Friends With Money #191: Five myths about buying property

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Buying a property for the first time can be hard enough as it is, let alone with all the myths and misconceptions out there.

This week on the Friends With Money podcast, Money's Tom Watson is joined by Emily Wallace, founder and director of buyers agency Wallace Advocates, to shine a light on five major misconceptions that surround the home buying process.

  • Is buying an apartment a smart move?
  • Are all body corporates poorly run?
  • Can breaking into the market really be done?
  • Are spare rooms a 'must have' feature?
  • Is it worth paying less to avoid stamp duty?

friends with money emily wallace five myths about property buying

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney.

Emily Wallace is the founder and director of Melbourne-based buyers agency, Wallace Advocates. As a buyers agent, Emily specialises in guiding owner-occupiers through the home buying process and helping them to identity properties to live in. She is also passionate about sharing her property market expertise, both through social media and as co-host of the This is Property podcast. Emily holds a real estate licence as well as a Bachelor of Education from Monash University.