Sell with Confidence
Read More

Majority of First Time Buyers Choose Established Property

By Matt Hurlston

The majority of first-time buyers in Victoria choose to purchase a property that is already established, rather than a new-build home, according to the state’s real estate body.

Enzo Raimondo, chief executive officer of the Real Estate Institute of Victoria (REIV) asserted that the state government should therefore not make changes to the First Home Owners Grant, as this could negatively impact first-time buyers.

The $7,000 grant is set to be abolished on July 1, and Mr Raimondo says that other government grants to support buyers should be increased as a result.

Rather than changing the system every year, he suggested that exempting first-time buyers from stamp duty charges could be a more effective way of encouraging their participation in the property market.

If you are a first-time buyer in Melbourne who is keen to make your move in the property market before the grants are changed at the beginning of the new financial year, contact the team at Ray White Carnegie.

We can help you find the perfect Carnegie real estate to suit your needs and can talk you through the entire purchase process.

Up to Date

Latest News

  • Heartfelt Hughesdale Sale

    Homely Hughesdale house sold to the renters next door by Hughesdale sales agents Jin Ling and Matt Hurlston, with an exemplary outcome. With many schools in Hughesdale such as Hughesdale Primary School, St Anargiri Greek Orthodox College, Sacred Heart Girls’ College, as well as both Caulfield and Clayton Campus for … Read more

    Read Full Post

  • Caulfield Property Management

    Median House Price in Caulfield (Rentals) – $699 per week Median Unit Price in Caulfield (Rentals) – $430 per week Just Leased in Caulfield: 1/16 Kean Street – $685 per week 202/888 Glen Huntly Road – $360 per week 2 Urandaline Grove – $1000 per week 207/888 Glen Huntly Road … Read more

    Read Full Post