First home buyers will get the largest incentives ,including the Federal grant of $25,000, the State government $20,000 grant plus the First Home Owners Grant (FHOG) of $10,000. In addition to this they will also get stamp duty concessions, taking the total incentives close to the value of $60,000. With low deposit home loans making it easier and more affordable to get started its a very attractive time to be a first home buyer.
So why must buyers beware?
First home buyers are likely to need every penny of these incentives, should they choose to build in the usual first home buyer suburbs, which are traditional on the outskirts of Perth . Established property prices in some of these locations have been decimated, from five years of negative growth. In some areas you can purchase an established home for less than you can build a new home.
So why is this the case?
There are any number of reasons.....
At Piran Property Group we are advising our first home buyers to purchase land and build in established areas. By choosing a good location, the money from your government incentives could become instant equity in your home. This means you not only get a new home but, the money as well. This will ensure a better outcome for your family not just today but for years to come.
Avoid squandering this opportunity!!!
If you are looking for affordable land to build we have many options right now that are ready to go.
Contact us today for a chat about our affordable house and land options in established locations.
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