Gold Coast sees spike in first home buyers

first_imgExperts say there are still plenty of affordable properties in and around Surfers Paradise. (AAP Image/Dave Hunt) Housing estates being built along Foxwell Rd in Coomera Waters. Picture: Jerad WilliamsTHE State Government is on track to approve $20 million in first-homeowner grants this financial year after a 30 per cent spike in applications.Almost 750 grants have been approved already this financial year. The total for 2016-17 was 683.The government’s $20,000 first-homeowner grant ends on June 30. The Naia complex set to be built at Mermaid Beach will offer affordable apartments. Holly Power, 20, and Alex Hart, 21, used the first-homeowner grant to buy land at the newly released Harriet Lane estate in Urbex’s Northern Gold Coast development. Housing estates being built along Foxwell Rd in Coomera Waters. Picture: Jerad WilliamsHolly Power and Alex Hart used the first-homeowner grant to buy land at Oxenford’s Harriet Lane estate.They said it was tough competing against interstate and overseas investors for existing properties, so chose to build instead. COAST HOUSING MARKET TO ONLY GET BETTER “It is hard to find a house on the Coast for under $500,000, especially for something you want and to yield positive gains,” Mr Hart said.“Purchasing land and building allows us to live in a brand new house and add value through a pool and outdoor entertaining area. “We can build equity on the house and use it as a stepping stone to purchase another property.” Experts say there are still plenty of affordable properties in and around Surfers Paradise. (AAP Image/Dave Hunt)“The reality in the market place is that the $20,000 grant doesn’t go far when you’re buying brand new.“Generally, you’re going to see people who take advantage of the grant whether there’s value or not.”Both Mr Newlands and Mr Coughran believed the number of people applying for first homeowner grants would likely drop after June 30. Inside the Naia complex set to be built at Mermaid Beach.He said bargains could be found in and around Surfers Paradise; buyers just needed to weigh up what they wanted.“There’s still something for everyone (but) if you love surfing, there’s no use moving to Coomera,” Mr Newlands said.Buyers agent Tony Coughran, of Gold Coast Property Advisors, said first-home buyers also had options in the heart of the city where places like The Star Gold Coast and Pacific Fair were easily accessible.“Those first-home buyers are looking at other opportunities to satisfy their lifestyle, and looking for points of difference, like waterfront units,” Mr Coughran said.“The grant doesn’t even come into the equation for those people. Artist impression of Tribeca’s new Symphony development at Pimpama. First home buyers are out in force on the Gold Coast. More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoArtist impression of Tribeca’s new Symphony development at Pimpama.REIQ director John Newlands said young people were better off buying property on the Gold Coast because mortgage repayments were often less than what it would cost to rent.He also said interest rates were low and looked to remain static.“That’s incentive for people to buy,” said Mr Newlands, who is also a Surfers Paradise real estate agent. HIGHEST AND LOWEST SELLING SUBURBS However, he said building was often more expensive than buying an established property and it was restricted to the north and south of the Gold Coast where land was available.“The grant was really designed by the government to stimulate the building industry,” Mr Newlands said. FACTS– The Queensland First Home Owners’ Grant can be used to build or buy a new house, unit or townhouse with a value of less than $750,000. – Buyers must move into the new home within a year and live there for at least six months.ON THE MARKET– Harriet Lane, Oxenford, land from $275,000– Arundel Springs, Arundel, land from $325,000– Elm, Ormeau, four-bedroom homes from $489,750– Symphony, Pimpama, four-bedroom homes from $489,980– Naia, Mermaid Beach, one, two and three-bedroom apartments from $362,000– Sandbar, Burleigh Heads, two and three-bedrooms apartments from $520,000last_img read more

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10 Good Reasons to Change the Anti-Smacking Law – Reason #2 – “Mike”

first_imgTHE YOUTUBE VIDEO POLITICIANS DON’T WANT NZ PARENTS TO SEEIn 2007, politicians changed the laws making it illegal for parents to use smacking as form of correction with their children. The referendum in 2009 revealed that 87% of New Zealanders opposed this move believing that it wouldn’t solve genuine child abuse but would lead to good parents being unjustly persecuted.To assuage these fears, John Key stated that “If I see good parents getting criminalised for lightly smacking their children for the purposes of discipline, I’m going to change the law.”Here’s the evidence. This short clip is just one of 10 Good Reasons to Change the Anti-Smacking LawTo see ALL the evidence, go to www.protectgoodparents.org.nzWatch “Mum on a Mission” (2014) at www.protectgoodparents.org.nzWatch “My Mummy’s A Criminal” (2011) at www.protectgoodparents.org.nzlast_img read more

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