With the restrictions easing up in metropolitan Melbourne, we can shortly expect an influx of visitors to our beautiful town. And what better time to experience Kyneton, then on the cusp of summer.
The government recently announced that first home buyers who purchase a new property before the end of 2020 are now able to receive a $35,000 grant. On top of this, first home purchasers can sign up to a home loan with just a 5 per cent deposit.
The regional Victorian property market is expected to increase over the next twelve months and we have already seen an increase in demand for properties in Kyneton.
This new financial package was aligned by the Federal Government announcing an extra 10,000 places to its first home loan deposit scheme for newly constructed houses, which in turn will support our local tradies.
This coupled with the minimum 5 per cent deposit for a home loan means skates will certainly be on for new properties for the remainder of the year and heading well into 2021.
With regional Victoria looking to be a hot spot for real estate across the coming 12 months and beyond, there will be interest around empty blocks of land with new builds in mind. Construction and development will be on the rise to meet supply and demand across regional areas, in particular the Macedon Ranges and Bendigo shire.
For current home owners in Kyneton, this is a prime opportunity to look at possibly upsizing or downsizing depending on your needs. For renters looking to buy, now is the time to investigate future properties being prepared for selling. For city dwellers looking for that tree change lifestyle, now is the time to start having conversations with your local agent, as when the ring of steel comes down there’s going to be a race to the fenceline!
For a consultation on your property or to put your feelers out in the current Kyneton market, please contact me at jenniferpearce.com.au.