The Federal Government has said it will allow applicants for the Federal HomeBuilder grant scheme a further three months, from March 2021 to June 2021, to commence construction.  This comes one month after the WA state government announced a six-month extension of the deadline for when construction can begin on new home builds, from June 2021 to December 2021, giving more people access to the $20,000 WA Building Bonus Grant.

The $25,000 government HomeBuilder grants are available for new home builds where the combined house and land value does not exceed $750,000. The grant is also available for renovations and knock-down rebuilds worth between $150,000 and $750,000, as long as the property’s existing value does not exceed $1.5 million. There are also income caps for the individual or couple applying.

WA Premier Mark McGowan said it was great to see the incentives boosting activity in the industry.

“The Building Bonus in particular has created a surge of activity and the benefits are flowing through to WA workers on building sites across the state,” he said.

Treasurer Ben Wyatt said “The latest figures for our Building Bonus and First Home Owner Grants and for Keystart loans demonstrate demand for building a home and buying an established home are at levels not seen in years”.

So far, the HomeBuilder extension has been well received by industry, with Master Builders Association of WA executive director John Gelavis calling the announcement great news for businesses throughout the sector.

Housing Industry Association executive director Cath Hart called the move ‘a common sense decision’ while also praising Mr McGowan’s support for a further extension HomeBuilder to align with the WA Building Bonus.

“This would mean that consumers have twelve months to start under both schemes and would reduce confusion among consumers and eliminate some of the pressure,” she said.

“HIA will continue making the case to the Federal Government on the need to align the start times for the schemes.”

With these new extensions in mind and land sales now 10 times greater than they were at the same time last year, what better time to find the perfect piece of land. Don’t delay, get in touch with us to find out how we can help you take the next step towards owning your own home.

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au or visit our website www.spiresbaldivis.com.au

The post Federal Government Home Builder Deadline Extended appeared first on Paramount Private Estate Baldivis.

According to the Housing Industry Association (HIA), Western Australia is leading the country in new home sales, up 91.1% in the first half of this year. 

The HIA’s latest New Home Sales report found WA’s new home sales figures had increased more than anywhere else in Australia over the past three months, as well as over the past six months. 

“The latest data shows a 175 per cent increase in WA’s new home sales over the three months since HomeBuilder and the Building Bonus were announced in early June,” HIA WA executive director Cath Hart said. 

“WA saw an initial spike of 211 per cent in new home sales in June which moderated in July to 17 per cent, before increasing by 11.4 per cent in August.” 

While the surge in new homes was welcomed by industry, Ms Hart said she was concerned consumers could miss out on their grants. 

“We’re going from an historic low to an historic high, and the grants require builders to commence work on-site quickly despite challenges in terms of titled land and labour,” Ms Hart said. 

“This spike of more than 175 per cent compared to the previous quarter has created challenges in securing titled land and labour given both building schemes were launched when WA was at a 20-year low in sales activity” 

The industry is now calling for the Government to extend timeframes to allow for land developers to be given until 30 June 2021 to title lots, as well as giving builders six months to commence after lots are titled. 

This is an important longer-term view ensuring a stable and sustainable pipeline of activity, plus the right mix of skills to deliver, as the state’s home building industry will eventually transition back to normalised averages. 

Government grants are still available to help buyers get into the market, with up to $69,440 available to those that qualify.  First Home Owner Grants of $10,000, the Federal Home Builder Grant of $25,000, Western Australian Building Bonus Grant of $20,000 as well as state Off-the-plan Duty Rebates.   

With this kind of assistance available, why wouldn’t you consider building your dream home? 

Touch base with us today to find out how we can help you take the next step towards owning your own home. 

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au or visit our website www.spatialproperty.com.au

The post WA new home sales up 91%  appeared first on Paramount Private Estate Baldivis.

According to the Housing Industry Association (HIA) the number of loans to owner-occupiers for the purchase of residential land in WA increased 110% between July 2019 and July 2020.

These housing finance figures reveal lending across Australia for construction of a new home reaching the highest level recorded in 2 years, with finance approvals for the purchase of a block of land now 69.9% higher than in the same month last year.

HIA chief economist Tim Reardon said there had been a tangible improvement in sentiment and confidence in the housing market.

“Most significant, today ’s data shows that there has been a 30 per cent increase in the number of loans issued for the purchase of residential land for the second month in a row,” Mr Reardon said.

