Let’s buy a Home together.
It’s a significant decision, so having someone to guide you through it is beneficial.
Purchasing a home is one of the most significant decisions you will make in your life.
We’re here to assist you by ensuring that you have all of the information and options you need to locate the financing solution (for the house you desire).
It’s why, in order to acquire a home loan, more than half of Australian borrowers now utilise a broker.
Common questions for home builders.
If you want a new home but don’t want to build it yourself, an off-the-plan purchase could be the right solution. Although you won’t have as much control over the design as you would with a custom-built home, most off-the-plan developments allow you to customise the finishes and fittings. Check your contract to see what you can customise and if there are any additional expenses.First-home-buyer advantage
Various incentives are still being offered to first-time homebuyers, which may increase the appeal of buying off the plan.
Concessions differ by state and territory, and some have been reduced since January 1, so check your state or territory’s website for the most up-to-date information on grants and exemptions.You can also use www.stampdutycalculator.com.au to see if you qualify for stamp duty discounts on new homes.
Due to the tax* advantages of depreciation on new properties and rental guarantees, off-the-plan flats are frequently actively marketed to investors.The amount of tax savings will vary depending on your specific circumstances, but the bigger the depreciation allowance for the building and fittings, the better.
When they hand over their money in return for a floor plan, many buyers are caught up in a wave of escalating home prices.Property has historically been a stable long-term performer, although economic conditions can cause prices to plateau or even decrease.
Buyers should also be aware of oversupply, which could lower the value of their home.
If you’re buying off the plan, make sure you think about the overall picture.Examine how many other developments are planned in the region, as well as whether any increases in apartment numbers are justified by new or upgraded infrastructure, such as transportation routes, commercial districts, universities, or hospitals.
Make sure you buy from a trustworthy builder and do your homework on their previous work.
Do they choose reputable contractors?
Are their projects completed on time?
Make a point of visiting some of their projects to get a firsthand look at the finished outcome.
- Investing in the proper people to have on board before making such a significant investment is money well spent.Before you sign any contract, make sure you receive competent legal guidance and consult with your financial advisor or tax specialist to ensure you’re getting the best advice possible from the start.
- Ascertain that your payment will be repaid if the project does not proceed by a specific deadline.
- As much information as possible regarding the end product should be included in the contract.
- Make sure you know what finishes and fixtures you can change.
- Find out if you can sell your home while it’s being built in case your circumstances change.
- Inquire about seeing the construction site during the process.
- Consult your mortgage broker for more information.
