First time home buyers – Home Loan Queensland
Location. Location. Location. The three most important ingredients in a property to purchase are also the three most important ingredients in choosing a home loan.
After all, you can find THE PERFECT home, but if you don’t get the right loan from the right location, you could find yourself paying more money than you need to.
You could also find yourself locked into restrictive conditions and fees that end up costing you a bomb in the long run.
Here at fish4homeloans.com.au we can help you choose the right loan for YOU at the right location …
To find out more about how we can help simplify the home buying process for you, just send me an email with your contact details to Info@fish4homeloans.com.au or please send us your details and we’ll get back to you. Your details will not be passed to any other companies.
Help with Home loan Queensland
The Queensland government are obviously trying to encourage people to build homes rather than buyers swapping exiting homes between each other. Zero stamp duty will remain for first-time buyers purchasing homes under $500,000. Any buyer, investor, FHB, or OO, will get the 10K. By removing the deduction of primary place of residence stamp duty, you can easily see the investor on a newly built property will benefit. Anyone thinking of buying an investment property right now will find it easy to find motivated buyers. Because of that I agree that this is providing property buying opportunities not experienced for more than a decade, as sellers outnumber buyers by a wide margin. Then giving some buyers $10,000 to by a property with a net gain of only $3,700? It just doesn’t make sense.
Not just for first home buyers applies to anyone buying or building a new home (house, townhouse or unit) to live in or as an investment for less than $600,000. The only cohort that actually gets any real value out of this are first home buyers who decide to build. In this one, however, I have to disagree with your interpretation and especially with this statement: “The only cohort that actually gets any real value out of this are first home buyers who decide to build.” The initiative will provide a $10,000 grant for all Queenslanders constructing or purchasing a new home up to the value of $600,000, with first home buyers also eligible for the $7000 first home buyer’s grant.
It came amid reports that Queensland has become the worst-performing state for mortgage arrears, with 2% of borrowers more than a month behind in repayments. More than $80 million will be spent luring events to Queensland to help the tourism industry. Obviously the removal of the concession will play a part (I am ignoring the immigration nonsense and sky high economic growth numbers) but what are volumes of transfers doing in the Queensland market? They must be down like everywhere else in Australia. They’ll also get $20 increases to their council rates rebate and southeast Queensland water subsidy.
