As at 1st July 2017 the New South Wales government has made concessions for First Home Buyers of property purchases.
- Stamp duty on all homes to a value of $650,000 has been abolished
- Stamp duty relief has been offered on homes from $650,000 to $800,000
- There is a $10,000 grant for builders of new homes up to $750,000 – and purchasers of new homes up to $600,000
- Insurance duty on lenders’ mortgage insurance has been abolished
- Foreign investors are now required to pay higher duties and land taxes
- Investors cannot defer paying stamp duty on off-the-plan purchases
For more information, go to https://www.nsw.gov.au/improving-nsw/projects-and-initiatives/first-home-buyers/
So many families have begun the exciting journey to owning their own new home in a Yeramba Estate. Our new subdivision in Hamlyn Terrace on the Central Coast has introduced a new generation of happy land owners to this adventure.
First Home Owners can achieve their own home amongst the Hamlyn Terrace community. Affordable, well managed land subdivisions created by a reputable company such as Yeramba Estates, eases the concerns and leaves only the pleasure of building and owning a lovely new home. Always there for advice, Yeramba’s experience and knowledge is shared with our clients. As well, Empty Nesters and Upgraders find the Yeramba Estate community is a great investment for the future.
130 subdivisions in 52 years – Yeramba knows, Yeramba cares and our clients keep coming back.
For more information about our latest subdivision Hamlyn Grove, please contact Yeramba Estates on 94115155 or email@example.com
With housing affordability an ongoing issue in Sydney and median house prices now nudging $1.1m, more young couples and families are choosing to move to the Central Coast to get more “bang for their buck” and for the obvious lifestyle benefits of coastal living.
Many home buyers are simply giving up on Sydney and looking to other markets for a lifestyle change. The Central Coast remains popular due to its easy access to both Sydney and Newcastle for commuters” said Godfrey Franz of Matrix Property Group.
“The Central Coast still offers a range of large, well located land parcels that are sometimes already zoned for residential development,” said Mr Franz.
Please contact Yeramba Estates to be included in our database for more information about our new subdivisions – Land for Sale
Check out our Hamlyn Grove page to see our latest Estate in Hamlyn Terrace
Desperate househunters who cannot afford Sydney’s skyrocketing prices are turning to the Central Coast, where they’re snapping up homes for half the price.
Experts say the lure of the beach is also encouraging millenials – otherwise known as Generation Y – to make the trek north.
“Sydneysiders are being pushed from Sydney by high house prices, but the Central Coast has a lifestyle pull factor,” demographer and social researcher Mark McCrindle said.
“(It’s) now being seen by this next generation – Generation Y – as a place to live, work and raise children, not just to holiday or retire.”
The Central Coast’s median house price is $550,000 – almost half Sydney’s $900,000 figure. ABS data shows the region has had the fourth-largest population growth in the state over the past year.
Central Coast agents say up to 60 per cent of buyers at open homes come from Sydney.
Reproduced in part from article by Jill Stevens of Sunday Telegraph 9.4.2017
Please contact Yeramba Estates to be included in our database for more information about our new subdivision. There will be several larger lots, perfect for investor projects.
Check out our Hamlyn Grove page for more information.