First Home Buyers Receive Budget Boost | Kanebridge News
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First Home Buyers Receive Budget Boost

The Federal Budget announces new initiatives for first-time buyers.

By Terry Christodoulou
Wed, May 12, 2021Grey Clock < 1 min

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

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By Robyn Willis
Fri, Aug 19, 2022 < 1 min

Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237