What great news for home buyers the reserve bank has lowered the interest rates yet again. The interest rate cuts are making home loans more affordable and there are still plenty of cost effective homes in the market place.
Apartments are not the flavour of the month at the moment with more home buyers purchasing standalone properties. One reason for the move away from the apartment option is the ongoing body corporate fees and these fees can become very expensive. Home and land packages are also a preferred option at the moment and they have a few great advantages over existing properties.
There are no stamp duty costs involved with the build just the land. Another great reason is the house and land package are paid in stages as the building progresses not all at once like an existing property enabling you to save more money.