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

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