Tag: home buyers

Perth Market holding strong

By Melissa Clarke | 7 August 2020

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

 

 

Homebuyers can now borrow more! — Michael Roddan | July 2019

Tens of thousands of prospective home buyers are set to flood the housing market after financial regulators removed the shackles from lenders, allowing borrowers to super-size their loans.

Under the shake-up — unveiled yesterday by the Australian Prudential Regulation Authority (APRA) — borrowers will be able to access mortgages 14 per cent larger in a move experts say will reignite the housing boom.

UBS economist Carlos Cacho said households on an income of $200,000 a year could boost their loans by an extra $150,000 to $1.25 million if they gained a leading market interest rate.

Mr Cacho said for households on a combined income of $125,000 a year, maximum loan sizes would jump by $90,000 to $765,000 while the typical household, on a combined income of $85,000, would be able to secure an extra $30,000 in their loans.

Under the new rules, lenders will be free to offer bigger loans to borrowers who previously couldn’t clear a hurdle requiring them to manage mortgage repayments, if interest rates were to rise above a hypothetical minimum of 7 per cent. As part of the new “go easy” attitude to financial regulation, the banking sector will have the freedom to set their own interest rate floor to assess customers.

The new floor will be set at 2.5 per cent above the banks’ standard variable rates, a move that will help funnel customers into larger loans.

Josh Frydenberg said the overhaul would allow borrowers to establish a foothold in the property market and welcomed the decision from APRA to adjust its guidelines on home loan applications.

“APRA’s changes will make it easier for home buyers to obtain a loan by lowering the minimum interest rate against which applicants must be assessed.  This is further good news for home buyers and the property market.”

Cameron Kusher, an analyst at real estate research firm Core­Logic, said borrowing was “going to become a little more accessible”, although banks would remain cautious about lending to risky customers.

Property developers said APRA’s decision was sensible and would help lift construction and create jobs.

Master Builders Australia chief economist Shane Garrett said the restrictions were “one of the factors” that sparked falls in house prices. Dumping the requirement was “great news at a time when the potential exists for a recovery in new home building”, he said.

Property Council of Australia chief executive Ken Morrison said the measure was put in place at a time when house prices were booming.

“This is a sensible decision that reflects the reality of the current interest rate environment and housing market conditions,” he said.

The rate cuts are expected to add a jolt of confidence to the property market, which has been buoyed by the surprise Coalition victory. The passage of Scott Morrison’s personal income tax cuts this week is also expected to boost consumer spending and help revive the economy.

The Prime Minister has proposed a string of measures to encourage banks to lend more vigorously, including interventions to help bring down interest rates for small business borrowers, fewer restrictions on property investors, and a first-home buyers’ scheme that will help a small number of borrowers access loans.

Andrew Mackenzie, Estate Sales Manager at Paramount Private Estate Baldivis, said the news was a great result for homebuyers.

“We have already seen a pick-up in the market since the federal election, which has been great for interest in Paramount.  And now with interest rates dropping again for the second time this year, tax relief for middle income earners and this announcement by APRA, we should see even more positive sentiment flowing through.”

Mr Mackenzie went on to say, “the first land release at Paramount represents amazing value for homebuyers.  At $172,000 for bigger, elevated 450sqm blocks and views to the hills, pricing is not only very competitive, but it also offered terrific value for money. Plus, on top of the excellent pricing, Paramount will also provide homebuyers with fencing and landscaping bonuses, so they can get into their new homes quicker!”

 

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.  

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.

THE BEST TIME TO BUY IS NOW BEFORE PRICE RISES NEXT YEAR OR SOONER!

Paramount Private Estate Baldivis offers 450sqm premium, elevated, family-sized blocks with views starting from as little as $172,000!  This is amazingly affordable, no wonder we’ve now sold over 25% of Stage 1!

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au before they’re all sold out!

What to make of incentives and discounts on offer in new-build market.

Jim Malo, Reporter, domain.com.au

Home builders and developers are offering buyers incentives in an effort to stand out amid the tough property market.

Advertising campaigns that spruik prices as cheap as the 1990s and the chance to win a free car are just some of the promotions available in early 2019.

Such offers are commonplace and require scrutiny from buyers.

Websites like finder.com.au have pages dedicated to informing consumers of the pros and cons of frequent flyer points schemes and others like them.

New home design specialist at the national builder, Stroud Homes Max Xia said while many of these deals could be tempting, they might not be all they appeared to be.

He said builders offering apparently low price-points for new builds was one area where buyers needed to be cautious.

“In today’s market you’ve got a lot of volume builders having a starting price and offers on TV that sound too good to be true,” Mr Xia said.

“A lot of them are just advertising and promotional tools but, at the end of the day, everyone’s costs are similar.

“Promotional activity was an indicator the home building market was still competitive,

but fears of a drop-off encouraged builders to try to stand out even more”, Master Builders Australia’s chief economist Share Garrett said.

“My interpretation is this is a reflection of competitive activity going on in the market rather than builders engaging in price discounting,” he said.

“Some builders might be trying to expand and undercut their competitors.

Some people might be trying to build a reputation and get a foothold in the market.”

Andrew Mackenzie, Estate Sales Manager at Paramount Private Estate Baldivis said,

“Before new homebuyers make their way through all the available builder offers and promotions, they should check out the first land release at Paramount.  It represents amazing value and also has bigger, elevated blocks, with views to the hills.  Plus, as part of an overarching, masterplan community, it will include its own primary school, shops, public open spaces and aged care facility.  We know we’re very competitively priced and buyers are terrific value for money.  On top of the excellent pricing, we also provide homebuyers with fencing and landscaping bonuses so they can get into their new home quicker.”

