The Courier-Mail - Home - - FIRST HOME BUYERS - SA­MAN­THA HEALY

For the cost of a rea­son­ably good sec­ond-hand ve­hi­cle, first home buy­ers can now se­cure their own slice of par­adise in the heart of Bris­bane.

Mor­ris Prop­erty Group are of­fer­ing an en­tic­ing in­cen­tive at their Bridges Bris­bane City de­vel­op­ment, with just an ini­tial de­posit of $10,000 to se­cure an apart­ment fol­lowed by monthly pay­ments of at least $1000 un­til set­tle­ment.

“This en­ables first home buy­ers to find the prop­erty they love and lock it in with cer­tainty to con­tinue to save their de­posit,” said di­rec­tor of Po­si­tion Prop­erty Richard Lawrence, who is mar­ket­ing and sell­ing Bridges Bris­bane City.

The De­posit Builder Scheme has been cre­ated to help buy­ers se­cure their apart­ment with price cer­tainty.

Buy­ers can con­tinue to build their de­posit ahead of con­struc­tion and sub­se­quent set­tle­ment, know­ing their new home se­lec­tion and price is locked in.

Those el­i­gi­ble for the State Gov­ern­ment’s $20,000 First Home Own­ers Grant also qual­ify for the MPG De­posit Builder.

The grant is cur­rently avail­able to those pur­chas­ing a new home val­ued at less than $750,000, with the grant re­duc­ing to $15,000 from next year.

The river­front Bridges Bris­bane City de­vel­op­ment is lo­cated at 19 Ea­gle Ter­race, and will house 132 large apart­ments over 16 lev­els once com­pleted.

It will also boast a podium-level re­cre­ation, gym and pool area and breath­tak­ing views of the Bris­bane River and sky­line.

One bed­room apart­ments start from $395,500, two bed­rooms from $519,900 and three bed­rooms from $869,900.

A de­posit of just $10,000 will se­cure an apart­ment in Bridges Bris­bane City.

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