“This is the first indication of the impact of HomeBuilder. One of the early decision making stages of building a new home is the purchase of a suitable block of land.”

“The surge in land sales should see a recovery in the number of slabs being poured as early as the December quarter, as customers proceed through the process to design and construct a new home. This will protect employment in the residential building industry and across the economy into 2021.”

But with this surge in lending, there is a huge demand on available land to begin building before the end of the HomeBuilder grant in December 2020. The building and construction industry is calling on the federal government to extend its HomeBuilder grants program for another year to help the sector through the impact of the coronavirus.

Master Builders Australia (MBA) claims the scheme announced in June has been “the most effective government stimulus measure in a decade”.

MBA Chief Executive Denita Warn added “HomeBuilder should be extended for 12 months in the federal budget to help maintain a pipeline of work and be a lifeline for builders and tradies.”

“Our latest forecasts estimate that HomeBuilder is likely to boost new home building commencements by almost 10,000 during 2020-21” she said.

With this in mind, if you are ready to create the home of your dreams, there is no time to waste.

Touch base with us today to find out how we can help you take the next step towards owning your own home.

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au or visit our website www.spatialproperty.com.au

The post 2 year high for new build lending appeared first on Paramount Private Estate Baldivis.

Recent world news, COVID and other world events, can leave us feeling glum, but the good news is that the Perth market is holding strong and providing fantastic opportunities for new home buyers.

Urban Development Institute of Australia WA (UDIA WA) conducts extensive surveys of the major land developers in Perth to create land market data.  Their recent surveys found Perth achieved 3,322 new lot sales during the June 2020 quarter, the highest quarterly land sales on record since the institute started recording in the 1990’s.

UDIA WA chief executive Tanya Steinbeck said that “while demand has surged, average prices for new land have remained relatively steady at $226,400. Comparative to other capital cities in Australia, Perth remains an affordable and stable option for those looking to enter the market.”

UDIA WA’s survey found there were approximately 7,500 new lots either on the market or under construction, which is good news for buyers, given there has been an influx on demand for properties.

“The good news is there is still a decent level of supply either on the market or under construction to meet continued demand.” Ms Steinbeck said.

Now is the time to buy, with Government grants available to help home buyers get into the market, with up to $69,440 available to those that qualify.  First Home Owner Grants of $10,000, the Federal Home Builder Grant of $25,000, Western Australian Building Bonus Grant of $20,000 as well as state Off-the-plan Duty Rebates.

With this kind of assistance available, why wouldn’t you consider building your dream home?

Touch base with us today to find out how we can help you take the next step towards owning your own home.

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au or visit our website www.spatialproperty.com.au

The post Perth Market holding strong appeared first on Paramount Private Estate Baldivis.

I’ve been hearing about this $20,000 Building Bonus Grant on offer until December 2020, and decided to find out the facts, because if you’re anything like me, $20K sounds like a great deal!

Back in early June, Premier Mark McGowan, announced that in an effort to support and maintain our building and construction industry throughout the economic challenges of the COVID-19 pandemic, the WA Government would be introducing “$20,000 Building Bonus grants for any Western Australia to build a new house or purchase a property in a single-tier development already under construction”.

“The grants will not be means tested and have no cap on the property value.  This grant is on top of the Federal Government’s HomeBuilder Grants as well as the WA’s First Home Owner Grants and first home buyer duty concession.”

What does this mean, well if you are a person who qualifies for all four grants, you could access up to $69,440 in Government assistance to help you build your dream first home!

These grants are being implemented for contracts signed between 4 June 2020 and 31 December 2020.  The hope is that by doing this, the Government will help get as many new projects off the ground and will help keep as many WA jobs intact as possible.

Construction on the building contract must start within the 6 months, which is different from the Federal Government HomeBuilder Grant which requires construction to start within 3 months.

You can even access this grant when you sign a building contract on a property you already own.

The grants and rebate schemes are available for owner-occupiers and investors, Australian-citizens and foreign persons, and natural persons, corporations and trustees.  You do not need to be living in WA to access the grant.

When can you apply for this grant?

For a new home on vacant land (new detached dwelling) – apply when construction has started (foundations complete).

For new single-tiered dwellings such as villas and townhouses – apply when you are the owner of the property (registered on the certificate of title)

What properties are eligible for the grant?

