With the drop in official cash rate to .01 per cent by the Reserve Bank of Australia, now might be the right time to buy your first home or to invest. This move will see home loan rates at their lowest ever.
The low interest rate means a smaller repayment for those taking out a home loan. Homebuyers are in a favourable position; they can leverage the opportunity by seeking out the best home loan lender. The current interest rate is predicted to remain at this all-time low rate for the next 3 years.
Every dollar counts when you are buying a house. So, with low interest rates and other government assistance schemes in place, the decision lies with the homebuyer to embrace the market conditions as COVID -19 restrictions ease.
Current government incentives that are available for first home buyers and for new home builds are:
Accolade Estate in Rockbank has titled land ready to build on with a range of affordable house and land packages to suit. Available with a 5% deposit. To learn more, contact the Sales Team on 1300 268 629 or visit the Sales Office at 1220 Leakes Road, Rockbank by appointment.
