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Photo: Graham Jepson “We currently have two large-scale masterplanned communities in Australia that are ideally suited for potential first homebuyers, with The Hermitage at Gledswood Hills in Sydney’s south-west and Ecco Ripley in Ipswich, Queensland. Fully completed homes are priced from $635,000 in Sydney and $317,000 in Queensland.” Domain Group’s recently published First Mortgage broker Oak Laurel West End, 0430 129 662, 249 Boundary St, West End QLD 4101 Home Buyer’s Report listed affordable suburbs for those entering the property market, and while they may be a little further out from the city than for generations past, now might be a good time for buyers to invest given recent stamp duty exemptions. From July 1, 2017, changes made by the state government of NSW allow first home buyers to receive stamp duty exemptions if they are buying an established or new dwelling up to the value of $650,000. First home buyers in Sydney are being drawn to the south-west, including Camden. Photo: Brendan Esposito “This has made buying entry-level apartments in the middle ring suburbs of Sydney and good sized apartments and entry level houses in the outer suburbs a very attractive opportunity for first homebuyers to enter the market,” Singh says. “For Sydneysiders looking to buy a house between $650,000 and $800,000 there are significant stamp duty concession discounts available.” With the median house prices in Queensland comparatively lower than in New South Wales, the current First Home Owners Grant of $20,000 for new properties and the stamp duty exemptions for homes up to $500,000 for first homebuyers make buying up http://www.positiveconnections.org/getting-the-facts-on-wise-systems-in-mortgage-broker-brisbane-queensland/ north a very attractive opportunity. The Hermitage in Sydney’s south-west will have a number of options accessible to first home buyers. Photo: Graham Jepson “The fact that first homebuyers can even use the First Home Owners Grant as part of their deposit – if they can show a satisfactory six-month rental history – makes buying their first home in Queensland very achievable, especially as suburbs with properties below $400,000 still exist,” Singh says. According to Singh, if a first home buyer is looking to invest in one of the more affordable areas, they need to take into account transport options, schools, amenities and jobs prospects. “Transport is usually No.1, as an area with a Mortgage brokers Oak Laurel Carseldine, Carseldine QLD 4034, 0430 129 662 pre-established or future rail network is crucial if you are looking for convenience and if you are looking for future growth,” he explains. “There should also be a good road network, and access to the CBD and airport is something you should consider if you need to get around in a car.” Toru Abe is confident Sekisui House masterplanned communities The Hermitage and Ecco Ripley offer the infrastructure that first home buyers need.
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