Western Property May 27 2022

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FOR THE HOME OWNER, THE HOME SELLER AND THE HOME BUYER

ISSUE 399

Western Property YARD LOVE Your complete guide to real estate in western Sydney

GREAT OUTDOORS SEE PAGE 3

OUR BUY OF THE WEEK

OPEN HOMES & RENTALS GUIDE

IMPACT OF ELECTION

SEE PAGE 9

SEE PAGE 13

SEE PAGE 18

Put Our Winning Team to Work For You Phil Haley 0412 355 020

Litsa Meleti 0466 969 164

Gizzelle Powell 0428 934 618

Paul Tanner 0410 587 553

Peter Parker 0408 432 998

Victor Borg 0439 755 081

NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.® WW45039


Sell your property with LJ Hooker Colyton | St Clair and we will give you 7 NIGHTS FREE ACCOMMODATION at one of the renowned resorts in 3 exotic destinationsBali, Phuket or Africa!

Kim Wilson

02 9833 8881

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(02) 9833 8881 | colytonstclair.ljhooker.com.au | 2/30 Day St, Colyton 2

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NEWS FEATURE

THE GREAT OUTDOORS OUR LOVE AFFAIR WITH THE BACKYARD The Australian love affair with entertaining and outdoor living is showing no signs of waning, with 79 per cent of Aussies planning to either make improvements or undertake new projects in their outdoor space this year. In addition, a backyard is high on the list of Aussie homeowners’ must-haves, with over 80 per cent of respondents saying it plays an important or very important part in the decision making when buying a property. This is according to the latest annual Adbri Masonry’s Great Australian Backyard Survey, which interviewed over 2,000 Australians about the importance of their outdoor spaces and backyards. Aussies “time out” in their yards After the lockdowns of 2020 and 2021, our homes have become even more prominent in our lives with many working from home and seeking refuge in backyards and gardens for “time out”. “More than ever, Aussies are loving spending time in their backyards; relaxing, gardening, entertaining, and cooking,”

explained landscaping expert and Adbri Masonry brand ambassador, Jason Hodges. Entertaining area a must for yards The survey results concluded that entertaining remains one of the top three uses of the backyard for many reasons. “The outdoors brings an entirely different dynamic to entertaining family and friends,” Jason said. “The outdoor dining and entertaining area is a staple for every Aussie home because it adds a new dimension to how you can entertain while enhancing the appeal of your home. Outdoor dining areas allow homeowners to continue the meal experience and create more memories in an enjoyable outdoor setting.” Kid friendly yards score high The survey results showed that kids spend on average three to seven hours a week playing outdoors, however, they spend double that time on digital devices such as phones, TVs and computers for entertainment purposes. It’s no surprise that the second top benefit of having a backyard for parents was for kids to spend

Western Property

EDITORIAL CONTACT Troy Dodds • 4722 2998 troy.dodds@westernweekender.com.au

ISSUE NUMBER 399

Western Sydney Publishing Group

more time outdoors and less screen time. Nearly 80 per cent of parents felt outside “playtime” is “very important” for their child’s development and considered the yard a safe space for them to play. Pools on the wish list For nearly half the respondents, a pool was their second choice to include in a backyard renovation. Pools and spas can add real value to a home while providing endless entertainment and enjoyment for homeowners and their families. Jason’s top tip: “It’s important to consider both the pool and the area immediately surrounding

it. Be sure to buy a slip-resistant paver that is safe around wet areas and meets the Australian Standard. For concrete pavers, you can’t go past the Adbri Euro range because it has options for different aesthetics with smooth and textured stone looks. As a finishing touch, if the budget allows, go for glass fencing, it really does set off an area.” Relaxation – the winner! 57 per cent of Aussies stated that relaxation is the number one reason they spend time in their backyards. The beauty of the backyard is its diversity.

SALES DIRECTOR ARTWORK Chris Pennisi • 0421 121 985 Brooke Noha • 4722 2998 chris.pennisi@westernweekender.com.au artwork@westernweekender.com.au

Instantly view flooring, rug & window furnishing options in your own home!

