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Exemplary Suburbs to Consider when Looking for House and Land Packages

Exemplary Suburbs to Consider when Looking for House and Land Packages | BuzzHomes | Scoop.it

When you are in the process of determining where to buy or build the home of your dreams, you’ll need to factor in the location first and foremost. After all, location significantly contributes to your lifestyle and overall satisfaction for many years to come.

You’ll find that most leading developers allow you to choose lots in and around major metropolitan areas such as Perth. Many of the suburbs around Western Australia’s capital city are considered ideal locations for first home buyers in search of house and land packages. The following places come to mind when talking about favourable residential areas.

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The Home Buying Process: A Brief Guide for First Home Buyers in Perth

The Home Buying Process: A Brief Guide for First Home Buyers in Perth | BuzzHomes | Scoop.it

Buying a home is a crucial financial decision, and the experience can prove overwhelming for first home buyers. As reported in a RealEstate.com.au article, Mortgage Choice cites that for every five people buying a home for the first time, four don’t feel informed enough.

Whilst a home purchase is not as simple as buying something from a store, the process does not have to be fraught with pitfalls. Here are a few tips on how to make a smart home buying decision.

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Home Builders: Finding a Suburb in Perth that Suits Your Lifestyle

Home Builders: Finding a Suburb in Perth that Suits Your Lifestyle | BuzzHomes | Scoop.it

Choosing where to lay the foundation for your first home is a matter of priorities, needs, and lifestyle preferences. If you’d like a taste of the city life, there’s nowhere better to settle in than the coastal city of Perth, WA. With its famed beaches, pleasant Mediterranean weather, job opportunities, and love for the outdoor lifestyle, Perth is the place to be for many West Australians.

The city is pretty big, however, and each area has its unique charms and advantages. Home builders recommend that you get the lay of the land first before construction of your new home begins to ensure a good lifestyle fit.

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3 Facts You Probably Didn’t Know About the First Home Buyers Grant

3 Facts You Probably Didn’t Know About the First Home Buyers Grant | BuzzHomes | Scoop.it

The First Home Buyers Grant, also referred to as the First Home Owner Grant (FHOG), is a one-off, genuine grant funded by the Western Australian Government. You can take advantage of it should you decide to purchase your very first house and land package here in Perth. Full information is available through the Department of Finance website. Meanwhile, here is a preview of three little-known facts about the FHOG application process.

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Surveys Say Aussie Buyers of New Homes for Sale are Getting Older

Surveys Say Aussie Buyers of New Homes for Sale are Getting Older | BuzzHomes | Scoop.it

First home buyers are widely perceived to be people in their mid to late 20s. However, that conception may need to be re-evaluated, considering that surveys from 2011 onwards have shown that an increasing number of Australian first home buyers are well over their 30s. More recently, a report by realestaview.com.au uncovered that over 60 percent of first home buyers are now aged between 30 and 49 years old.

Some industry groups and analysts have attributed the trend to more people saving for longer and purchasing later in life when they are in a better financial position. This theory appears to coincide with the reasons given by those surveyed: Financial security via the property ladder was the greatest motivator for most first time buyers.

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Buying House and Land Packages in Perth: What Does Going Solo Entail?

Buying House and Land Packages in Perth: What Does Going Solo Entail? | BuzzHomes | Scoop.it

You’re single, you have a sizeable savings account, and you’re excited to start a new chapter in your life. Would you rather be buying a house or travelling the world? Not all people in their 20s accomplish both goals before turning 30, which many Australians dream about and consider rites of passage.

In Perth, many single persons tend to opt for home ownership rather than one-way tickets to other countries. In fact, about one in four first-time buyers—or a little less than 25 per cent of that population—gets a mortgage and buys a property. The number of these single-person households is expected to grow in the coming years.

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Home Builder Considerations and Saving Money on a New Home in Perth

Home Builder Considerations and Saving Money on a New Home in Perth | BuzzHomes | Scoop.it

A new set of data shows that housing block sizes in Perth continue to shrink. According to the Herald Sun, data from the Urban Development Institute of Australia (WA) shows that the typical housing block size is now smaller, on average, by 123 square metres from seven years ago.


Industry experts say this is not necessarily a bad thing. For one, most homes are now being built to maximise the use of space. In response, home buyers’ preferences are shifting towards houses built bigger in relation to block size.

