A perfect time to buy
Now is the perfect time to buy a new house and land package, with the Federal Government’s recent announcement offering stimulus grants for new home buyers.
The Corona virus has presented challenges for many of us, however for those who have a secure job and their finances organised, right now is a great time to buy, particularly if you are a first home buyer.
When all your friends tell you it’s the right time or when the media tells you it’s time, this can sometimes mean you’re driven by FOMO (fear of missing out) which çan mean the property you buy is over-priced or possibly not really right for you…but there has neverbefore been a time like this when as a first home buyer you may be eligible for several grants totalling $55k,
Great land opportunities with LWP
New home buyers have some great opportunities to snap up new house and land packages at LWP’s Banksia Grove, Trinity (Alkimos), the very sought after Ellenbrook and The Vines north of the river, and in the south, The Glades (Byford), Oakebella (Wellard), Kara (Treeby) Ambia (Southern River) Mahala (Forrestdale)
Federal and State grants to help
There are some rules, and both grants are available between 4 June 2020 and 31 December 2020.
For the Federal Homebuilder grant, singles need to earn $125,000 a year and couples under $200,000. Building contracts must be executed between 4 June and 31 December 2020, and construction (at least a build of $150,000), must be contracted to commence within three months of the contract date.
For the State Building Bonus, a grant of $20,000 is available for eligible applicants who enter into a contract to build a new home on vacant land between 4 June 2020 and 31 December 2020.
Range of and north and south
LWP has land in sought after, high quality sustainable communities close to major infrastructure around Perth. There are a fantastic range of housing options available with quality architecture, mixed-use centres close by with landscaped parks and open spaces near schools, shopping centres and transport.
Best time for first homebuyers to buy
First-home buyers who act now would likely benefit over the longer-term and would be able to contribute to and support the economy. For those in a position to take advantage of current market conditions and the Government’s stimulus offer, now is the time to organise your finance and start making offers.
It's almost like a perfect property storm; with record low interest rates, improving borrowing capacity and the new government incentives, now really is the time to buy a brand new home!
It’s also a smart move and good for our economy, which is vital at the moment.