First Home Buyers “Priced Out of Market”?
Announcement posted by Origin Projects - Land & New Homes in WA 29 Jan 2015
Developer of house and land packages in Perth suburbs reveals why 2015 could be the best chance for first home buyers in the foreseeable future.
Perth, WA, 29 January 2015 - 2015 is shaping up to be an interesting year for first home buyers who are interested in house and land packages in the Perth area. Home prices didn’t reach the $600,000 mark that many economists projected. Thanks to what is being seen as “affordability issues” or an “affordability ceiling”, prices are projected to rise only 4% for 2015.
First home buyers accounted for 11.8% of home purchases in 2014; this represents an all-time low. 4Land Property Group’s Madeleine McErlain is doing what they can to help first home buyers attain the dream of home ownership. Ms McErlain is the marketing manager of 4Land Property Group and has a personal mission to help first home buyers obtain new house and land packages in Perth area planned communities such as The Terraces in Pearsall and Lago Vista in Sinagra.
According to Ms McErlain, “Since the beginning, 4Land Property Group has done everything we can to help first home buyers obtain homes. We develop land in areas where we feel people would want to live and offer land blocks at reasonable prices. Usually, our house and land packages cost less than the median established home in whatever suburb our land estate is located.”
The Terraces, located in Pearsall, has been one of 4Land Property Group’s most successful land estates and they are in Stage 4 of development. Lifestyle blocks are becoming rare in Pearsall, making the 517 sqm blocks in The Terraces a bargain with prices from $375,000. There are currently five blocks left in Stage 4.
Lago Vista is located in Sinagra. 4Land Property Group has released four blocks in their limited Stage 1 release. There is only one block left at a very affordable price of $293,000. This presents a great opportunity for young families to buy their first home, as they are able to purchase a house and land package for under $500,000 and save on stamp duty. Lago Vista is elevated, offering a great view over Lake Joondalup. It is in proximity to plenty of amenities and infrastructure and is surrounded by high quality homes.
According to Ms McErlain, 2015 could be a crucial year for first home buyers:
“The numbers support the theory that investors are pricing some first home buyers out of the market. It seems as though they are taking a temporary hiatus during the first part of 2015. This could be the last great opportunity for many first home buyers to find affordable homes.”
Ms McErlain concluded: “With the First Home Owner Grant (FHOG) of $10,000 for new homes and reduced stamp tax duty, buying a new home of moderate price and high quality is the best strategy for many first home buyers to attain their dream of home ownership. At 4Land Property Group, we are doing our best to help that dream become a reality.”
4Land Property Group offers house and land packages in the Perth area. They specialise in developing affordable homes in great locations that are primed for long-term growth. They strive to make buying house and land packages easy for first home buyers in Perth suburbs, including Pearsall and Landsdale. For further info, call 1300 GO 4LAND or check out their webpage: http://www.4land.com.au/.
First home buyers accounted for 11.8% of home purchases in 2014; this represents an all-time low. 4Land Property Group’s Madeleine McErlain is doing what they can to help first home buyers attain the dream of home ownership. Ms McErlain is the marketing manager of 4Land Property Group and has a personal mission to help first home buyers obtain new house and land packages in Perth area planned communities such as The Terraces in Pearsall and Lago Vista in Sinagra.
According to Ms McErlain, “Since the beginning, 4Land Property Group has done everything we can to help first home buyers obtain homes. We develop land in areas where we feel people would want to live and offer land blocks at reasonable prices. Usually, our house and land packages cost less than the median established home in whatever suburb our land estate is located.”
The Terraces, located in Pearsall, has been one of 4Land Property Group’s most successful land estates and they are in Stage 4 of development. Lifestyle blocks are becoming rare in Pearsall, making the 517 sqm blocks in The Terraces a bargain with prices from $375,000. There are currently five blocks left in Stage 4.
Lago Vista is located in Sinagra. 4Land Property Group has released four blocks in their limited Stage 1 release. There is only one block left at a very affordable price of $293,000. This presents a great opportunity for young families to buy their first home, as they are able to purchase a house and land package for under $500,000 and save on stamp duty. Lago Vista is elevated, offering a great view over Lake Joondalup. It is in proximity to plenty of amenities and infrastructure and is surrounded by high quality homes.
According to Ms McErlain, 2015 could be a crucial year for first home buyers:
“The numbers support the theory that investors are pricing some first home buyers out of the market. It seems as though they are taking a temporary hiatus during the first part of 2015. This could be the last great opportunity for many first home buyers to find affordable homes.”
Ms McErlain concluded: “With the First Home Owner Grant (FHOG) of $10,000 for new homes and reduced stamp tax duty, buying a new home of moderate price and high quality is the best strategy for many first home buyers to attain their dream of home ownership. At 4Land Property Group, we are doing our best to help that dream become a reality.”
4Land Property Group offers house and land packages in the Perth area. They specialise in developing affordable homes in great locations that are primed for long-term growth. They strive to make buying house and land packages easy for first home buyers in Perth suburbs, including Pearsall and Landsdale. For further info, call 1300 GO 4LAND or check out their webpage: http://www.4land.com.au/.