Gold Coast first-home buyers urged to make the most of refreshed market conditions this spring
FIRST-home buyers are being urged to seize the day by taking the daunting step to secure a property this spring.
Buyers have the upper hand in the current market thanks to first-home grants and good borrowing conditions.
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Ray White Surfers Paradise CEO Andrew Bell said if buying a new build, look to the north.
“It tends to be far more attractive for first-home buyers to buy in the more affordable, price-bracket suburbs and in the suburbs where there is a good deal of new development work that has kept prices somewhat in check,” he said.
“Pimpama would be the pick at the moment, followed by Coomera.
“This is an outstanding time for first-home buyers to buy as not only are there slightly more generous first-home buyer grants but we have absolutely record-low interest rates to lock in a fixed loan for a period of time.
“This environment won’t continue forever and should be seized upon by first-home buyers.”
Kris Hanney, 31, built his first home with Porter Davis in the northern Gold Coast after working hard to save a $60,000 deposit.
Porter Davis Homes Queensland sales manager Alex Hill said they aimed to offer quality house and land packages for first-home buyers on a budget.
“Timing wise, affordability is at an all-time high and southeast Queensland is expected to have fantastic growth over the next three years,” he said.
“Between the first-home-owners grant, the new home-loan deposit scheme that the government has recently announced, multiple interest rate cuts and eased lending requirements, first-home buyers are in the perfect position to get into the property market and begin investing now to build their future wealth.”
Mr Hill said Arundel, Helensvale, Coomera and Pimpama were areas first-home buyers should be looking at.
John Henderson Professionals partner Luke Henderson’s hot spots were Elanora and Chirn Park.
“They are affordable locations close to M1 and attracting other owner occupiers, which is creating communities,” he said.
“Interest rates are low, there is job stability and property is a great way to secure your financial future.”
Kollosche agent Eoghan Murphy said Chirn Park seemed to be all the rage for young buyers.
“Properties are affordable and buyers have the choice to purchase un-renovated and add their own touch or go for the finished product at a price point that is still achievable,” he said.
“Have your finance in check, a lot more buyers will come out of the woodwork this season so make sure that you are ready to pounce when you find the home you want.
“At these price points, the market is flooded with buyers so you don’t want to miss out.”