With all of the grants currently on offer, it’s no wonder that first home buyers are itching to get into the market. But if you have only $5,000 saved, even with the all the grants available, can you get into the market and buy your first home? The great news is yes you can. So were do you start!
Luckily, we’re here to help. We’ve bought together the best of the new property opportunities across Queensland that will suit a first home buyers budget. Most crucially though, you can buy any of them with just $5,000 in the bank. How’s that for a deal?
Before we go any further though, we cannot stress one thing enough: every grant is subject to eligibility and criteria approval. You can check out our handy guide to the HomeBuilder grant here, and an overview to everything you qualify for as a first home buyer here.
Forest Edge, along with Botanica, make up two of the final developments developments by Habitat Development Group in the suburb of Sippy Downs, located on the Sunshine Coast. Forest Edge will include 60 apartments once finished, along with a 25-metre lap pool and a large recreational podium. There are two and three-bedroom apartment configurations in Forest Edge, with only ten apartments per level. There are a number of features of the Forest Edge development that we really like. As a smaller building you would not normally expect a huge range of facilities for residents, but Forest Edge surprises with a rather extensive list of communal facilities. You don’t usually see facilities like these at this price range; most developments will give residents the bare minimum, while Forest Edge has multiples of most facilities (such as two BBQ areas).
One of the other attributes of Forest Edge that we believe makes it a great first new home to buy is its investment potential. This may seem paradoxical, however many first home buyers will not stay at their first home for long, so the potential to convert the home into an investment property with strong returns is a big plus. With Banks offer interest rates as low as 2.69% I.O. for investors, Forest Edge can be cash flow positive with only a 10% deposit. At 2.19% for owner occupiers you can get into a property with a 5% deposit and it would only be costing you around $200 per week in interest. For a first home buyer, that’s only a $5,000 deposit in addition to the first home owner grant.
While not actually an option for the $25,000 HomeBuilder grant as the building is now complete, the developer of Forest Edge, Habitat Development, is offering to match the grant for PropertyMash readers. This means that buyers will still be able to get $25,000 of incentives to buy! This incentive can be used as to pay down the mortgage, buy furniture or the like to help you buy and set up your first home. If you would like to register for the $25,000 exclusive offer, please fill out the form below and we will acknowledge your registration via email.
Two bedroom, two bathroom, one car park apartments are priced from $385,900. Two bedroom, two bathroom, two car park apartments are priced from $408,900. Three bedroom, two bathroom, two car park apartments start from $440,900.
Interested in Forest Edge? Read the full review by clicking the link below, or enquire now to register for the $25,000 first home buyer incentive..
Register here for the $25,000 exclusive developer incentive
Sea Breeze Estate is a new house and land project located in Little Mountain, Caloundra, on the sunny Sunshine Coast of Queensland. This project is a standout for a few reasons, first and foremost being the location. Sitting in a central location, residents of the estate will find that almost any amenity they might need — parks, shops, and schools included — are usually no more than 5-10 minutes away. Finding undeveloped land in such a central location on the Sunshine Coast is getting rarer, so savvy buyers might want to snap this up and use it as their first home now, and their investment property in the future.
Another key standout of the project are the lot sizes. Lots range between 361 sqm — which may suit a smaller family or a family with children that will leave the nest soon — up to 719 sqm — which may be suited to a larger family with younger children. This means that there’s something for everyone. Roughly half of the estate has been sold to date showing strong demand from the local market!
With $5,000 of your own money, plus the $15,000 first home loan, plus the new $25,000 HomeBuilder grant, that’s the deposit of your new home covered along with the deposit on the land. For a family, this is an incredible opportunity to build your first dream home.
The lots are priced from $300,000, and house and land packages are available with price on application.
Interested in Sea Breeze Estate? Read the review by clicking the link below, or enquire now to make sure you don’t miss out.
A new apartment development located in Robina on the Gold Coast, Cambridge Residences is absolutely perfect for first home buyers wanting to live on the Gold Coast. With one, two and three bedroom apartment configurations available across the four stages of the project, Cambridge Residences really does have something for everyone. Residents will have access to well-thought-out amenities including a pool, gym, multiple dining and recreation areas and BBQ area. Every apartment also has a basement car park, and there is ample guest parking. As an added bonus, the apartments are very affordable for the Robina area, which is exceptional given their high quality finishes and inclusions.
Another element of the project that we feel should be mentioned is the work being done by the onsite managers. We noticed when we visited the site that the gardens at Cambridge Residences are very well developed and attractive. It’s a definite plus in favour of the onsite managers, as it’s obvious that they’re up-keeping the site to a high-level. As a first-time buyer, this may not be something that you necessarily know to look for, but it’s extremely promising in the long-term (and attractive to renters), making Cambridge Residences ideal for people looking for a first home that can become an investment property down the line. Given the project’s proximity to high-end universities like Bond University, a property in Cambridge Residences should perform strongly as a rental property should you want to convert it to one in the future.
Cambridge Residences, as a completed project, doesn’t qualify for the new HomeBuilder grant, but as with Forest Edge, the developer is willing to match the grant for our PropertyMash readers. To take advantage of this opportunity remember to register to ensure we can acknowledge your entitlement to the exclusive offer.
The apartments at Cambridge Residences start from $325,000. This price includes the $25,000 developer discount and First Home Owner grant.
Interested in Cambridge Residences? Read the review by clicking the link below, or enquire now to make sure you don’t miss out.
Register here for the $25,000 exclusive developer incentive
We would love to hear your thoughts on this project.
Have you visited this project recently, or perhaps you live nearby or bought in a neighbouring building? Tell us what you love about this project, or perhaps what you don't.