 

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House and Land Packages in Perth: Tips to Avoid Unnecessary Costs

House and Land Packages in Perth: Tips to Avoid Unnecessary Costs | BuzzHomes | Scoop.it

Many first-time homeowners find the prospect of building their homes from scratch more appealing than buying pre-owned properties for one simple reason: They get a deeper sense of ownership. If you’re currently exploring the Perth property market, you’ve probably already come across house and land packages.

For first-time homeowners, house and land packages make ideal purchases because these remove the need for arduous searches and intricate paperwork that usually characterise the path to home ownership. For instance, builders such as BuzzHomes offer a comprehensive range of services, from financing and design down to the actual construction and turning over of keys. Additionally, such firms build in well-managed, convenient, and peaceful communities.

 

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New Homes for Sale in Perth: 4 Easy Ways to Save on Home Construction

New Homes for Sale in Perth: 4 Easy Ways to Save on Home Construction | BuzzHomes | Scoop.it

A new home construction can be an exciting time for you, but if you are not prudent, you might struggle to stay within budget. Nobody wants to buy something and regret it afterwards, especially a huge investment like a new home.

You don’t have to be a financial guru or real estate expert to know how to save money. Here are a few tips from Good Financial Cents that can help keep your budget intact as you start building your dream home.

Visit display homes.

You can envision how you want your dream home to look like, but does your vision consider the plumbing, HVAC, electrical, and rainwater drainage systems? If not, you might want to talk to a friendly home builder in Perth and ask to see their display homes or on-going projects for clients in different areas. Their newly constructed properties can give you a lot of fresh ideas. This leads to the next point.

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House and Land Packages in Perth: Which Suburb Should You Select?

House and Land Packages in Perth: Which Suburb Should You Select? | BuzzHomes | Scoop.it

Foreign investors are snapping up residential properties in Western Australia. According to the NAB’s survey last March, these investors accounted for about 15.6 per cent of new home sales across the country and spend within $500,000 to $1 million on average. One in five people who purchase in WA (mostly in the inner city areas) aim to redevelop the property.

Apart from these investors, there are, of course, Aussies who buy homes in Perth, that they themselves will occupy. Whether you’re migrating to Perth, transferring from a nearby rental place, or moving out of your parent’s home, you need to pick your suburb smartly and find a suitable home that suits your lifestyle. Here are a few tips for first-time buyers of house and land packages in Perth.

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Buying House and Land Properties for Investment: What You Need to Know

Buying House and Land Properties for Investment: What You Need to Know | BuzzHomes | Scoop.it

According to banking analyst Martin North from Digital Finance Analytics, a good number of first home buyers (FHBs) are purchasing their first ever homes not as owner-occupiers, but as investors. Speaking at the release of the latest J.P. Morgan Australian Mortgage Industry Report, North said that oversaturated markets in Australia—where owner-occupier loans are virtually impossible to obtain—have forced FHBs to get interest-only loans for investment properties backed by rental income.

FHBs are being denied access to the residential property market in past decades because the average price-to-income ratio in Australia has now ballooned by a factor of 9 (a few decades ago, the multiplier was as low as 3 times). Yet instead of being frozen out of the residential property market, young FHBs are simply switching how they penetrate it to take better advantage of tax privileges widely available to investors.

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Top Reasons Why House and Land Packages are Popular Options in WA

Top Reasons Why House and Land Packages are Popular Options in WA | BuzzHomes | Scoop.it

Purchasing a home is a major financial decision for most families, especially for first-time buyers. Fortunately, many viable choices are open to buyers in Perth and other areas of Western Australia. Take house and land packages, for instance.

These packages include both the new house and the parcel of land where it is built. The details go beyond that, however; a Home Improvement Pages article notes that not every package is the same. In some cases, a single builder or developer may offer different varieties.

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Want an Affordable Home Built from Scratch? Choose a Good Home Builder

Want an Affordable Home Built from Scratch? Choose a Good Home Builder | BuzzHomes | Scoop.it

Building your own home has a lot of benefits. For instance, you can have complete control over the design, location, budget, and your choice of home builder. Believe it or not, building a home from scratch in Perth—or anywhere else in Australia, for that matter—may actually be a more economical choice than buying a pre-existing one. Choose a competent and competitive builder, and you’re looking at a lot of savings that could go to other important things you may have lined up for the future. Here are a few ways building your dream home can help you save big.

