they made—from buying with emotional blinkers on to getting lucky in a rising market without having a real strategy. They explain why your first home is the foundation of your entire journey and why one misstep today can cost you a decade of progress tomorrow. You’ll learn how to tell a "smart" buy from a "lucky" one (hint: luck isn't a strategy you can repeat), why generic advice from ChatGPT or well-meaning family can lead you down the garden path, and how to identify the opportunity cost of a bad first purchase. From the dangers of buying in the wrong market cycle to the power of the PACE mindset, this episode will give you the 20/20 hindsight we had to earn the hard way—and give you the clarity to move from a "hope and pray" buyer to a confident, strategic homeowner. Episode Highlights00:00 — Introduction: The Excitement and Pitfalls of Buying Your First Home 01:56 — The Importance of Process and the PACE System 04:30 — Exposing the Worst Advice First Buyers Get 11:08 – Understanding Property Value and Pricing 13:15 — Renovation Realities and Regrets 15:55 — The Role of Real Estate Agents 17:33 — Financing and Hidden Costs 22:13 — Long-Term vs. Short-Term Planning 25:40 — The Impact of Your First Property on Future Purchases 27:56 — Conclusion: Luck is Not a Strategy Course Details:THE First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process – It’s the next best thing to having your own buyer’s agent. With our expert guidance, you’ll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey! Subscribe on YouTube: https://www.youtube.com/@TheFirstHomeBuyerCourseSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825 Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f