First Home Buyers Receive Budget Boost
The Federal Budget announces new initiatives for first-time buyers.
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Under a number of new initiatives announced by the government in the 2021-22 Federal Budget overnight, first home buyers are set to be offered a helping hand.
As property prices rise at the fastest month-on-month rate in 33-years, Treasurer Josh Frydenberg has announced three key measures designed to assist those looking to get a foothold in the Australian property market.
The government’s already existing first home buyer’s scheme will be boosted by another 10,000 places. This sees buyers only need a 5% deposit to secure a home. The other 15% needed to avoid paying the lender’s mortgage insurance (LMI) will be fronted up by the government, and eventually repaid.
Further, a new initiative sees single parents able to purchase a home with just 2% deposit. Named the Family Home Guarantee, eligible single parents will be able to build a new home or purchase an existing home with a minimal deposit. As above, places are limited – with applications to open from July 1, 2021 and will offer 10,000 places over four years.
Finally, the First Home Super Save Scheme will allow first-timers to access as much as $50,000 from their superannuation to purchase a house. The scheme has been expanded from the previous limits of $30,000
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
The home in the village of Sagaponack has plenty of balconies to take in the surrounding water views
3 min
A waterfront home in the Hamptons village of Sagaponack, New York, is on the market for the very first time.
Asking $25.95 million, the gray shingle-style home was built in 2008 by the seller and has since been available as a summer rental, but it’s never been up for sale.
Designed by architect Faruk Yorgancioglu, the “waterfront home offers privacy and panoramic beauty that cannot be duplicated under today’s zoning laws,” said co-listing agent Marilyn Clark of Sotheby’s International Realty – Bridgehampton Brokerage.
The seller bought the property, which at the time had two small structures, at auction in 2005 for approximately $2 million, according to co-listing agent Deborah Pirro of Daniel Gale Sotheby’s International Realty. Mansion Global could not contact the seller.
The home hit the market Thursday, and in addition to Clark and Pirro, it is co-listed by Raquel Lopez of Sotheby’s International Realty – Bridgehampton Brokerage and Diane Anderson of Daniel Gale Sotheby’s International Realty.
Spanning 6,000 square feet, the home is filled with bright interiors, which were designed by New York-based interior designer Steven Gambrel. The open gourmet kitchen flows into a casual dining area and a living space with a fireplace, which is one of two double-sided fireplaces in the home, Pirro said.
Jaime Lopez for Sotheby’s International Realty
“The placement and scale of fireplaces throughout the home is perfection,” she added.
A separate dining room has French doors that open onto a deck, listing photos show.
There are six en-suite bedrooms, including two primary bedrooms. The larger of the two is its own private retreat, outfitted with a fireplace, a sunroom and a large balcony, offering a space to watch the sun set over Sagaponack Pond, according to Sotheby’s.
The home sits on a little more than an acre of waterfront land, bordering Sagaponack Pond, where there’s a private dock, and looking out at the Atlantic Ocean in the distance.
“The location on the pond with the view of the ocean waves breaking is spectacular and unique,” Clark said. “You are close to beaches and the Sagaponack General Store. It is a quick paddle to the famous Sagg Main Beach.”
Other outside amenities include a gunite swimming pool and a hot tub, which are surrounded by a spacious deck, as well as a pool cabana, which has a full bathroom, changing rooms and a sauna. There’s also multiple balconies, decks and a screened porch overlooking the pool, striking a balance between indoor and outdoor living.
This stylish family home combines a classic palette and finishes with a flexible floorplan
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