#8 Mitchell Scale | All about Land

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