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It’s party time for first
home buyers, with the
State Government of
Victoria announcing
changes to stamp duty
concessions for first
home buyers, effective
as of July 1, 2017.
The State Government's
announcement to remove stamp
duty costs for first home buyers
is applicable when someone
purchases a home for under
$600,000. Dacland Project
Marketing Manager, Petra Lauko
believes this will provide extra
incentive for purchasers to buy
in greenfield areas.
“The removal of stamp duty on
properties below $600,000 for first
home buyers may make a property
purchase more achievable. The
capping at $600,000 may also
provide incentive for first home
buyers to consider buying house
and land, with many greenfield
areas able to offer a brand new
four-bedroom home for under
$600,000,” said Petra.
This incentive may benefit
purchasers across Dacland
communities, however purchasers
looking to maximise benefits from
the State Government's first home
buyer incentives may consider
purchasing at Manzeene Village in
Lara, where they may be eligible for
both stamp duty savings and double
the first home owner grant.
“Manzeene Village in Lara
is one of Melbourne’s best kept
secrets offering a unique lifestyle,
with existing transport links to
both Geelong and the Melbourne
CBD which is only 50km away.
The community is close to the
well-established Lara community,
offering easy access to everyday
conveniences,” said Petra.
“First home buyers, who
purchase at Manzeene may be
eligible for both stamp duty savings
and double the first home buyer grant.”
It’s party time for first home buyers
First home buyers at Manzeene have reason to celebrate.
Just bought your first home? Why not boast about it #homebuyersboast.
""Manzeene Village in
Lara is one of Melbourne's
best kept secrets""
Petra,
Dacland Project Marketing Manager
We won’t mention
avocados or café lattes
in this article, because
we want to help. At
Homebuyers Centre,
we’re passionate about
the freedom that home
ownership offers and we
don’t believe you have to
suffer to get there.
What you should know is that
Melbourne’s outer suburbs offer
affordable housing to help you
enter the housing market, and there
is finance help out there to make
it possible. Owning your home in
Melbourne can be possible with
Homebuyers Centre, and you might
be surprised at what you can afford!
If all you’ve read about property
in Melbourne is disheartening,
here’s some food for thought:
1. #Trending now suburbs for
first homebuyers:
Geelong: Lara.
The Geelong
region is trending right now with
the recent government boost for the
First Home Owner’s Grant (now
$20,000 in regional areas). Lara,
18km north of Geelong, has been
trending over the past 12 months
– with existing schools, its own
train station and convenient access
to the Avalon airport.
Melbourne’s West: Tarneit.
The growth in Melbourne’s
Western suburbs in recent
years have enabled many first
homebuyers to enter the market
already, but as more infrastructure
is scheduled to service the
Wyndham corridor, now is a great
time to buy. The outer western
suburbs such as Wyndham Vale,
Werribee, Tarneit and Truganina
still provide affordable entry in to
the current property market. The
population of Truganina is forecast
to double to 40,000 by 2036 while
that of Tarneit will almost triple to
89,417 in the same period, according
to Wyndham City Council data.
Melbourne’s South East:
Cranbourne.
Cranbourne has
a strong family demographic
supported by significant service
provision such as sporting facilities,
a train line into Melbourne and over
20 public and private schools in the
surrounding areas. To back this up
– Property Investor and best-selling
Author Margaret Lomas told Money
Magazine that with a median price
of just $380,000 and a rental yield
of over 4.5%, Cranbourne is an area
to invest in 2017. (http://moneymag.
com.au/suburbs).
2. Parent Assist
Are you a parent wanting to help
your Millennial offspring into a
house of their own?
If your children choose to build
with Homebuyers Centre, you can
make the most of Resolve Finance’s
‘Parent Assist’ solution, which
won’t involve risking your home
just for trying to help your
family out.
Here’s how it works: Your
parents loan you up to 20% of the
purchase price. The bank provides
the rest. You repay them with
interest like any other official loan
but at half the rate of your home
loan and your parents don’t have
to go guarantor for you. Another
benefit is that you can still enjoy
the First Home Owners Grant and
stamp duty concessions and save
on mortgage insurance as a first
homebuyer.
3. My Home Plan
Been unlucky with finance in the
past? Homebuyers Centre have
partnered up with Resolve Finance
to offer My Home Plan to help you
save. You’ll be assigned a finance
coach, who will conduct a full
analysis if your current financial
situation, consider your goals and
create a personal finance plan for
you. You can update and track
your progress through our secure
website and will be rewarded for
reaching your goals along the way.
So, don’t give up.
At Homebuyers Centre, we’ve
helped over 30,000 Australians
build their own homes in the past
25 years with first homebuyers
firmly in our hearts. Try us – even
if you don’t think you can afford a
home in Melbourne, a phone call to
a New Homes Consultant might be
just what you need. 131 751
Three reasons for first home
buyers to be excited
A Real Sense Of Place / Free
Page 9 ~ Winter 2017