Riverbank | Why Build Now
Because now is the BEST time!
Tick... tock...
Imagine the property cycle is a clock. Right now we’re at 6 o’clock – at the bottom of the cycle, when prices have hit a low.
So basically, the only way is up!
But before it goes up, you want to be ready to ride the recovery wave. That means building now, before prices go up and, potentially, interest rates too.
So what does being at 6 o’clock mean for you?
Home loan interest rates are at record lows
House and land packages are more affordable than ever
Required home loan deposits are low
WA government grants up to $10,000 are available to eligible buyers
Many builders and developers are offering generous bonuses and incentives
It pays to be early!
As the recovery cycle moves up through 7 o’clock, 8 o’clock and 9 o’clock, confidence in the property market will rise.
This starts a chain reaction:
This in turn leads to higher construction costs, along with increased labour prices due to scarcer tradespeople being available.
More good reasons why building now is the right time!
This in turn leads to higher construction costs, along with increased labour prices due to scarcer tradespeople being available.
More good reasons why building now is the right time!
Because we’re in an extended low interest rate cycle, it’s a good idea to lock in your interest rate while you can, it could save thousands in repayments.
Find out if you’re eligible to secure the affordable finance available through Keystart – they’ve recently made qualifying for a home loan substantially easier.
Add the value of the First Home Owner Grant (if you’re eligible) and you could have a real head start on your new home.
Think of all the advantages of building a brand new home!
$10,000 grant
on new house and land packages
Comprehensive warranty
on new house and land packages
No maintenance hassles
everything’s brand new!
A long-term
structural guarantee
Many builders are offering the most generous incentives in a decade, so shop around for the best deals.
Some of the more popular bonuses include:
- Cash rebates
- Lifetime Structural Guarantee
- Fence and landscaping package
- Quality floor and window converings
- Ducted air conditioning
- Alfresco areas with built-in barbecue
- Premium kitchen appliances and benchtops
- Security package
Compare all this with buying an older established home:
- No structural guarantee
- No eligibility for government grants
- Potential of ongoing maintenance
- No saving time before moving in
- No standard buyer incentives
- Higher stamp duty costs
Never a better time to start growing wealth than now!
Not everyone who builds a new home lives in it straightaway. Many people build a new home to build wealth. Higher than average rental yields mean Perth is a great place to start a property investment portfolio. And increasingly, it’s younger people getting into the action!
A generational look at those who own at least one property investment:
So - when you add up
A range of low-deposit loans
Affordable house and land packages
Low interest rates
Generous incentives, bonuses and grants