What you should know about buying new homes

Available government incentives make buying a new property in the Campbelltown region an attractive proposition for first home buyers, owner occupiers, and investors.

The current government incentive for first home owners who purchase or build a new home up to the value $650,000 is $15,000. There are also concessions on duty for first home owners (see www.osr.nsw.gov.au or call them on 1300 130 624).

For everyone else who purchases a new property, whether off-the-plan or newly built, with a value up to $650,000, there is a $5000 grant available. The $5000 grant is also available to buyers of vacant land that is intended to be the site of a new home valued up to $450,000.

To get the $5000 grant, the purchaser can be any entity, a person, a company, or a trustee of a trust. It is available to investors as well as owner occupiers. However, applications for the grant must be made within three months of the date of execution of the agreement for sale or of the transfer.

Off-the-plan apartments are an obvious fit for the NSW Government’s $5000 grant. Off-the-plan apartments are becoming more popular in Campbelltown for many reasons. Firstly they are mostly positioned close to the CBD for easy access to all amenities including shopping, restaurants and essential services. Apartments are also located close to all the main transport hubs – freeways, train, and bus routes for ease of getting around. These features save time and money, and are attractive to owner-occupiers, investors and their tenants.

Developers of off-the-plan apartments truly know what buyers are looking for. They design attractive and functional eco-friendly modern apartments with quality fixtures and fittings. They know Australians love the outdoors, and so many include entertaining/BBQ areas, large balconies, great aspects, gardens and park areas.

Most modern developments also have sophisticated security systems and secure car parking areas.

Dougmal Harcourts – The Property People have many new homes and off-the-plan developments currently for sale.