Inspire & Visualise with RoomView www.facebook.com/westernpropertymag

Choices Flooring Penrith 131 Coreen Avenue, Penrith 4731 4242 Western Property Magazine

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Try it at choicesflooring.com

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Entry

Alfresco

Pool

Kitchen

Family Room

binethomes.com.au 9868 3222 WW47914

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Commercial leasing at the heart of Oran Park. Work at the Park. • • • • • •

Suites and whole floor opportunities available Over 250 secure underground car spaces Naming rights currently available Construction due for completion early 2023 15 mins to Campbelltown, 45 min to Parramatta & 60 mins to Sydney CBD Under 20 minutes from the new Western Sydney Airport (completion 2026)

Acquire early market share and invest in your business’ future by becoming a part of Oran Park. commercial@greenfields.net.au 02 9043 7500 commercial.oranparktown.com.au

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Oran Park Town is rapidly becoming the best place to live, work and play in South West Sydney, and your business has an opportunity to meet to the needs of the fastest-growing region in NSW.

*Images are computer generated and indicative only

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*Call for Terms & Conditions

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78 Chameleon Drive, Erskine Park

BUY OF THE WEEK

Just Listed

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PERMANENT HOLIDAY

What makes this property stand out? • A generous sized five bedroom family home. • Situated on an almost 6,000sq mtr block and also offering great side access.

• Large workshop 5.8 metres by 7.2 metres perfect for the home handyman. Who should buy this property? The family wishing to upgrade and who love to entertain and

enjoy generous outdoor space, along with having multiple living areas for all the family to have their own space. What’s the suburb like? Erskine Park offers easy access

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Open for Inspection: By Appointment Contact: Professionals Outer Western Sydney Angelo Mavris • 9834 3555

to the M4 and M7 motorways, great schools, and a local shopping centre. So if you are looking for the property where you constantly feel like you are on holidays then this is the one for you.

Boxes from

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REMOVALS • SELF STORAGE • BOX SHOP 142 Old Bathurst Rd, Emu Plains PH 4735 7000 www.hitchens.com.au www.facebook.com/westernpropertymag

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WW45240

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Outer Western Sydney OPEN HOME

OPEN HOME

11 Tallwood Place, St Clair

View Property

View Property

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What A Lovely Street

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INSPECT Saturday 28th May at 10.15am-10.45am ADDRESS 11 Tallwood Place, St Clair CONTACT Professionals St Marys 9673 4422 Terry Hansen 0418 245 683

OPEN HOME

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One Down And Two Up . . .

Just Listed

• Located in a lovely location • Entry foyer • 3-way bathroom • Rear covered area • Long lock-up car accommodation • 629m2 block • Rental potential of $480 per week

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Just Listed

• One bedroom downstairs & 2 upstairs • Garage with internal access • Nice courtyard • Located in a small complex of four • Rental potential of $380 per week • Additional parking • Close to amenities

OPEN HOME

3 Lima Place, Erskine Park

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INSPECT Saturday 28th May at 1.00pm-1.30pm ADDRESS 2/30 Brisbane Street, Oxley Park CONTACT Professionals St Marys 9673 4422 Terry Hansen 0418 245 683

5/100-104 Saddington Street, St Marys

View Property

All Brand New, Situated on a 778sqm Block

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Standalone Large 3 Bedroom Family Home

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• Multiple living areas & modern galley kitchen Contact Agent • 4 bedrooms, ensuite & WIR to main INSPECT Saturday 28th May at 12.00pm-12.45pm • Bathroom and ensuite have been newly renovated • Spacious yard with massive outdoor entertaining area ADDRESS 3 Lima Place, Erskine Park • Ducted air con & much more CONTACT Professionals Erskine Park 9834 3555 • Rental potential $680-$750pw Angelo Mavris 0425 361 696

OPEN HOME

2/30 Brisbane Street, Oxley Park

15/9-13 Rodgers Street, Kingswood

• Ground floor • Ideal location, close to all amenities • Carpet to bedrooms & living • Secure complex • Balcony • Lockable storage unit in the complex • Rental return of $270 - $300 per week

OPEN HOME

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Big Home INSPECT Saturday 28th May at 9.30am-10.00am ADDRESS 5/100-104 Saddington Street, St Marys CONTACT Professionals St Marys 9673 4422 Terry Hansen 0418 245 683

19 Vincent Street, Mount Druitt

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Invest In Kingswood, Smart Idea

• Fully detached single level home • Close to schools, shops, parks & transport • Two spacious living areas • Reverse cycle air conditioner • Internal access to double garage • Freshly painted and new carpet • Stainless steel appliances

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$389,000 - $425,000 INSPECT Saturday 28th May at 11.15am-11.45am ADDRESS 15/9-13 Rodgers Street, Kingswood CONTACT Professionals St Marys 9673 4422 Rob Masters 0414 281 291

