Should I buy my forever home now, even if I’m not quite ready for it yet? That’s the question we’re unpacking in this episode. We’ve come across a few first home buyers who are in the rare position of being able to afford more than they need, and it’s worth talking about. Because while the budget might say “forever home,” the lifestyle might be saying, “not just yet.”

We talk through the big trade-offs: the costs of upgrading later, the benefits of locking in today’s prices, and the risk of buying something that doesn’t really work for you right now. We’ve seen buyers try to plan five or ten years ahead, and sometimes get it wrong. So we’re sharing the questions you need to ask yourself before making a call: should I buy my forever home if I might not live in it for years? What would future-me want? And will this decision give me more flexibility or less?

We also cover rentvesting, tax considerations, and the emotional side of home buying, because let’s face it, excitement and FOMO can be sneaky decision drivers. This episode isn’t about telling you what to do, it’s about helping you think it through properly, with a bit of strategy and some guidance from people who’ve seen it all before.

If you’ve been wondering, should I buy my forever home now, this one’s for you. There’s no one-size-fits-all answer but there is a smarter way to figure it out.

Episode Highlights:

00:00 - Introduction

02:00 - Defining the “forever home” vs. “first home” mindset

04:10 - Buying now for a future lifestyle: projecting 5 to 10 years ahead

05:30 - Weighing the cost of upgrading later

07:50 - Capital growth and locking in today’s prices

10:00 - The rentvesting alternative

13:10 - Risks of lifestyle misalignment

16:30 - Tax and insurance considerations for rentvesting

18:20 - Emotional vs. strategic buying

20:00 - Why you need a strategic plan and expert advice

21:30 - Questions to ask before buying your forever home early

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/@TheFirstHomeBuyerCourse
• Subscribe 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

See omnystudio.com/listener for privacy information.