Essential Factors First Home Buyers in Perth Need to Look Out For

There are a few key variables to keep in mind when investing in a home in Perth for the first time. Understanding these factors is critical to making the best choices.

Choosing where to build a home can be a tough task. While certain locations are highly desirable, there are still a few steps to highlight as well as some benefits that are offered by the government. Take a look at both of these areas.

Grants for First-Time Buyers

Those who are contemplating the purchase or construction of a home for the first time can take advantage of a programme called the First Home Owner’s Grant or FHOG. This grant is able to provide an individual with a total of up to $10,000 dollars towards any new home purchase. Be sure to visit the FHOG’s official website to learn about the qualifications and conditions of the first home buyers grant.


Factors that Make Perth a Good Location Prospect for First Home Buyers

Like many first home buyers in Australia, you can look forward to a good chance of getting better value for your money by going west. Such was the topic of a news article published on The Australian Financial Review. A review of property prices reveals that you can find units and apartments in Perth for about $500,000, or sometimes lower, that are within 10 kilometres of the central business district (CBD). In comparison, a comparable property in Sydney will be two times farther from the CBD.
Market Conditions
Today, Perth’s housing market is becoming more flexible for buyers. By taking a look at the following factors alongside housing market conditions in other major Australian cities, one can easily see the perks of living in Perth.