Grab slice of Mur'bah and Pottsville land from $180,000
A RECENT move by the NSW Government to provide stamp duty concessions and increase the first home buyers grant has resulted in a relaunch of two new housing developments in Pottsville and Murwillumbah.
Real estate group Oliver Hume has been appointed to do the marketing of the Seabreeze development in Pottsville which will see 23 lots go to market at a starting price of $225,000 and the Riva Vue housing estate in Murwillumbah where buyers will have the choice of 30 lots starting from $180,000.
The government increased the first home buyers grant to $15,000 and removed all stamp duty for property priced up to $550,000 which equates to a further saving of $20,240.
Oliver Hume Queensland joint managing director Brinton Keath said the projects would appeal to buyers looking for an affordable sea or tree change with up to $35,000 in government incentives now available for eligible first home buyers.
"Buyer activity on the Tweed has substantially increased since the introduction of new government incentives and as a result we are seeing a number of new development projects coming online or being re-activated to meet growing market demand.
"With these incentives set to be available until 2015, developers recognise that there is a window of opportunity and are acting quickly to meet increased buyer interest."
Mr Keath said there was a noticeable shift in buyer trends on the Tweed and Gold Coast.
The Tweed coast was fast becoming one of the most active regions for new development across the south-east and renewed confidence in the market would lead to excellent opportunities for savvy buyers.
"Establishing a foothold in the Tweed market was a key objective for us as we believe this market is poised for an upswing, with buyer activity soaring in recent months," Mr Keath said.