• New detached homes constructed under a building contract
• New relocatable homes
• New homes constructed by an owner-builder
• New single-tiered homes on strata plans such as villas and townhouses. For more information about these types of properties, see section 3(1) of the Strata Titles Act 1985
• New single-tiered homes on other land survey types.

What properties DON’T qualify for the grant?

• Properties in multi-tiered developments such as an apartment tower. These properties may qualify for an off-the-plan duty rebate.
• Mixed-use and commercial property
• Short stay accommodation
• New constructions where there is already a home on the land, for example, adding a granny flat to the backyard of the person’s home
• Refurbished property and developments, including where the original property is extended or renovated. Substantial renovations may qualify for the Commonwealth Government’s HomeBuilder scheme.
• A building contract or contract for the purchase of property that the Commissioner is satisfied was cancelled to allow a new contract to be made for the purpose of qualifying for the grant
• Completed dwellings (existing stock) held by the developer or another person

Now you’re armed with all the facts, why not get in touch with us to find out how we can help you take the next step towards owning your own home.

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au or visit our website www.spatialproperty.com.au

The post $20,000 Building Bonus Grants for contracts signed before December 2020 appeared first on Paramount Private Estate Baldivis.

The number of Australians buying land has risen steeply as buyers take advantage of affordability. 

Land sales rose 46 per cent in the six months to September across the country, according to the latest data from the Housing Institute of Australia and CoreLogic. The 10,563 lots sold during the period were a substantial turnaround from the March quarter, when sales were the lowest on record. 

The pick-up coincided with the turnaround in the housing market midway through last year, soaring more than 10 per cent in Sydney and Melbourne since June. But the fierce uptake has yet to have as much of an impact on land prices. 

However, CoreLogic’s Eliza Owen warned it may not be long until demand drives prices higher. 

“Demand for land and dwellings has rebounded strongly from June last year, which is also reflected in a 6.7 per cent rebound in national dwelling values over the past seven months,” she said. 

The rebound in the housing market, which has been primarily felt in east coast markets, follows a relaxation in lending standards and record low interest rates. 

The Morrison government’s first-home buyers lending scheme has proven a hit with market – entrants, with more than half of the 10,000 slots already filled.

With low rates attracting buyers, Andrew Mackenzie, Paramount Private Estate Sales Manager, says now’s the time to get into Baldivis, a great family friendly suburb.

Paramount is situated at the southern end of Baldivis Road, and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.  

Mr Mackenzie added “Paramount offers terrific value for money. Plus, homebuyers at Paramount will also receive a fencing and landscaping bonus, so they can get into their new homes quicker!”.

“A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.”

BUY NOW WHILE THESE GREAT SITES ARE AVAILABLE!

Paramount Private Estate Baldivis offers elevated, family-sized blocks with views with 480sqm lots available from $185,000! This is amazingly good value for larger sized lots.

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au to find out more.

The post Land-grab as low rates attract new buyers appeared first on Paramount Private Estate Baldivis.

The housing market looks set for a busy start to the year after many Australians spent the Christmas break getting ready to buy a home.

Mortgage brokers report they have been inundated with inquiries and home loan applications during what would traditionally be a holiday break.

Most interest has come from owner-occupiers including first-home buyers, while some investors are also keen, according to mortgage brokers.

It comes as Australian housing prices are tipped to continue to grow in the first half of 2020 following a strong rebound late last year due to the combination of several interest rate cuts, relaxed lending conditions and renewed market confidence after the federal election.

Foster Ramsay Finance principal mortgage broker Chris Foster-Ramsay said he was “flat out” processing applications since November. Most applications have come from first-home buyers and upgraders

“I’ve postponed my usual two-week break over Christmas and New Year’s,” he said, adding that his appointments are up 200 per cent year-on-year to date.

“There are decent properties close to transport, schools … what that means is as soon as property is coming on in those fringe suburbs anywhere between the $300,000 to $400,000 range, the competition is excessive.”

40Forty Finance director and mortgage broker Will Unkles said the business was booming.

“In terms of inquiries and the keenness of buyers to be ready, it’s significantly stronger than six months ago,” Mr Unkles said, adding loosening lending policies have helped more applicants qualify for home loans in recent weeks.

“I wouldn’t say it’s easier than ever before, but it’s far easier than 12 months ago,” Mr Unkles said.

