Pays to be a first homebuyer here

Lacey Group is helping first home buyers take full advantage of the boosted State Government grant before it ends on June 30, by allowing them to put down just a $5,000 upfront deposit on a new apartment at its beachside Palm Beach project, The Jefferson

CALLING all first home buyers who are looking to buy in Palm Beach.

First home buyers who sign a contract on a new apartment at The Jefferson before June 30 will have 10 months to pay the balance of the deposit through monthly instalments until settlement, expected in May 2019.

McGrath Estate Agent Brendan Andrews said the looming deadline for the boosted grant had seen increased inquiry from young purchasers at The Jefferson, with two first home buyers signing contracts in the last few weeks.

With $20,000 on offer from the Queensland Government for first time purchasers who secure a new property under $750,000 before June 30, Mr Andrews said young buyers were being encouraged to move quickly if they wanted to take advantage of the grant.

The State Government’s Great Start Grant is set to drop from the current $20,000 to $15,000 on July 1 where it will remain throughout the 2018-19 year.

“Sales and inquiries from first home buyers have spiked at The Jefferson recently, with many citing the June 30 deadline to secure the $20,000 grant as their incentive to purchase now,” Mr Andrew said.

“Lacey Group is helping first-time buyers to get in before the cut-off by allowing them to put a contract on a brand new apartment with just a $5,000 upfront deposit.

“Lacey Group is giving these buyers a chance to land a beachside apartment in a fast-growing suburb while taking full advantage of the Government grant.”

Currently under construction, The Jefferson includes 46 beachside apartments across eight levels and features a residents sanctuary with plunge pool.

Mr Andrews said the project’s enviable address on Jefferson Lane had been a major draw card for buyers, who have snapped up $24.8 million worth of its one, two and three bedroom apartments and penthouses.

He said with owner-occupiers set to make up the majority of residents at The Jefferson, it was a first home buyers’ dream.

Lacey Group director Adam Lacey said he focused on delivering quality projects in upand-coming areas at affordable prices, ticking all the boxes for first home buyers. “Three apartments in The Jefferson have already sold to first home buyers, but there are many more who have registered their interest and are trying to get their deposit together,” he said.”

The Jefferson is 80 per cent per cent sold, with a selection of one, two and three bedroom apartments available starting from $399,000.