He Did Everything Right and Still Lost $70K | The First Home Buyer Trap
About this episode
A first-home buyer did everything right but still lost $70,000 due to rising costs and government grant limitations.
A first-home buyer did everything by the book and still lost $70,000 in three and a half years. Nick walks through the real numbers on a $495,000 boutique apartment in Carnegie, from strata fees that more than doubled to the government grants you can only use once, and what it actually cost when it came time to sell.
People in this episode
Hosts: Nick Reilly, Jason Robinson
Topics covered
- first home buyer
- real estate
- financial loss
- government grants
- strata fees
- selling property
Keywords
- first home buyer
- real estate loss
- Carnegie
- strata fees
- government grants
- selling costs
Mentioned in this episode
Products: $495,000 boutique apartment
Places: Carnegie
More episodes of The Numbers Game
- Are You on the ATO's Radar? | The Biggest Audit Triggers in 2026
- $5.4 Trillion Is Changing Hands | Is Your Family Ready for the Tax Bill?
- Leaving Australia for Tax Purposes? The ATO Already Knows Your Plan
- AI Agents Are Here and Your Business Needs a Plan
- Why Income Alone Doesn't Build Wealth
- Your Beer Is Taxed More Than Our Gas Exports | We Did the Numbers on What Could Have Been
Explore listener stats, chart rankings, contacts and more on the The Numbers Game podcast page.