Invest Or Move To Mt Druitt • 3 bedrooms all with built in robes • Split system air-con in the large living area • Renovated electric kitchen • Internal laundry • Single lock-up garage • Large front & backyard • 715m2 block

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Contact Agent INSPECT Saturday 28th May at 12.15pm-1.00pm ADDRESS 19 Vincent Street, Mount Druitt CONTACT Professionals St Marys 9673 4422 Rob Masters 0414 281 291

professionalsouterwesternsydney.com.au WW45692

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Outer Western Sydney OPEN HOME

1/32 Carrington Street, St Marys

OPEN HOME

View Property

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Duplex In Carrington Street Ideal For The Investor • Tiled entry, dining & kitchen • 2 x split system air conditioners • Modern bathroom with spa bath • Garage with power door & internal access • Fully fenced • Close to all amenities • Currently tenanted for $410 per week

OPEN HOME

34 Todd Row, St Clair

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1

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$679,000 - $699,000

• Situated on a 565sqm block • 5 bedrooms with BIRs & ensuite to the master • Multiple living areas • Spacious brand new kitchen • Fully renovated 3-way bathroom • Covered alfresco area with BBQ & external kitchen • Garage converted to another living space

INSPECT Saturday 28th May at 10.15am-10.45am ADDRESS 1/32 Carrington Street, St Marys CONTACT Professionals St Marys 9673 4422 Rob Masters 0414 281 291

OPEN HOME

16/1 Glenmore Ridge Drive, Glenmore Park

View Property

• Modern kitchen with gas cooking & dishwasher • Spacious living & 2 balconies • Tenant would like to stay on but will move if need be • Underground car park

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Contact Agent INSPECT Saturday 28th May at 11.00am-11.30am ADDRESS 16/1 Glenmore Ridge Drive, Glenmore Park CONTACT Professionals Erskine Park 9834 3555 Wayne Teudt 0412 462 672

22 Martin Grove, Colyton

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INSPECT Saturday 28th May at 11.00am-11.30am ADDRESS 34 Todd Row, St Clair CONTACT Professionals Erskine Park 9834 3555 Angelo Mavris 0425 361 696

12/54 King Street, St Marys

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• Great investment opportunity • Close to local shops, schools & transport • Security system • Floorboards throughout • Beautiful kitchen with gas cooking & dishwasher • Underground security parking • Rental return up to $370 per week

OPEN HOME

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$399,999 - $429,999 INSPECT Saturday 28th May at 1.15pm-1.45pm ADDRESS 12/54 King Street, St Marys CONTACT Professionals St Marys 9673 4422 Rob Masters 0414 281 291

16/51-53 King Street, St Marys

View Property

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Situated In A Quiet Cul-De-Sac • Low maintenance home ready to move into • 3 neat bedrooms with built-in-robes to all • Kitchen features gas cooking • Split system air conditioning unit • Alfresco entertaining leading to the rear yard • Single lock up remote controlled garage • Currently tenanted for $460 per week

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$999,950 - $1,099,950

Play Your King St Card In St Marys

• For more information call Wayne on 0412 462 672

OPEN HOME

2

View Property

Live in Or Invest, Your Choice!! • 2 bedrooms with BIRs & ensuite to main

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2-Storey Beauty!!

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$849,950 INSPECT Saturday 28th May at 1.45pm-2.15pm ADDRESS 22 Martin Grove, Colyton CONTACT Professionals Erskine Park 9834 3555 Angelo Mavris 0425 361 696

Set And Forget • Large kitchen with stainless steel appliances • Living room with wall of storage cabinetry • Two private under cover balconies • Two allocated tandem car spaces (27m2) • Secure complex with elevator access & intercom • Currently tenanted for $415 per week • Close to all amenities

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$549,950 - $589,950 INSPECT Saturday 28th May at 2.30pm-3.00pm ADDRESS 16/51-53 King Street, St Marys CONTACT Professionals St Marys 9673 4422 Jessica Grant 0418 745 442

professionalsouterwesternsydney.com.au WW45693

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Name Goes Here Penrith GreaterMember Region and Blue Mountains OPEN HOME FOR OPEN HOME FORSALE SALE

152/63 Marscay Jamison Street Road, Kellyville Kingswood Ridge

Immediate Investment Opportunity!

