Springfield Rise House & Land Package

Page 2 Lendlease Springfield Rise at Spring Mountain “BASED ON AVERAGE HOUSE PRICES IN THE CAPITAL CITIES, FIRST HOME BUYERS COULD POTENTIALLY SAVE THOUSANDS IN LENDERS’ MORTGAGE INSURANCE FEES.” Shaun Hilleary Regional Sales Manager “I LOVE IT HERE! HAS EVERYTHING. REALLY FAMILY FRIENDLY, GREAT LAGOON AND NOT TOO FAR FROM THE CITY.” Jessica Preece Resident “IT’S SUCH A GREAT FAMILY ORIENTATED COMMUNITY... PARKS ON EVERY BLOCK, SPORTS FIELDS AND GREAT WALKS.” Stacey McLean, Resident Seven reasons to keep your new home dreams alive 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. *TERMS AND CONDITIONS APPLY REASONS TO KEEP DREAMING 7 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 to $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. 6 EXTRA INCENTIVES A competitive market for builders and sellers is good for first home buyers, with developers offering deals that can save you money on your first home. Lendlease is offering incentives on a range of blocks at Springfield Rise. Those building at Springfield Rise can enjoy $10,000 off selected lots. Check out these offers here. 7 MASTERFUL NEW MASTERPLANS When you buy your first home, you also buy in to your first community. “We take a holistic approach to master planning,” Shaun says. “We focus on lifestyle and community benefits that provide a strong sense of belonging for new residents.” From schools and town centres to shops, cafes and restaurants, building your first home comes with much more than new walls and a roof. DOWNLOAD OUR $25,000 GRANT FAQ SHEET