First Home Buyers are big winners in this week’s Federal Budget announcement. On Tuesday, the Government revealed the 2020-2021 path to economic recovery and once again looked to the construction industry to create jobs and rebuild the nation’s economy.

There has never been a better time to easily enter the property market. As a first home buyer you may be eligible to take advantage of multiple financial assistance schemes to finally make owning a Landgipps dream home, your reality.

The property market for this Spring is looking markedly more positive than Spring 2018. In the past 12 months realestate.com.au has seen a 25% increase in searches, with each major increase in searchs occurring after a number of major events. The Federal Election, interest rates cuts, income tax cuts and reductions in APRA lending regulations.

There has never been a better time to buy and build in Regional Victoria. With the escalating cost of living, busy lifestyle and the struggle to break into the housing market in Melbourne, areas in Regional Victoria such as Gippsland are becoming a popular choice.

Melbourne recently got named the world’s most liveable city for the sixth year running after scoring top marks in healthcare, infrastructure and education. However country living is becoming increasingly popular especially among young families, lets look at why:

Agreement This is the written contract for the sale and purchase of the property between the vendor (seller) and the purchaser (buyer). Deposit Part of the price (usually 10%) paid by the buyer when the agreement is signed or on confirmation. Equity This is the amount of the property that the purchaser actually owns – rather than owes. Freehold This form of title means that you own the land and the buildings on the property, with few restrictions. Mortgage A mortgage is a type of loan. Mortgages are used to make large real estate purchases without paying the entire value of the home and land up front. Over a period of many years you repay the loan, plus interest, until you eventually own […]

By Steph Nash Building your first home is an exciting but overwhelming experience. Confusing terms and definitions, budgeting, and home loans can be confronting for anyone who has never looked at property before, and most of it probably won’t make sense.

Meet Steph, LandGipps’ First Homes Blogger. An energetic and bubbly 23-year-old, most people wouldn’t consider her a first home buyer – but there’s no such thing as too young to learn about how the property market works in making an informed first home decision.