February 2020 News
MARKET UPDATE AND NEWS
Selling? Get Set to make a profit
Now is the time to enter the housing market in the Macedon Ranges, with house values set to rise.
Figures released by property data and analytics provider CoreLogic in it's latest Pain and Gain report revealed 100 per cent of homes sold in the Macedon Ranges in the September 2019 quarter, sold at a profit.
New first home buyers scheme - Over 35's in home hunt deal
Hopeful first home buyers in their 40s and 50s are among the thousands of applicants who have rushed to sign up to the federal government's new loan deposit scheme. Singles make up more than 60 per cent of those applying for the First Home Loan Deposit Scheme which allows borrowers to enter the market with just 5 per cent deposit. The government will act as a guarantor for the remaining 15 per cent of the deposit meaning borrowers don't have to pay lender mortgage insurance. Singles cannot have a taxable income of more than $125,000 or $200,000 for couples.
For more information speak to your financial adviser or bank today.