FIRST-home buyers are snapping up vacant land in Murwillumbah and Pottsville to take advantage of a $15,000 discount offered by the estates' developer on top of $24,000 in government handouts.
With the June 30 deadline to apply for $24,000 in government grants to build a new home looming, first-home buyers will never have a better opportunity to buy a bargain on the Tweed, according to long-time local agent Lance Cotterill.
“My feeling is that first-home buyers would be stupid to miss this opportunity to get into the market because the market is flat and they can access the government grants and won't have to pay stamp duty.
“There is also the $15,000 discount being offered by Metricon at both Riva Vue and Seabreeze Estate, as well as the discounts and incentives that are being offered by builders. The savings are too good to pass up.”
Two of three blocks sold last week at the Riva Vue development in Murwillumbah were to first-home buyers, and more than 50 per cent of enquiries for the land release were from the same group of buyers, Mr Cotterill said.
“First-home buyers are purchasing house-and-land packages for as little as $345,000 at Riva Vue and $450,000 at Pottsville, which is cheaper than existing homes in those areas,” he said.
A second information evening for first-home buyers will be held at the Tweed Heads Bowls Club on March 17 from 6.30pm. To book, call (07) 5536 2533.