There is good news out of Canberra with the announcement of the $680 million HomeBuilder package. The Federal Government introduced its HomeBuilder package on 4 June 2020. The HomeBuilder package The big winners are owner occupiers and first home buyers. The government is prepared to compensate owner occupiers and first home buyers if they choose to buy a new or off-the-plan property in the remainder...
Are you ready to build a new property? Is it for investment or to occupy? Regardless of the purpose, how do you choose the right builder is critical to gaining longevity, low maintenance and a well-presented property. How to choose the right builder Your motive may differ from others. You may want to miminise some costs for an investment property or you may want superior workmanship to raise your family....
It is finally official. The Government has established a new policy called the mortgage guarantee scheme, which is aimed to help first home buyers enter the property market. The mortgage guarantee scheme will offer first home buyers the opportunity to purchase a property with just a 5% deposit subject to eligibility. The scheme will essentially boost up to 10,000 first home buyers each year on low and...
When buying a place to live we are spoiled with choice. Do you buy a cheaper old home that needs fixing or do you pay top dollar for a newly renovated home? Building a brand new home is a particularly popular choice. This is very evident with first home buyers and owner occupiers looking to live in a home for a long period of time. Here is a list of reasons to build your own home: Longevity -...
The housing market in Victoria has experienced some price reductions in the last 12-18 months, but here are several good reasons why it is about to turn around and why now might be the best time to buy property. Reasons why it's time to buy property: Reserve Bank of Australia announced a 0.25 per cent rate cut in June 2019. With a further hint of seeing another rate cut as early as next month....
New properties have become quite environmentally responsible or eco-friendly. They also feel good when you walk into a new place. Buying a new property, regardless if it’s an Apartment, House, Unit or Townhouse, have many in-built features that will not only please you but have you take a step further to being a little more eco-friendly. Floor to ceiling windows – many new Apartments and...
Time is the most valuable commodity. If we could by time to continue saving, while locking in a property price for the future, how awesome would that be? Purchasing off the plan buys more time. Let’s explore this idea further. Once sourcing the property that appeals to you, buying off the plan offers you the chance to purchase a property now, but settling a loan in the future (i.e. 18 months or...
Here we outline five important steps to buying your first investment property: 1. Set Your Goals To accomplish your property needs, you need to establish some primary objectives. Are you purchasing a property to generate a high rental income stream or capital growth? Is it to be held for the short or long term? Break down your objectives into a few important criterions and place a deadline and/or date...