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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

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

It’s not every day that a whole village is offered for sale – especially in the heart of one of Canberra’s most popular tourism precincts. Ginninderra Village, in Nicholls, spans 11,984 square metres and comprises six single-storey buildings with a history of specialty arts and crafts, hospitality and other retail offerings. It is slap bang in the middle of one of the ACT’s biggest tourist hubs Gold Creek Village, the long-term home to popular attractions including Cockington Green, the Australian Reptile Centre, the Bird Walk, Federation Square, the George Harcourt Inn and the National Dinosaur Museum. Read more:x Historic Ginninderra Village 10 kilometres from Ca... It's got a long history as a tourist destination, and some buildings date back more than a century. www.commercialrealestate.com.au