Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we explore the true cost of owning property in 2025. We unpack how most people fixate on mortgage repayments without considering the broader financial landscape—rising interest rates, land tax hikes, government unpredictability (especially in Victoria), and ongoing maintenance or compliance costs. We examine hidden costs like body corporate fees, off-the-plan construction risks, and the opportunity cost of tying up capital in underperforming assets. Throughout the episode, we reflect on how property ownership can still be a powerful wealth-building tool if approached with foresight, strategy, and solid financial buffers. We also share personal anecdotes, hard truths, and a few laughs while emphasizing that success in property comes from being prepared, not just optimistic.
Tune in to uncover the real costs of property ownership in 2025 and learn how to make smarter financial decisions before you buy.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706
Episode Highlights
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Why mortgage repayments are just the tip of the iceberg when it comes to property costs
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The hidden impact of rising interest rates on long-term affordability
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How government charges like land tax and stamp duty can shift unexpectedly
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The financial and emotional cost of maintaining and renovating a property
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Key risks with off-the-plan purchases and construction delays
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The importance of emergency buffers and realistic budgeting
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Why strata and body corporate fees can catch owners off guard
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How opportunity cost plays a major role in long-term property decisions
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The difference between how much you can borrow vs. how much you should
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Why property is still a powerful wealth-building tool
