News
Now could be the time to sell your investment property
First Home Buyers Fuel House Market.
With the Federal Governments boost to the First Home Buyers scheme, a first home buyer of an established home can now receive a $14,000 grant, plus free stamp duty, up to $500,000. The extra $7,000 boost to the grant has made a huge impact on the market, with the supply of suitable homes being very low, resulting in many quick sales. Richard Fitzpatrick stated “the current conditions in the market place have not been this good since 1999/2000, with respect to selling homes that are suitable to first home buyers. An added benefit is the first home buyer isn’t always so discerning, so if your property is a little run down, this isn’t such a big concern for this type of buyer.”
If you think it may be time to sell your investment property or you can use your money better elsewhere, give your portfolio manager a call and we can arrange an immediate inspection and appraisal. Act now as the $7000 boost to the First Home owner grant ends on June 30, 2009.