The First Home Buyer grant will be reduced from $20,000 to $15,000. So how does this affect affordability for First Home Buyers?
First Home Buyers (FHB’s) need to keep in mind that the overall outlook for the market, which is promising.
For the last two decades, Queensland’s economy has generally outperformed the Australian economy*. As a result, Queensland’s economic conditions are improving and the population is growing, one of the main drivers of new housing activity. Compared to other states, New Homes will continue to be a commercially viable option for FHB’s in SEQ after July 1 thanks to relative affordability.
First Home Buyers need to recognise that now is the time to get into the market.
Research indicates a positive attitude among FHB’s, with 93% being optimistic about the future and 74% believing quality is more important than price**. And at Porter Davis, we are building premium and affordable housing with functional house designs that cater to all ends of the market. They are continually working on ways to build houses and new home design in less and time and at a lower cost to the buyer, without compromising on the quality.
Our house designs cater to all ends of the market and we’re expecting strong interest from first home buyers and young families with the opening of our newest displays at Killara Estate, by Villaworld situated in Logan. The Riverside 25 and the Hamilton 23 are designed for those seeking space, yet a compact design, with the hosue plans reflecting this.
Killara is a contemporary master planned address surrounded by green bushland and family parklands with good transport links to Brisbane CBD or the Gold Coast. Designed for a healthy active lifestyle, Killara will feature active and passive parkland spaces with adventure trails, bike tracks, and interactive play areas ideal for families of all sizes. Ultimately comprising over 700 parkland homesites, Killara has been designed to blend streets of complementary home designs into an integrated address. The perfect place to build your first home.
For further information on purchasing your First Home call us on 1800 767 837 or email firstname.lastname@example.org.
*Oliver Hume Research March 2018
**Dentsu Mitchell First Home Buyer Research 2017
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