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.

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.

Don’t miss out – 25% ALREADY SOLD!  This first release from Paramount Private Estate Baldivis is selling quickly!

 For more information please contact our friendly Estate Sales Manager, Andrew Mackenzie on (08) 6555 2060 or andrew@spatialproperty.com.au.

 

New parks and playgrounds make Baldivis even more perfect for families

Baldivis is already well renowned for the quality and quantity of its new parks and playgrounds.

There are so many to choose from, which means your kids should never get bored… we wish!

You can find out where most of these beautiful parks and playgrounds are located by visiting:

Even better, Baldivis has just seen the opening of four new parks and playgrounds.

This is great news for everyone living or looking to live in Baldivis because it will not only bring families closer together but help them better connect with their local neighbourhood.

Plus, with school holidays on until the first week of Feb, these four new parks will give you and your kids plenty more to do to pass away the time and have lots of fun while doing it!

These stunning new parks and playgrounds include:

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; kids or adults, sporting teams looking for fun and fitness, corporate groups seeking a team building activity or end of year function idea, or anyone looking for some fun as an individual or with a group.

Visit https://perthaquapark.com.au/ to find out more.

Perth Wake Park

Perth Wake Park is the only cable wakeboard park in Western Australia.

The park offers 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 enjoy the park. They have lessons and introduction sessions on their specific beginner system and the main lake filled with obstacles for the advanced riders to enjoy.

With a large veranda overlooking the main lake and a beach to relax on, Perth Wake Park is a great place to hang out and watch friends and family ride.

Entry into the park is also free for spectators.

Visit https://perthwakepark.com.au/ to find out more.

Monster’s World Adventure Park

Monster’s World Adventure Park is a new, $1 million adventure park that has just opened in Baldivis.

The park features a ‘monster’s world’ with timber play equipment, including balance logs and steppers, stone boulders, timber climbing stacks and musical play equipment such as thongophone and log chimes.

There is a monster’s nest with an 8m-high climbing tower, a crossing rope bridge, a 9m slide and ascending structures through the dry creek bed to create a mystical and mysterious playground.

Monster’s World Adventure Park can be found here.

Steamrail Adventure Playground

A new $1m train-inspired park has opened in Baldivis.

The park on Heartwood Boulevard features two flying foxes, swings and a 12m slide, as well as a life-size train.

Children playing at the park will be transported back to an era of steam trains, which is a celebration of Baldivis’ rich heritage with trains and timber milling.

Other features include a tall tower reminiscent of an old steam train water stop tower, plus and a large train climbing structure.

Picnic facilities, shade structures and large trees overlooking the central play space will provide enjoyment to children of all ages and abilities for hours on end.

Steamrail Adventure Playground can be found here.

In the last ten years, the population of Baldivis has exploded. From a quiet suburb south of Perth to a new thriving community with so much to offer!

Baldivis is a semi-rural suburb and is fast becoming a hub for families, as more people choose to make Baldivis their home, and it’s not hard to see why!

Being only 15 minutes to gorgeous Safety Bay and Secret Harbour beaches, a short drive or bus ride to the Warnbro train station and less than an hour to Perth CBD, Baldivis is the perfect location for those wanting a quieter lifestyle while still being close to the action. It is a great spot for families, as there is a huge choice of landscaped parks, playgrounds and other fantastic features. There is a Tramway that runs through the suburb that is now a protected nature reserve and Baldivis Children’s Forest is a great spot to take the kids and learn about conservation while getting out into nature.

If you have just moved to the area and you want to meet new people and become a part of the community, you can head along to Daintree Park and join in a FREE group fitness class “Live Life Get Active!” What better way to meet your neighbours, create a social network and add the side benefit of getting fit!

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.

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.

Paramount Private Estate Baldivis will have its own set of parks, playgrounds and recreation facilities within the next few years, but in the interim, you can enjoy all Baldivis has to offer within a few minutes’ drive.

Don’t miss out on this first release from Paramount Private Estate Baldivis! For more information please contact our friendly Estate Sales Manager, Andrew Mackenzie on (08) 6555 2060 or andrew@spatialproperty.com.au .

New twilight display home opening hours better for homebuyers

Retail shopping hours have changed for the better over the last few years to accommodate the busy lifestyles of most shoppers.  Instead of only one late night per week and no Sunday trading, shoppers can now access retailers nightly Monday to Friday and all weekend. The building industry is no different and has come to realise that the traditional 2-5pm opening times on Wed is no longer suitable for most home buyers.

Starting first week of January, builders will be opening their display homes on Wednesday’s from 4pm until 7pm, taking advantage of the summer evening light and weather and to accommodate homebuyers who are predominantly home in the evening.

It’s also a great way for homebuyers to experience the home as they would live in it.

The new twilight opening hours are expected to run through until Easter and all builders will be displaying the above logo in their advertising, social media and communications, which will notify homebuyers of the new display home opening hours.

Paramount Private Estate Baldivis is always open to homebuyers.  They can visit the Estate and call Andrew Mackenzie any time they choose, except for Christmas Day, of course!

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  buyers that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.

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.

Don’t miss out on this first release from Paramount Private Estate Baldivis! For more information please contact our friendly Estate Sales Manager, Andrew Mackenzie on (08) 6555 2060 or andrew@spatialproperty.com.au .

From the friendly team at Paramount Private estate Baldivis, we would like to wish you and your families a wonderful Christmas, an amazing New Year and a safe and happy holiday!