#8 Mitchell Scale | All about Land

First Home Foundations

Despite its massive landmass, Australia is grappling with a land supply shortage that's impacting home buyers nationwide. Why is this happening?

In this eye-opening episode of First Home Foundations, Leigh sits down with Mitchell Scale, a National Acquisitions Manager, to break down the land development scene.

This episode talks about the following topics:

• The root causes of the land supply issue
• Key differences between units, townhouses, and new builds
• Essential contract clauses every first-time buyer should know

With a better understanding about land development, you will be better equipped with the knowledge to navigate the home buying process, position yourself better to deal with land development agents, and make informed decisions for your dream home.

🎧 Subscribe to First Home Foundations and find out how to turn your home-buying dreams into reality!

Episode Chapters

00:00 Getting to know the Mitchell Scale

03:05 Takeaways of being in property

04:36 Units and Townhouses

07:33 Disadvantage of A Unit or Townhouse

09:26 Unconditional Contract

11:15 Finance Clauses

12:55 Struggles for Developers

17:38 Australian Housing Crisis

18:56 Increasing House Demand

19:40 Immigration

24:26 How Immigration Helps Australia

29:34 Inflation

34:48 Housing Supply Problems

38:03 The First Home Specialists Process

43:04 Do developers hold back blocks?

44:30 Land Shortage

49:34 The Solution to Land Supply

51:13 Home Buying Journey

56:43 Saving for a home

56:15 Getting into the property market

01:05:07 The Emotional Journey of First Home Buying

01:09:33 When should you buy your property?

01:13:14 Buying a home with a low deposit

01:13:52 Investment Property

01:18:10 First Home Buying Advice