Mr Unkles said banks were not pouring overspending habits like they were six months ago.

“Deals are going through far easier, there are less questions from banks,” he said. “No bank will admit that but I’m finding from experience that lenders are being less critical.”

Asked whether the financial services royal commission continued to have an effect, he said: “It had a short-term effect. They all pulled their socks up and were on their best behaviour.”

With the new year underway and news of increased sales across the Perth market, Andrew Mackenzie, Paramount Private Estate Sales Manager, says Baldivis a great family-friendly suburb and the perfect place to buy a property.

Paramount is situated at the southern end of Baldivis Road, and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.

Mr Mackenzie added “Paramount offers terrific value for money. Plus, homebuyers at Paramount will also receive a fencing and landscaping bonus, so they can get into their new homes quicker!”.

“A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.”

BUY NOW WHILE THESE GREAT SITES ARE AVAILABLE!

Paramount Private Estate Baldivis offers elevated, family-sized blocks with views with 480sqm lots available from $185,000! This is amazingly good value for larger sized lots.

Contact Andrew Mackenzie,

our friendly Estate Sales

Manager on 0419 904 790 or

andrew@spatialproperty.com.auto find out more.

The post Mortgage brokers inundated with home loan applications as homebuyers prepare to purchase appeared first on Paramount Private Estate Baldivis.

There’s a lot to consider when moving into a new suburb.  One of our major decisions as parents is what school our children will attend.  To make your life easier, we have compiled a concise list of new and established schools in the Baldivis area.

With school taken care of in Baldivis, Andrew Mackenzie, Paramount Private Estate Sales Manager, says now’s the time to snap up a property in this great family-friendly suburb.

Paramount is situated at the southern end of Baldivis Road, and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.

Mr Mackenzie added “Paramount offers terrific value for money. Plus, homebuyers at Paramount will also receive a fencing and landscaping bonus, so they can get into their new homes quicker!”.

“A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.”

BUY NOW WHILE THESE GREAT SITES ARE AVAILABLE!

Paramount Private Estate Baldivis offers elevated, family-sized blocks with views with 480sqm lots available from $185,000 – amazingly good value for larger sized lots!

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.auto find out more.

The post Which school? There’s plenty of options in Baldivis appeared first on Paramount Private Estate Baldivis.

“I’m bored…” are the words that every parent dreads over the school holidays. So, we have found some awesome activities right in the heart of the beautiful suburb of Baldivis to keep your kids off your back these school holidays.

Top Attractions in Baldivis

1. Perth Aqua Park

Perth Aqua Park is a huge floating inflatable fun park. It has over 100 different interconnected obstacles. Race your friends down the 3-lane course; get launched from the jumping pillow or blast down the big slides. It’s fun for everyone

https://perthaquapark.com.au/

2. Baldivis Children’s Forest

The Baldivis Children’s Forest has served the local community as a centre point for environmental education since 2000.  This 20 hectare public park is 50 km south of Perth and has been created and maintained as a bushland reserve by children since it began.  It now hosts multi-award winning educational and conservation programs as well as community events. The Forest has walk trails, information signs, an outdoor classroom, toilets, electric BBQ, picnic areas, amphitheatre and artwork.

https://www.baldivischildrensforest.org.au/

3. Perth Wake Park

Perth Wake Park is the only cable wakeboard park in Western Australia. The park offers a range of features including a full size main cable, a beginner specific cable, a step up pool for advanced riders, a café, pro shop and hire shop. Riders of any level can come and enjoy the park.

https://perthwakepark.com.au/

4. Delta Force Paintball Bonneys

Delta Force Paintball has over 25 years experience in providing a paintball day that is unrivalled – we can promise only the best in terms of professionality, customer service and emphasis on fun and safety.

https://www.deltaforcepaintball.com.au/

5. XLR8 Obstacle Course

XLR8 Obstacle Course is Western Australia’s only purpose built permanent military style obstacle course.  Over this tight and challenging course, many challenging obstacles and muddy races are created for adults and juniors.  It’s the most intense and fun course which is guaranteed to put your body to the test, regardless of your fitness level.

http://www.baldivisfitness.com.au/assault-course/

With all this on offer in Baldivis, Andrew Mackenzie, Paramount Private Estate Sales Manager, says now’s the time to snap up a property in this great family friendly suburb.

