Real Estate FROM COAST TO COUNTRY
First-home buyers boost Hot property By Jo Kennett
from Canstar shows that someone on an income WHILE THE home of your of $98,218 would see a dreams may still seem out $27,000 boost in their of reach, there’s a good borrowing power if the chance your borrowing Reserve Bank delivers on capacity will soon increase those cuts. by tens of thousands of That increase in capacity dollars, with analysts saying could see buyers able to it’s a good time to buy. Australia’s big four banks, borrow up to $419,000 compared to $392,000 CBA, NAB, Westpac and ANZ, are all forecasting at now, while for a couple the $63,000 difference means least three 0.25 per cent being able to borrow cash rate cuts by the end $969,000 after rate cuts of 2025, with one bank predicting there could be as compared to $906,000 now. If there were six rate many as six by then. cuts by the end of 2025, The latest research
singles could see their borrowing power rise by nearly $60,000 and couples by $134,000. However, Canstar finance expert Steve Mickenbecker warned buyers that potential property price rises could mitigate the benefits of waiting for interest rate cuts. “First-home buyers don’t have the luxury of waiting as they grapple with weighing up the borrower’s power recovery against rising home prices,” he said.
“New buyers should look into all the options available to them to get a foothold. “It can make a difference to put savings into a high interest account, maybe even the government’s First Home Super Saver Scheme and investigate stamp duty exemptions, grants and shared equity options. “Anyone looking to buy will also need to be selective about their loan choice. It’s about getting the lowest rate offer to maximise their borrowing capacity. “Rate cuts will deliver a release from the holding pattern as buyers will be able to borrow more.”
OUR HOT Property this week is truly special. Not only is it a beautifully renovated historic charmer, this rural haven is just minutes from Kirra Beach and all the action and excitement of the southern Gold Coast and Tweed Heads. Number 19 Quambie Road, Cobaki, is a four-bed, three-bathroom home on 3.43 hectares with a large saltwater pool, a tennis court with lights, a spring-fed dam, horse facilities and everything you need for funfilled, happy days. Built in 1880, the property has been tastefully renovated while preserving its historic charm, with hardwood floors throughout. It’s near the M1, for an easy trip to Brisbane, the Gold Coast or Byron Bay. The property is zoned RU2 with diverse potential uses appealing to those seeking innovation. It has 33 solar panels and a 8.2kw inverter It has a four-bay farm equipment shed, fruit trees and raised garden beds, a flat riding area and a spring fed dam. Ducat Park is on the market with Guy Ethell at Real Specialists Coolangatta so give him a call if you would like to take a look at this beautiful property.
Relief is in sight for first-home buyers
• 33 George Street, Murwillumbah 11:30-
12:00pm
Saturday, April 13
• 81 Jacaranda Avenue, Tweed Heads West
• 48 McLeod Street, Condong 1-1:30pm • 15 Yalla Kool Drive, Ocean Shores 1-1:30pm
JET
TATE
• 1 Tombonda Road, Murwillumbah 9:30-
Wednesday 4-4:30pm
DJ Stringer Property Services • 6/24 Dutton Street, Coolangatta 9-9:30am
• 1 Worendo Place, Banora Point Monday
4-4:30pm
10:00am
5-5:30pm
• 110 Caloola Cres, Tweed Heads 10-10:30am • 4/3 Island Dr, Tweed Heads 10-11:00am
Our Community Comes First We all live and work here in the beautiful Northern Rivers and we’re serious about doing right by our community. We value the relationships we form with our clients and potential buyers and personally communicate all the way through the sales process. After all, we’re going to be neighbours.
02 6672 2499 jetrealestate.com.au SELLING . BUYING . PROPERTY MANAGEMENT
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THINKING OF SELLING? CALL THE TEAM TODAY Jason Dittmar 0477 711 858 Elizabeth Hickey 0474 908 555 Tania Sheppard 0438 446 578
90228
Open Homes
• 1 Almac Avenue, Murwillumbah 10:30-11:00am • 19 Seaview Road, Banora Point Monday