Buy now, new­bies urged

Pilbara News - - Property - First Na­tional Kar­ratha Rita Pahl is the li­censee and gen­eral man­ager of First Na­tional Real Es­tate Kar­ratha.

It’s the best first-home­buyer mar­ket in Aus­tralia for many years and young peo­ple should take ad­van­tage of it, says First Na­tional Real Es­tate Kar­ratha li­censee Rita Pahl.

With fewer in­vestors in the mar­ket­place than nor­mal and an over-sup­ply of hous­ing fore­cast, first-home­buy­ers should take ad­van­tage of tim­ing to seek well-priced en­try-point units and homes in Kar­ratha and other Pil­bara towns.

“Mil­len­ni­als who think real es­tate is too ex­pen­sive would be sur­prised at what they can af­ford to buy right now,” she said.

“With the Re­serve Bank drop­ping of­fi­cial in­ter­est rates to 1.5 per cent and fewer in­vestors to lend to, there’s con­sid­er­able pres­sure on banks to sharpen their pen­cil with first-home­buy­ers.

“This is prob­a­bly the last time the Re­serve Bank will cut rates so now is the per­fect time to lock in a com­pet­i­tive rate and get on the prop­erty lad­der.”

First-home­buy­ers should find out about any grants or ex­emp­tions avail­able in their State, start­ing by vis­it­ing the Fed­eral Gov­ern­ment’s First Home Own­ers Grant web­site.

It pro­vides a com­pre­hen­sive guide­line to the cur­rent schemes in place across Aus­tralia.

“There is a sig­nif­i­cant win­dow of op­por­tu­nity so now is the time to make a move.”

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