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• One of only five in a well-maintained boutique complex • Spacious open living design with brand new A/C unit • 3 great-sized bedrooms with mirrored B/Is • Modern galley-style kitchen • 16 year long tenant paying $320 per week • Walking distance to the Nepean Hospital, bus stops and Kingswood Station

FOR SALE

Penthouse Lifestyle! • Top floor unit with amazing outdoor verandah area • Spacious open living design • Modern galley-style kitchen • 2 great-sized bedrooms with mirrored B/Is • Incredible verandah areas with Mountain views • Single lock-up garage

10/37 King Street, Penrith

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$399,950 INSPECT By Appointment ADDRESS 10/37 King Street, Penrith CONTACT Professionals Penrith 4725 3100

FOR SALE

Penthouse Living

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$595,000 INSPECT By Appointment ADDRESS 2/63 Jamison Road, Kingswood CONTACT Professionals Penrith 4725 3100

26/12-14 Hope Street, Penrith

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• Spacious 2 bedroom penthouse with large rooftop balcony $588,000 • Panoramic views of the Blue Mountains • For investors there is already an excellent tenant occupying the premises INSPECT By Appointment • You won’t find a better priced, near new, penthouse in the area ADDRESS 26/12-14 Hope Street, Penrith • The complex is only 100m from the Nepean Hospital CONTACT Professionals Penrith • Walking distance to all amenities 4725 3100 • Smaller complex equals greater security, privacy & peaceful enjoyment • Call or text Richard on 0409 551 803 for more details or to organise your inspection

