Despite a cooling property market at the start of 2019, a sea of good fortune has arrived to make now the perfect time to get your foot on the property ladder. With grants for first-time buyers, low interest rates and up to $20k* gift from AVID, now is the time to buy your ideal first home.
Let’s investigate some of the key reasons why starting now and starting new could be the right way to buy your first home.
1. First home owner grant
If you’re looking to buy a home in a contemporary Victorian development like Bloomdale, you could be eligible for the state’s First Home Owner Grant. If you are buying or building your first new home and it’s valued at $750,000 or less (which is all the house-and-land packages currently available at Bloomdale), then you may be awarded the $10,000 grant.
2. Exceptionally low interest rates
Low interest rates mean you end up paying less over the course of your home loan. And when it comes to lengthy loan terms, any reduction in interest rates is great news for the for mortgage holders.
That’s why first home buyers should be getting excited about the Reserve Bank of Australia’s decision to make two consecutive rates cuts down to 1% in July. You can get better home loan deals from your lender and pay back less on interest while the rates stay low.
3. Brand-new, energy-efficient homes
Rather than suffering through those freezing winters and stifling summers in an older home that can’t self-regulate the temperature, new homes are usually built to be greener and more energy efficient.
Plus, with everything new – like plumbing and electricity – you can enjoy peace of mind that you won’t have to pay for expensive maintenance fixes in the short term. After all, everything new is still under warranty.
4. The best nearby amenities
Your first home will be much more than the sum of its parts. It’s about the people in the community, the beauty that surrounds the suburb, and the sense of belonging that only comes from a positive neighbourhood.
At Bloomdale, the very best in amenities are top of the list for residents. Family friendly parks are surrounded by lush greenery, there are plenty of sporting clubs and community facilities, and families can enjoy a tight-knit neighbourhood with existing schools nearby.
5. Take advantage of the AVID Home Starter Reward
For a limited time, AVID is offering new buyers up to $20,000* Home Starter Reward for purchases at the charming community of Bloomdale. Buying your first home is the start of an exciting chapter of your life, and a reward of up to $20k* is sure to be a welcome boost as you look to fit out your brand-new home and immerse yourself in a new neighbourhood.
For the best of country charm, comfort and contemporary living, as well as the Melbourne CBD just a 30-minute drive away, Bloomdale is the place to be. With a wide choice of block sizes to suit your needs and established facilities at Diggers Rest, you’ll enjoy the convenience of connection from the first moment you enter the community.
* 2 x $5,000 VISA Gift Cards, and 1 x $10,000 VISA Gift Card or lot purchase price discount, (incl GST, VISA Gift Cards redeemable where acceptable) per contract on selected lots entered between 9am AEST 5/9/19 and 5pm AEDT 6/10/19 and settled by 5pm AEDT 31/10/19. For full T&Cs, see bloomdale.com.au/startnew/.