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House and Land Packages in Perth: An Overview of Construction Loans

House and Land Packages in Perth: An Overview of Construction Loans | BuzzHomes | Scoop.it

If you ever decide to purchase an established home, the entire amount of the loan will be drawn to pay for the property as soon as the contract is signed. You simply have to make monthly repayments until the loan is fully paid off.

If you opt to build a property, however, as in the case of house and land packages, this kind of setup is considered less than ideal. Amongst other things, you will have to pay for the loan on the finished property even though it is still under construction. To avoid having to pay a high interest rate, you might want to obtain a construction loan.

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What First Home Buyers Should Avoid As They Hop on the Property Ladder

What First Home Buyers Should Avoid As They Hop on the Property Ladder | BuzzHomes | Scoop.it

When it comes to stepping on the property ladder, it’s important to start off on the right foot. First home buyers in Perth may find the latest real estate market reports, industry news, and expert tips frankly confusing. Yet certain pieces of advice have real merit and will genuinely help you secure a home.

Avoid these common slipups so you can step up with confidence on the property ladder very soon.

Losing Sight of Your Goals, Straying from Your Priorities

First, determine your goals and set priorities. Write down everything you want to see in the home you are building, and make it a priority to save for a deposit. Along the way, you may have to cut down on your leisure travel, luxuries, and other non-essential spending so you can reach your goals on time (or even earlier than expected).

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How Home Builders in Perth, WA Help You Live a Sustainable Lifestyle

How Home Builders in Perth, WA Help You Live a Sustainable Lifestyle | BuzzHomes | Scoop.it

It pays to consider sustainability and environmental responsibility in every choice you make these days. You can feel good knowing that you are helping the environment on some level and at the same time take delight in all the health and economic benefits that come with sustainable living. If you are in the market for a house and land package in Perth, then adopting a more sustainable lifestyle can help you enjoy those same rewards for years or even an entire lifetime.


With a new home construction, you can have more control over the outcome and ensure that the property has zero negative environmental impact. The same may not be true of existing homes that may have been built at a time when sustainable and green designs were not as highly valued as they are today.

 

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Financing Your Home Building in Perth via the First Home Buyers Grant

Financing Your Home Building in Perth via the First Home Buyers Grant | BuzzHomes | Scoop.it

If you are considering having your new home built in Perth, you’re probably aware of what house and land packages are and how the First Home Buyers Grant (also called the First Home Owners Grant or FHOG) helps make a property more affordable. This government-supported source of funding can give you more financial breathing room, provided you are eligible.

The FHOG was initiated by the Federal Government to help offset the effect of the Goods and Services Tax (GST), which first home buyers in Perth and in other states have to pay when purchasing a previously owned residence or building one from scratch.

 

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Perth House and Land Package: Ensure Your New Home’s Eco-Friendliness

Perth House and Land Package: Ensure Your New Home’s Eco-Friendliness | BuzzHomes | Scoop.it

More and more Australian first-time homebuyers are becoming eco-friendly consumers. Are you one of them? How do you make your new home purchase more energy efficient and sustainable? Here are some of the home construction details you’ll need to discuss with your Perth house and land package specialist.

Waste Minimisation
Building waste comprises 42 percent of Australia’s solid waste. It’s disheartening to see how most manufactured materials that took considerable energy and resources to produce just end up in a landfill. To minimise waste, the three Rs’ of waste minimisation—reduce, reuse, recycle—must be observed throughout the planning and construction process.

 

 

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How Parents Can Help First Home Buyers in Perth Step into the Market

How Parents Can Help First Home Buyers in Perth Step into the Market | BuzzHomes | Scoop.it

Numerous Aussies have taken advantage of the First Home Owners Grant (FHOG) to supplement their budgets when purchasing a home for the first time. The good news is that you can still qualify for up to $10,000 in government assistance when you build a new home as this provision has not been stricken from Western Australia’s state budget for 2015-2016. Moreover, stamp duty concessions and land tax for family homes remain as is.

Plenty of home loans are also being approved within the state, as noted by the Australian Bureau of Statistics. From 53,811 approvals in February, loan approvals in March rose to 54,686; total housing loans financed were valued at $31.62 billion. It is interesting to note that a 1.6 per cent increase in housing loans was tallied for owner occupiers. The figures are in accordance with the Reserve Bank’s move to lower the official cash rate to 2.25 per cent and exceed the expectations of local economists.

 

 

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