penrithprofessionals.com.au 02 4725 3100 253 High Street, Penrith WW45182

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OPEN HOMES & RENTAL PROPERTY GUIDE OPEN HOMES ADDRESS

SUBURB

TIME

OPEN HOMES

PROPERTIES FOR RENT AGENT

SUBURB Saturday 28th May

RENT

AGENT

4 br townhouse

$480pw

9673 4422 St Marys Professionals

3br home

$525 pw

9673 4422 St Marys Professionals

3br home

$460pw

9673 4422 St Marys Professionals

4 br home

$450pw

4725 3100 Penrith Professionals Real Estate

4 br home

$580pw

4725 3100 Penrith Professionals Real Estate

Jamsiontown

3 br unit

$450pw

4725 3100 Penrith Professionals Real Estate

Jamsiontown

2 br unit

$400pw

4725 3100 Penrith Professionals Real Estate

Kingswood

2 br unit

$320pw

4725 3100 Penrith Professionals Real Estate

Kingswood

1 br unit

$240pw

4725 3100 Penrith Professionals Real Estate

4 br home

$630 pw

9673 4422 St Marys Professionals

Penrith

2 br unit

$270pw

4725 3100 Penrith Professionals Real Estate

Penrith

3 br house

$470pw

4725 3100 Penrith Professionals Real Estate

3 br house

$430pw

4725 3100 Penrith Professionals Real Estate

St Marys

2 br granny flat

$270pw

9673 4422 St Marys Professionals

St Marys

2 br unit

$290 pw

9673 4422 St Marys Professionals

St Marys

2 br home

$380pw

9673 4422 St Marys Professionals

St Marys

3 br townhouse

$420pw

9673 4422 St Marys Professionals

3br townhouse

$450pw

9673 4422 St Marys Professionals

2 br granny flat

$280pw

9673 4422 St Marys Professionals

CAMBRIDGE PARK Cambridge Park

CAMBRIDGE PARK 51 College St

DESCRIPTION

Cambridge Park

By Appointment Professionals Penrith

CASTLEREAGH Castlereagh

COLYTON 2 Burford St

Colyton

9:30 - 10am

Professionals St Marys

COLYTON

39 Jensen St

Colyton

2:30 - 3pm

Professionals Erskine Park

Colyton

22 Martin Gr

Colyton

1:45 - 2:15pm

Professionals Erskine Park

CRANEBROOK

ERSKINE PARK 3 Lima Pl

Cranebrook Erskine Park

12 - 12:45pm

Professionals Erskine Park

11 - 11:30am

Professionals Erskine Park

GLENMORE PARK

Emu Heights

16/1 Glenmore Ridge Dr Glenmore Park

KINGSWOOD 15/9-13 Rodgers St

Kingswood

11:15 - 11:45am Professionals St Marys

2/63 Jamsion Rd

Kingswood

By Appointment Professionals Penrith

Mount Druitt

12:15 - 1pm

Professionals St Marys

North St Marys

1:45 - 2:15pm

Professionals St Marys

Oxley Park

1 - 1:30pm

Professionals St Marys

Parramatta

9:45 - 10:15am Professionals Erskine Park

26/12-14 Hope St

Penrith

By Appointment Professionals Penrith

10/37 King St

Penrith

By Appointment Professionals Penrith

MOUNT DRUITT 19 Vincent St

NORTH ST MARYS 27 Catalina St

OXLEY PARK 2/30 Brisbane St

PARRAMATTA 10 Young St

EMU HEIGHTS

PENRITH

ST CLAIR 11 Tallwood Pl

St Clair

10:15 - 10:45am Professionals St Marys

34 Todd Row

St Clair

11 - 11:30am

Professionals St Marys

ST MARYS

KINGSWOOD

MOUNT DRUITT Mount Druitt

PENRITH

SOUTH PENRITH South Penrith

ST MARYS

WERRINGTON

5/100-104 Saddington St St Marys

9:30 - 10am

1/32 Carrington St

St Marys

10:15 - 10:45am Professionals St Marys

Werrington

12/54 King St

St Marys

1:15 - 1:45pm

Professionals St Marys

WILLMOT

16/51-53 King St

St Marys

2:30 - 3pm

Professionals St Marys

Willmot

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Professionals St Marys

JAMISONTOWN

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NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.®

Dual Key Dual Key

52+1 3 1+1 2

3+1

2Queensland DUPLEX QLD3

EXCELLENT INVESTMENT: DUAL LIVING! Sale : Contact Agent Inspection: By Appointment GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au

• Separate entries • Soundproof firewall • Only pay one set of council rates • Turn key home • Two rental income returns, or live in one and rent out the other • Land: 450sqm • Build: 200sqm

3+3 1 + 2+2 3 2 1+11

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QUEENSLAND DUPLEX RENTAL POTENTIAL: $1000 per week 3 year rental guarantee LITSA MELETI Want to know more? Call me on 0466 969 164 Your Investment Specialist

Potential rent per week $600 - $620

Happy Buyer First Home Buyer Litsa’s knowledge and down-to-earth personality was what sealed the deal. Being a first time home buyer with a lack of home buying experience, Litsa walked me through and explained things in a manner that was easy to understand. Her passion for her work really shines through her personality. I wouldnt hesitate to call or refer her to family and friends. Thank you so much for guiding me on my next chapter in life. Verified by RateMyAgent

Thinking of Selling or Investing? Please give me a call or SMS Litsa on 0466 969 164

20/40-50 Union Road, Penrith

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2.5

Port Stephens Gwandalan

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2 2 2+2 2

Just Listed

GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au

New York Style Split Level Apartment

Registered Land

Open Home: Sat, 11-11:30am

LITSA MELETI Want to know more? Call me on 0466 969 164 Your Investment Specialist WW46730

Put Our Winning Team to Work 14

Phil Haley 0412 355 020

Western Property Magazine

Litsa Meleti 0466 969 164

Gizzelle Powell 0428 934 618

Paul Tanner 0410 587 553

Victor Borg 0439 755 081

Peter Parker 0408 432 998

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NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.®

GREEN SQUARE – INNER CITY LIVING Address/Suburb lowercase

LUXURYlowercase PENRITH APARTMENT Address/Suburb Starting Price $420,000

1, 2 or 3 Bedroom Apartments Available CBD 9 minutes drive Airport 10 minutes drive

LITSA MELETI M: 0466 969 164 E: litsameleti@remax.com.au

3 Bed, 2 Bath, 1 Garage, 1 Carspace Ducted Air-Conditioning, Double Storey FREE STAMP DUTY VICTOR BORG | M: 0439 755 081 | E: victorborg@remax.com.au

2/34 Australia St, St Marys 3+1

2.5

1+1

Just Listed

Image for illustration purposes only

VACANT LAND - SCHOFIELDS

Just Settle and move-in!

GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au

LITSA MELETI M: 0466 969 164 E: litsameleti@remax.com.au

Image for illustration purposes only

THE PONDS OR RIVERSTONE

Studio, 1 or 3 Bedrooms 3 minutes walk to station and Westfield Penrith

FOUR LOTS AVAILABLE. VARIOUS SIZES Build your Custom Dream Home using your own Builder. VICTOR BORG | M: 0439 755 081 | E: victorborg@remax.com.au

232 Parker St, Kingswood

4

2

2

Just Listed

Convenience and Lifestyle Living Open Home: Sat 12-12:30pm

Ready To Move In Land size: 627m2 Open Home: Sat 2:15-2:45pm

GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au WW46731

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Book your FREE Appraisal now with one of our Winning Team on 4732 6007 Western Property Magazine

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d a e r u o Do y ? y t r e p o r P n r e t s e W

/Ĩ LJŽƵƌ ƉƌŽƉĞƌƚLJ ŝƐŶ͛ƚ ĂĚǀĞƌƟ ƐĞĚ ŝŶ ŚĞƌĞ LJŽƵ ĂƌĞ ŐŽŝŶŐ ƚŽ ŵŝƐƐ ŽƵƚ ŽŶ /Ĩ LJŽƵƌ ƉƌŽƉĞƌƚLJ ŝƐŶ͛ƚ ĂĚǀĞƌƟƐĞĚ ŝŶ ŚĞƌĞ LJŽƵ ĂƌĞ ŐŽŝŶŐ ƚŽ ŵŝƐƐ ŽƵƚ ŽŶ Ă ůŽƚ ŽĨ ƉŽƚĞŶƟĂů ďƵLJĞƌƐ͘ Ă ůŽƚ ŽĨ ƉŽƚĞŶƟ Ăů ďƵLJĞƌƐ͘ dĞůů LJŽƵƌ ŐĞŶƚ ƚŚĂƚ LJŽƵ ǁĂŶƚ LJŽƵƌ ďĞĂƵƟ ĨƵů dĞůů LJŽƵƌ ŐĞŶƚ ƚŚĂƚ LJŽƵ ǁĂŶƚ LJŽƵƌ ďĞĂƵƟĨƵů ƉƌŽƉĞƌƚLJ ĂĚǀĞƌƟƐĞĚ ŝŶ ƚŚĞ ďĞƐƚ ZĞĂů ƐƚĂƚĞ ƌĞƐŽƵƌĐĞ ŝŶ ƚŚĞ ĂƌĞĂ͊ ƉƌŽƉĞƌƚLJ ĂĚǀĞƌƟ ƐĞĚ ŝŶ ƚŚĞ ďĞƐƚ ZĞĂů ƐƚĂƚĞ ƌĞƐŽƵƌĐĞ ŝŶ ƚŚĞ ĂƌĞĂ͊ 16

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ůŽƚ ŽĨ ŽƚŚĞƌƐ ĚŽ͕ ƚŽŽ͊ ůŽƚ ŽĨ ŽƚŚĞƌƐ ĚŽ͕ ƚŽŽ͊

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BROKING BREAKDOWN

THE POWER SHIFT

WHAT DOES ELECTION RESULT MEAN?

MARK STEVENSON BELLPARTNERS.COM

With the Federal Election done and dusted, what can prospective home buyers expect from the new Labor government under Anthony Albanese? From a finance broking perspective, one of the most fascinating debates during the election campaign was over the Coalition’s proposal to allow first time buyers to use part of their superannuation for a housing deposit. We won’t see this pushed forward by Labor with so many super funds controlled by their union mates, although the question of allowing super to be used for a home loan deposit contribution has been tossed around for many years and is unlikely to go away.

With the nation facing a rising interest rate environment amid a continuing strong property market, a key focus of Labor has been on housing affordability and improving opportunities to achieve home ownership. Labor has committed to a new Help to Buy scheme, involving an equity contribution from the Federal Government of up to a maximum of 40 per cent of the purchase price of a new home (and up to a maximum of 30 per cent of the purchase price for an existing home) for 10,000 Australians each financial year. Home buyers would need at least a two per cent deposit. Help to Buy would be restricted to Australians with a taxable

income of up to $90,000 for individuals and up to $120,000 for couples. Applicants would need to be Australian citizens who are not current homeowners, either in Australia or overseas. The scheme would not be restricted to first home buyers. Labor also proposes a Regional First Home Buyer Support Scheme, which will provide a government guarantee of up to 15 per cent for eligible first home buyers, so that locals with a five per cent deposit can avoid paying mortgage insurance. Also on the table is the $10 billion Housing Australia Future Fund, which will build 30,000 new social and affordable housing properties in its first five years.

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HOME Sweet HOME

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20 Western Property Magazine

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Western Property Magazine

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Need A Ladder?

Hot Properties Staging & Styling can help you capitalise on the sale of your home by styling your property to attract buyers and speed up the sale process.

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24

Western Property Magazine

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