Incentives to help on the road to home ownership

Incentives to help on the road to home ownership

It took four years of saving, but first homebuyer Angel Pun says it was worth it to no longer be paying rent.

The marketing consultant was just 31 when putting down a deposit on one bedroom apartment in the Discovery Point development at Wolli Creek, in Sydney’s south.

“The hardest part was to save enough deposit with property values rising,” she said.

“I feel a lot more liberated to have my own place as I have a hundred per cent autonomy to do what I want with the place.

“It has given me a great sense of achievement and happiness as opposed to renting somewhere.”

Ms Pun is among a line-up of speakers at a special seminar aimed at first time buyers looking to take advantage of the current market. The event, run by developers Frasers Property Australia in Sydney next week, will also include Nerida Conisbee, Chief Economist, REA Group and Nathan Kerr from Astute Finance.

“The process can be a bit overwhelming but I think by sharing my experience with other people it will help them,” Ms Pun said.

The seminar to be held at the Four Points by Sheraton, Central Park on Thursday, February 7

and include topics such as trends, market outlook and how to secure a home loan.

It will also detail first homebuyers incentives for those keen to purchase in a masterplanned community, such a contribution of up to $20,000 towards their new home in eligible developments.

“There has been a big shift in the property market in the past 12 months, and this is the perfect opportunity for first home buyers to find out more about the current state of the market and what it means for them,” said Nigel Edgar, General Manager of Residential NSW, Frasers Property Australia.

“Purchasing a property is one of the biggest investments a person will make so it’s important buyers have the right information so they can feel more confident about the decisions they are making.

First homebuyers attending the seminar will have the opportunity to mingle with panellists, ask questions and access exclusive event offers. Other incentives include legal fee contributions of up to $1500 and discounted furniture packages.

Fraser Property’s projects suitable for first homebuyers include their Ed Square project, situated adjacent to Edmondson Park railway station, in Sydney southwest.

It will include 992 apartments and 892 terrace and townhomes set on more than six hectares of open space, plus retail outlets.

It has been priced so purchasers can take advantage of the NSW Government’s first homebuyer assistance scheme or first homeowner grant.

Complexes such as The Easton, within Ed Square, can currently be secured with a five per cent deposit.

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