It’s official that the Australian Labor Party (ALP), led by Anthony Albanese, will form Australia’s new Federal Government. How ordinary Australians can be supported to become homeowners has emerged as a key policy interest on both sides in this election, with the ALP’s proposed Help to Buy program aiming to reduce the cost of purchasing through a shared equity approach.
The government will co-purchase up to 40% of a new home, or 30% of an existing one, with eligible buyers able to put down a deposit of as little as 2%. If rolled out, the program will extend beyond first-home buyers, and remove the need for Lender’s Mortgage Insurance (LMI).
We exchanged two properties this week - 501/19 Verona Drive (two bed in Yukon), and 301/46 Amalfi Drive (one bed in Messina), with the latter selling off market and setting a building record for a one bedroom at $610,000.
If you’ve been eyeing off the rarer gems in the waterfront estate of Wentworth Point, this week we have two St Tropez sanctuaries ready to share their cool breezes with you: 307/7 Stromboli Strait, a north facing two bed with spacious open plan design, dedicated living and dining zones with lush pool and garden views; and 704/7 Stromboli Strait, a two bed with corner water views, fresh, versatile spaces indoors out, and a study nook.
