First Home Buyers "Perfect Storm"

Without a doubt this is a great time to be buying your first home.

If you're buying your first home there are 3 main things working in your favour.

1. Govt. Grant
As we all know the Federal Government has doubled the first home buyers grant to a whopping $14,000. In addition to this, if first home buyers build a new home and live in it they will receive an amazing $21,000!

2. Interest Rates
Since mid 2008 interest rates have been on a steady decline. The main reason for this is that the Government and Reserve bank want to keep the economy moving. One way to acheive this is by reducing the "cost" to the individual of borrowing money in order to do things like buying a home. In a nutshell the Govt. & Reserve Bank is trying to make it easier for yo to buy a home.

3. Steady Property Prices
The majority of the country is experiencing a soft market where prices are not increasing. Property prices in some areas have reduced but Tasmania has managed to remain steady. The main point to remember here is that "property prices are not increasing". This means that it's still a great time to buy.


The Perfect Storm

This is the best opportunity first home buyers of any generation have ever had. The amount of Govt. support on offer coupled with the current market conditions really has created what I like to call the first home buyers perfect storm. If you're thinking of buying your first home the only thing left to do is act. You may never again have a better opportunity to buy than right now. Get out there and start looking for your home today.

P.S. If you're a seller, great. Look at all of these people out there who are facing the best opportunity in their lives to buy.

For any advice selling or buying - Halliwell First National Real Estate

www.halliwellfn.com.au
(03) 6424 1496

Alan Halliwell - Director