With the June 30th deadline for the $20k Government rebate fast approaching, Brisbane first home buyers are being encouraged to think outside the square…and embrace the humble granny flat.
In Brisbane, mortgages now soak up a hefty 23% of the average income (source: BIS Oxford Economics). According Nano Homes, a new company revolutionising building solutions, granny flats built within the confines of existing family properties are offering a new take on first home affordability in Brisbane.
“Although interest rates are at record lows, many Brisbane first home buyers are still despairing at property affordability,” says Nano Homes Managing Director George Nori. “However – Queenslanders do have an extra bonus over other states.
“If first home buyers are unable to afford the cost of their own home, they can take advantage of the $20,000 first time home buyers rebate that is available to those who put a property on a relative’s land. This rebate will reduce back to $15,000 after 30th June 2017 so now is the time to do it.”
The rising interest in granny flats as a first home solution has encouraged Nano Homes to partner with local property agents, Richardson & Wrench, to run two educational seminars in Brisbane: Kedron Wavell RSL on 6th June at 6.30pm-8.30pm; and Southside Sport & Community Club, on 7th June at 6.30pm-8.30pm.
Nano Homes offer granny flats which are a combination of advanced modular design, luxury features and technology that are revolutionising backyards across Australia.
George Nori says, “As well as offering the perfect solution for first home buyers, a Nano Home on a property gives excellent, flexible long term investment opportunities for families at all stages in life. Parents can buy equity, they can downsize into the Nano Home as their children’s families grow, used for other siblings…the opportunities are endless.”
For first home buyers, the recent budget will also allow them to make voluntary superannuation contributions of up to $30 000, which can be withdrawn to purchase a home.
“With a little help from their parents, home ownership can be accomplished in an amazingly short time frame,” continues Mr Nori. “By using the $20k first home buyers’ grant, Stamp Duty Concession and recently-announced changes to superannuation, first home buyers can build a deposit faster.
“Nano Homes are an affordable, low risk and low stress first home option that can grow with a family. They are luxurious homes designed for modern living. Designs can be personalised with solar power and water tanks, or first home buyers can select a package that comes fully equipped with furniture, electronics and white goods. They are an excellent solution for first home buyers looking to get a start on the property ladder.”
Nano Homes will be running free seminars in Brisbane on how first home buyers can leverage the grant to move into the property market.
Get your tickets below