Paramount is situated at the southern end of Baldivis Road, and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.

Mr Mackenzie added “Paramount offers terrific value for money. Plus, homebuyers at Paramount will also receive a fencing and landscaping bonus, so they can get into their new homes quicker!”.

“A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.”

BUY NOW WHILE THESE GREAT SITES ARE AVAILABLE!

Paramount Private Estate Baldivis offers elevated, family-sized blocks with views with 480sqm lots available from $185,000! This is amazingly good value for larger sized lots, which makes it easy to understand why they are getting snapped up!

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.auto find out more.

The post The 5 Best Things to do in Baldivis this school holidays appeared first on Paramount Private Estate Baldivis.

When you think of Christmas, you probably think of presents, family, and food. It’s probably quite unlikely that economics comes to the forefront of your mind. But perhaps it should. One of the biggest business implications of Christmas is economic – put more specifically, the massive increase in spending. Generally, Christmas is thought of as very beneficial to the country’s economy. Here’s how Christmas affects the economy.

A boost in production
In the months leading up to Christmas, there’s a huge increase in the need for manufacture. This is particularly prevalent in the toy industry, where the vast majority of sales happen in the lead up to Christmas.  In fact, a lot of the toy industry’s product development and timing is based around the Christmas period in order to maximize profits.

Black Friday and Cyber Monday
Once purely an American tradition, Black Friday and Cyber Monday have been gaining globally in recent years. The Friday and Monday following American Thanksgiving now make up one of the biggest shopping weekends in the calendar. Not only do people spend a lot at this time in the lead up to Christmas, but it’s essentially the biggest weekend for discounts in retail, too.

Temporary work
Many retailers and food and drink establishments require more staff to deal with the busier period in the lead up to Christmas. This is predominantly true for larger companies, who need to take on an abundance of staff to deal with online orders in particular. This leads to an economic boost, with businesses increasing their profits and temporary workers finding themselves with a little extra cash to spend.

Spending increases
What’s uniquely interesting about the Christmas period is that spending increases in pretty much every industry. Food and drink, consumer goods and homewares, plus entertainment all get a Christmas boost. Even industries like cinemas and pubs can reap the benefits of our spend-happy culture during this period.

Lessened productivity
Those who work in an office job will likely recognize the slowing down of productivity as Christmas approaches. The abundance of events and parties, alongside the increase in distractions and decrease in motivation, can mean that non-consumer based businesses can find December a bit of a struggle.

Christmas Day
The actual day of Christmas is one of the least economically important days of the year – most people don’t shop at all on this day. In fact, the majority of big businesses aren’t even permitted by law to open on Christmas day. There is a slightly increasing trend for afternoon online shopping for those who want to get in on the January sales early.

Boxing Day sales
Contrary to some expectations, the period immediately after Christmas doesn’t reflect a prompt drop in spending. This can be mostly attributed to the Boxing Day and January sales. Although these sales have taken a slight hit thanks to the growth of Black Friday and Cyber Monday, they are still some of the premier shopping events in the UK & Australia. Many take them as an opportunity to spend their Christmas money, or as a sort of “last hurrah” in terms of holiday excess.

January cutbacks
Post-Christmas, the vast majority of people experience a bit of metaphorical belt-tightening. The excesses of Christmas are over, and pretty much everyone has overstretched themselves. January is one of the lowest periods in terms of spending, as everyone beings reigning themselves in following the Christmas hysteria.

This year, Andrew Mackenzie, Paramount Private Estate Sales Manager, is hoping to make your Christmas even more special, by providing you with the opportunity to snatch up some prime reality here in Baldivis, just a short drive from the ocean.

Paramount is situated at the southern end of Baldivis Road and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.

Mr Mackenzie added “Paramount offers terrific value for money. Plus, homebuyers at Paramount will also receive a fencing and landscaping bonus, so they can get into their new homes quicker!”.

“A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.”

BUY NOW WHILE THESE GREAT SITES ARE AVAILABLE!

Paramount Private Estate Baldivis offers elevated, family-sized blocks with views with 480sqm lots available from $185,000! This is amazingly good value for larger sized lots, which makes it easy to understand why they are getting snapped up!

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.auto find out more.

The post How much does Christmas affect the economy? appeared first on Paramount Private Estate Baldivis.