New changes to the Home Guarantee Scheme. The federal government has recently announced some new changes that will take into effect from 1st July 2023 aiming to help more Australians own a home sooner by expanding the Home Guarantee Scheme (HSG) criteria. The HSG is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government and...
Understanding floor plans aren't always easy, particularly if you don't work in real estate. Viewing a floor plan and selecting the right one can be difficult if you can't visualise how it will look when it's finished building.At Crest Property Investments, we are buyers agents who aim to simplify the buying process, including finding it, negotiating price and presenting a solution that is right for you....
Building on a sloping block. Sourcing the perfect block of land to build your brand new home can be challenging. Will the frontage allow for the home you want? Is the property long enough to have an alfresco and/or backyard? Is the block in the right location and within budget? These are just some of the many considerations to figure out. What should you do if the block of your dreams is on a slope? In...
What to consider when choosing a construction loan. If you want to build a new house or perhaps update your existing property, this generally funded through a construction loan. It is quite common that many of our clients want our help sourcing a house and land package. In this market insight we aim to highlight some things to consider when choosing a construction loan. What is a construction...
Obtaining a building and pest inspection. As property advisers, we help source brand new and off the plan opportunities. It is an essential part of our client service to encourage all buyers to employ a building and pest inspection. In nearly 99% of cases, brand new properties detect any pest control issues, however its always recommended prior to settlement. These inspections are very feasible and ensures...
Common risks when building a custom home. When building your dream home, it can be both one of the most exciting times of your life and one of the scariest. Both for good reason. This can be a self rewarding experience provided you set out with good intentions and a realistic approach. For many homeowners, this isn’t always the case. In this market insight, we take the opportunity to share some...
From 1st July 2022, many home lenders will offer the federal government's low-deposit housing scheme assistance program. From 1 July, 40,000 new places under the Federal Government’s Home Guarantee Scheme (HGS) will become available to help Australians to buy their own home. To be eligible for the HGS you need to qualify with the below: Your household income must be less than $125,000 for...
The benefits of a rear loaded home. There are many house designs created to cater many different forms of land sizes. Pricing affordability has also introduced a number of different house and land packages to meet buyer's budgets. Rear loaded homes are one of these great solutions that are being warmly received by buyers. What is a rear loaded home? A rear loaded home is when a garage is situated at...
What is a planning permit? In this market insight we discuss the planning permit process and why its an important aspect to any new build. There are many planning permits that apply to both residential, commercial and various home imprisonments or renovations. In this market insight we will discuss the aspect of managing a brand-new home on a vacant block of land. Prior to commencing a home build, you'll...
Single storey vs double storey homes. This is a question asked by a number of our clients. When buying a house and land package, there are a large variety of choices to select from, both internally and externally. If the buying intention is to purchase a home to occupy or to invest, no one person settles on the same type of home. In this market insight, we discuss the difference between a single storey...