With the property market rising and falling depending on a variety of factors, home owners often think they have to wait for the ‘right time’ to upgrade to their next home. But this means putting their lives on hold, and opportunities could be passing them by.
Right now could be the perfect time to buy your next home, especially with all the benefits that come with upgrading to the home you deserve. Let’s explore why.
You already have equity
As a current home owner, you may have lived in the property for a number of years already. Depending on your loan arrangement, you may have built up some equity over that time, which will make any future home loan applications much more beneficial for you.
Being a home owner is an achievement in itself, but there’s something even more inspiring about managing to upgrade to a new home without compromising on lifestyle. With the added equity in your current home, it will make the transition that much smoother.
Pay stamp duty on land only
Buying a new home in a master-planned community like Waterford means you’ll only pay stamp duty on the land itself, rather than the house as well (which you would have to pay if you were buying an established property).
That money could be reserved for more important investments, like buying energy-efficient fixtures in your home, or double-glazing your windows for better insulation during the cooler months – the choice is yours.
Interest rates are low
In July 2019, Australian interest rates hit an all-time low after the Reserve Bank made back-to-back cuts to 1%. That’s terrific news for existing home buyers. You’ll be able to use any equity in your current home to upgrade to a better property, and you’ll also be able to take advantage of historically low interest rates from lenders on your next home loan.
Get all the positives of buying new
When buying new, you won’t have to worry about saving up for renovations or the expensive problems that come with old plumbing and electricity in your current property. You can enjoy green appliances and even invest in the latest smart home features like high-tech security systems, smart heating, and personalised home automation.
The best part? You can create your home the way you want it – customised to suit your upgraded lifestyle desires.
Your chance to win a new Volkswagen Golf with AVID
For a limited time, AVID is offering second home buyers a chance to win 1 of 5 brand-new Volkswagen Golf 110TSI Trendlines*. All you need to do is purchase a lot and exchange contracts by 29 November 2019 in the stylish village community of Waterford and you’ll go straight into the draw. Each VW Golf is valued at $30,790 and is the perfect added bonus when buying your next home. What could be better than upgrading to a new home, living in a master-planned community and winning a new Volkswagen Golf?
Waterford is an exciting new development set to become one of the most enviable suburbs in Chisholm, East Maitland. Enjoy natural beauty and spacious surrounds with all the convenience of stylish village living.
*See the full T&C.