Is now the right time to buy your first home? It very well could be thanks to a storm of good fortune in the property market. Interest rates are low, population growth is strong and there are government grants that can help get your foot on the property ladder.
If you think that it could be the ideal time to find the first home of your dreams, start now and start new. Here are some reasons why.
1. Interest rates are at an all-time low
A major media talking point in recent months has been the Reserve Bank of Australia’s decision to cut the national interest rate to just 1% – after consecutive rate cuts in June and July 2019. The decision is intended to stimulate greater consumer spending, which means it’s the perfect time to get into the property market.
First-time buyers can take advantage of historically low interest rates, which will mean lower repayment terms on your home loan than have been possible in years gone by.
2. Big government grants
Like all other states and territories in Australia, the Victorian government offers eligible first home buyers a $10,000 grant as part of its First Home Owner Grant. The scheme is open to buyers either purchasing or building their first new home, so long as the value of the property is $750,000 or less. That $10,000 grant could go a long way to getting your hands on your dream home.
3. A purpose-built community
Purchasing in a master-planned community like Savana means buying a home that’s already equipped with modern amenities, great facilities and a community of like-minded buyers who are looking for a similar lifestyle.
At Savana, in particular, the close proximity to the award winning* Wyndham Vale Railway Station means you are just a short walk from world class high-quality amenities.
4. Buying new means building a lifestyle to suit you
You want your dream home to be yours, not someone else’s. And that’s exactly what you get with a new home. It’s built to your specifications and you won’t have to move in and immediately start thinking about potential renovations. You also get new plumbing and electricity, and don’t have to worry about maintenance issues in the short term.
If you want to go green, you can buy smart appliances and fixtures that are energy efficient. Plus everything new is still under warranty. A new home is a clean slate.
5. Take advantage of the AVID Home Starter Reward
For a limited time, AVID is offering new buyers a $10,000* Home Starter Reward for purchases at the boutique village community of Savana. Buying your first home is the start of an exciting chapter of your life, and a $10k reward is sure to be a welcome boost as you look to fill your brand-new home with modern inclusions.
As a boutique village address that offers an exceptional location and a true sense of neighbourhood spirit, it all comes together at Savana. You can start your new journey by purchasing land at Savana, so enquire today.
* One $10,000 (incl GST) VISA Gift Card (redeemable where accepted) or lot purchase price discount per contract on selected lots entered between 9am AEST 5/9/19 and 5pm AEDT 6/10/19 and settled by 5pm AEDT 25/10/19. For full T&C, see savana.avid.com.au/startnew/