SHAKE UR PIGGY BANKS 1ST HOME BUYERS AS THE CUT OFF NEARS!!! OINK OINK!!!
Calling all 1st homies…it’s time for you to jump on that stamp duty concession bandwagon, due to finish 31/12/11. If you’re a follower of figures (not the beach body type!) then you’ll be keen to know that 1st home buyer enquires are up by approx. 20% with the biggest contributor to the rise in home loans for Sept. being from 1st home buyers.
First-home buyers are literally plunging into the property market to beat the end-of-year cut-off on stamp-duty concessions which were announced in September.
First-timers are also making the most housing-finance inquiries, according to mortgage broker Loan Market. Its chief operating officer, Dean Rushton, says the number of first-time buyers is the highest in almost two years. In NSW, they make more than half of all inquiries.
At present, first-home buyers pay no stamp duty on properties costing less than $500,000 and receive a discount for properties priced between $500,000 and $600,000. This amounts to a saving of $17,990 for a $500,000 house and $22,490 for one worth $600,000. Next year, these stamp-duty savings will apply only to new homes, including those bought off the plan.
A softer market is creating more options throughout the city, particularly apartments, which buyers are now pouncing on. There are plenty of options around the Northern Beaches area, especially Dee Why, where property prices are still very affordable for first home buyers……
Guys you’d want to get in quick…time is running away so do not miss the opportunity to save some substantial bucks!
We have loads of great first time buyer properties on our website www.thenovakagency.com however if you can’t find what you are looking for then just call us 1300 4 NOVAK – 24/7 – we never sleep!!!… It’s that simple! GOOD LUCK!!!!