As housing costs continue to rise and traditional financing options become increasingly out of reach for first-time buyers, finding an accessible pathway towards homeownership has become a real challenge in today's property market.

These challenges often make it hard for people to buy a home, especially if they don't qualify for first home buyer schemes or are unable to rely on family to support their break into the housing market. It can feel like their dream of owning a home is slipping away, hence the need for fresher and more innovative solutions.

Today, we have a chat with Evan Thornley, CEO of Longview — also a distinguished technology and social entrepreneur. With over seven years of dedicated efforts towards addressing Australia's housing issues, Evan shares his insights on making homeownership more accessible.

Curious about alternative ways to buy your first home? Listen as Evan shares his expertise on shared equity strategies, offering insights that could change your approach to homeownership. Be informed – tune in now!

Episode Highlights:

00:00 - Introduction

02:23 - Who is Evan Thornley?

03:05 - The Shared Equity Scheme

07:37 - Where does the money come from in a shared equity scheme?

10:54 - The difference between shared equity scheme and other government schemes

13:44 - Balancing homeowner empowerment and investor interests

16:00 - Who is qualified to take advantage of the shared equity scheme?

21:19 - What is the share for the investor vs the buyer?

27:06 - Factors to consider when making financial decisions in the context of buying property

30:30 - Securing investor interests in property transactions under the shared equity scheme

32:21 - In different scenarios where the property is unsold, how is investment repaid?

36:15 - Finding financial advice in a limited advisor market: what are the options?

41:07 - What Evan Thornley wishes he knew as a first home buyer

About Our Guest:

Evan Thornley is a technology and social entrepreneur who, with 30 years of property investment experience in Australia and the US, has been dedicated to finding solutions for Australia's housing problems for the past seven years. Starting from the ground up, he built a firm focused on acquiring and managing investment-grade residential properties, which has since evolved into LongView—a recognised industry leader in residential property buying and management. LongView is at the forefront of pioneering the development of a funds management industry in the existing dwelling asset class. With his extensive experience, Evan brings a wealth of knowledge to address the intricate challenges within Australia's housing landscape.

Connect with Evan Thornley:

• Facebook: https://www.facebook.com/evan.thornley/?mibextid=ZbWKwL
• LinkedIn: https://www.linkedin.com/in/evanthornley

Resources mentioned in this episode:

• LongView Buying Boost https://longview.com.au/buying-boost

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
• If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast  [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
• Work with Meighan: https://www.linkedin.com/in/meighanwells/

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!

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