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Avneet Kapoor
Anuj
Morrison
One month in and the First Home Loan Deposit Scheme has already attracted more than 5500 keen first-time buyers – and the race is on for purchasers hoping to be approved before the 10,000 coveted places are snapped up.
Although the Federal government’s scheme has attracted both positive and negative attention from inside and outside the property industry, when it comes to those first-home buyers who’ve signed up, the good news is in. Apply now, buy later
Despite the fact that more than half of the FHLDS spots have already been allocated through major banks (mostly the Commonwealth Bank and National Australia Bank), and hundreds of applications and inquiries are being made each week, there is still time for first-home buyers to apply according to Glen Spratt, managing director of non-bank lender Mortgageport.
“There are still spots available with the smaller panel of 25 lenders,” he said.
“And that’s really what the scheme was supposed to be all about – creating more competition in the lending space,” he explained.
Mr Spratt said the key message to first-home buyers seeking access to the scheme right now is to not just focus on the big banks, but consider talking to one of the other 25 lenders working with the FHLDS. Read more:x
First Home Loan Deposit Scheme: Why persistence is...
Despite government help, things can still look pretty tough if you are a first-home buyer, but all you need is a little persistence and the right advice to find your dream address.
www.realestate.com.au
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9 Views
1D ago
Justprop Team member
Sale
Property buyers can expect some respite from surging Sydney home prices in March and April as homeowners bring more properties to the market.
The current low listings environment has been a significant driver of the 10.5 per cent jump in home prices recorded over the past six months.
There are currently fewer Sydney homes for sale than in Brisbane, despite the Harbour City being double its size, and current listing volumes are down a quarter from this time last year.
Demand, meanwhile, skyrocketed following two cash rate cuts last year and relaxed lending policies from banks. Property buyers can expect some respite from surging Sydney home prices in March and April as homeowners bring more properties to the market.
The current low listings environment has been a significant driver of the 10.5 per cent jump in home prices recorded over the past six months.
There are currently fewer Sydney homes for sale than in Brisbane, despite the Harbour City being double its size, and current listing volumes are down a quarter from this time last year.
Demand, meanwhile, skyrocketed following two cash rate cuts last year and relaxed lending policies from banks. The low supply, high demand environment was a particularly heavy blow for auction buyers – upward of 40 bidders have been registering for some Sydney auctions this year, resulting in record prices.
But housing experts said the bumper prices were emboldening owners to finally list, which would take pressure off of buyers – many of who have been searching for a home since last year. Details inside:x
Buyers to get welcome relief next month as more ho...
Sydney’s extreme seller’s market may not last too much longer, with property experts pointing to a coming change that will help buyers claw their way back into the market.
www.realestate.com.au
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40 Views
1D ago
Anuj
Sydney
You can still snap up properties near the beach for “first home buyer” prices — as long as you’re prepared to travel at least an hour north of Sydney.
Research showed the Central Coast was the only major region within the Greater Sydney area where prices are lower than they were last year, with prices in pockets of some beach suburbs down 15 per cent or more.
Beachside suburbs have some houses for under $650,000 — low enough for first home buyers to draw government benefits such as a discount on stamp duty.
Buyer’s agent Peter Kelaher said the coast market was weaker because there was less competition for properties compared to Sydney.
The biggest price drops were in Wamberal, Ettalong Beach and Bateau Bay.
Wamberal, which shares a beach with tourist favourite Terrigal, saw its median apartment price drop 38 per cent to $645,000, sales data from realestate.com.au revealed. Read more:x
Home prices under $650,000: cheapest beach suburbs...
Sydney home seekers can still bag homes in beach suburbs for under $650,000 if they’re willing to make some compromises, sales research reveals.
www.realestate.com.au
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11 Views
1D ago
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