Shoreline House & Land Catalogue

Page 3 Lendlease Shoreline Seven reasons to keep your new home dreams alive R E A S O N S T O K E E P D R E AM I N G 7 It’s ok to keep dreaming of building your dream home. There is plenty of government support plus very attractive interest rates and some great offers. It could just mean you can make the decision sooner than you think. 1 BANKS ARE OFFERING ATTRACTIVE INTEREST RATES The Reserve Bank of Australia cut official interest rates yet again to a record low 0.25% in March 2020. This means banks and other financial institutions are now offering very attractive home loan rates. 2 THERE’S A NEW SCHEME IN TOWN As of 1 January 2020, a new federal first home loan deposit scheme lets approved first home buyers take out a mortgage by providing just a 5% deposit without paying lenders mortgage insurance (LMI). Most banks usually ask for a 20% deposit and charge LMI for deposits less than that. The new scheme means approved first home buyers can access a mortgage with less money up front and no LMI. Plus, the new Federal Government stimulus package, HomeBuilder, provides eligible owner- occupiers (including first home buyers) with a grant of $25,000 to build a new home for a limited time. You can find out more, including eligibility criteria by downloading our FAQ sheet. 3 GRANTING YOU THE POWER TO BUY For Queensland residents a first home owner grant can be worth up tp $15,000. To check your eligibility for the First Home Owner Grant visit http://www.firsthome.gov.au/ 4 FULL OR PARTIAL EXEMPTIONS FROM DUTY A stamp duty exemption may be available for first home buyers. The exemption can lower the tax you pay when purchasing your property. Depending on purchase price, you can get partial or full exemption on stamp duty when you buy your first home, leaving you more money to spend on making your first place feel like home. 5 CHANGES TO THE ‘STRESS TEST’ The Australian Prudential Regulation Authority (APRA) has changed the ‘stress test’ banks are required to apply to see if the customers can repay residential home loans if the interest rates go up. The changes to the ‘stress test’ could allow more Australians to borrow the amount they need for their dream home. AND BAY NG VILLAGE VEHICLE FERRY REDLAND BAY GOLF CLUB 6 EXTRA INCENTIVES A competitive market for builders and sellers is good for new home buyers, with builders offering deals that can save you money on your new home. 7 MASTERFUL NEW MASTERPLANS When you build your new home, you also buy in to a wonderful new community. “We take a holistic approach to master planning,” Mark Fordham, Shoreline sales consultant says. “We focus on lifestyle and community benefits that provide a strong sense of belonging for new residents.” From schools and town centres to medical facilities, cafes and restaurants, building your new home comes with much more than new walls and a roof.