First homebuyers set to surge

first_img You’ll love this house to the moon and back First Home Buyer Buddy’s Daniel and Lisa Baxter are hosting a First Home Buyers Masterclass at Pimpama on February 28. First time buyers should see less competition given the retreat by investors. Prices on the Gold Coast and in Brisbane’s outer suburbs have not taken as big a hit as Sydney and Melbourne, but are still more affordable. Picture: Penny Stephens. Participants at First Home Buyer Buddy workshop.He said it was easier to get a new first home build with builders “certainly catering to this market in terms of locations of land and design”.But, he warned, that learning about the new build process, pitfalls, and even questions to ask were important for first timers.“It can be really confusing. Some of these building companies are like massive marketing machines, selling the dream and reeling in the buyer with low advertised pricing, and then hitting them up for extras and site costs that the first homebuyer thought were included.” Participants at a First Home Buyer Buddy workshop — organisers of one scheduled for Queensland at the end of the month have been inundated with queries.First homebuyers get ready, experts say conditions are right for a major surge — especially across South East Queensland.The triple effects of affordability, good lending options and a retreat by investors were creating the right conditions for the next generation of buyers, according to First Home Buyer Buddy co-founder Daniel Baxter.Mr Baxter, who’s had to double registration for his First Home Buyers Masterclass scheduled for Pimpama on February 28, said “a softening property market probably has a little to do with it, although Brisbane and the Gold Coast have come out almost unscathed compared to Sydney and Melbourne”. The suburbs where millionaires are being made Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours ago“Investors are retreating to some extent so they now feel like they have less competition and maybe a little more choice,” he said.“Property is still really affordable in these areas too, and you don’t have venture too far from the Gold Coast or Brisbane CBD to find a great house, apartments or land to build on. This is obviously extremely appealing for Millennials.”He said it was important to dispel myths, especially around home loans and deposits, for first time buyers.“These days they have so many more lending options than just going with one of the Big Four banks, who let’s face it, rarely have an appetite for first home buyers with small deposits.”Among the advantages for Queensland newbies was the state’s first homeowner’s grant of $15,000 for new builds.“It’s a very popular and affordable option for a lot of first-time buyers,” Mr Baxter said.“And then you also have access to stamp-duty concessions as well, which certainly helps.” FOLLOW SOPHIE FOSTER ON FACEBOOK MORE: Brisbane homes listed at $300klast_img

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