When you’re in the market to build a new home, visiting display home villages in Melbourne is a great way to get a feel for the property and explore the finishes, floor plans, materials and features of each builder and their work.If you are starting your quest to find the perfect layout or design for your new home or house and land package, keep these things in mind when you start exploring the many display villages across Melbourne and surrounds.What to look for in a display home in MelbourneLooking at display homes is a great idea for new home buyers, as it provides areal life look at the finished product and what you can expect from your build.We’ve laid out some basic things to look for in a display home and elements to consider ahead ofFloor plans and finishes – the floor plan is something you need to love in your home, so find display homes that have a floor plan that you can imagine living in.Explore whether you want a one storey or a two-storey home, and take the time to understand the features inside and outside the home you want to include such as BBQ areas, patio, deck and even pool.Display homes in your budget– when you are looking at display homes in Melbourne, avoid the temptation to look at homes or properties outside of your budget, it will just leave you disappointed when you determine the inclusions and finished property if you’re looking at million dollar homes and you have half the budget.Do your research and be super clear what your budget is before you start down the display home route.Builders that use the style and finishes you expect – there are a wide range of builders across Melbourne, all specialising in specific styles and inclusions, do your research online and determine the best match for your vision including the inclusions that are in the price.‘Must-haves’ in your home– do the planning and understand the essentials in your layout and property right down to the number or rooms, outdoor areas, bathrooms, size of kitchen, storage and whether you have extras such as a study and additional features.When you go to visit display home you can then look at displays that have similar inclusions to what you have on your list.Things to remember when you’re looking at display homesBefore you start touring display homes across Melbourne, take the time to prepare a list of questions.Let the builders understand what is included and what isn’t.As well as this, you can book an appointment with the home builder at the display home or at a time that suits you to run through their offering to ensure that the requirements for your build are something in the builder’s scope.At Achieve Homes, our custom builders create a wide range of options to suit every taste and budget.
Developed on Greenfield land, surrounded by walking tracks, close to Kororoit Creek it is close proximity to the amazing man made ‘Lake Caroline’.Shopping and entertainment in abundance, it has close proximity to public transport, perfect for commute to work and major shopping complexes.Neighbourhood Plumpton is a thriving suburb on the move, full of cultural diversity and is situated just under 22km West of the Melbourne CBD.It is located within the City of Melton, a steadily growing community, with a growing population of 4,328 according to government census data.The median age of people in the suburb is 30 years old.Close to countless shops, schools, and local businesses it has a lovely reputation for a peaceful family friendly residential area.
Suburb Profile: Melton South At Achieve Homes we understand purchasing real estate can be a big decision and is very important to you.This up and coming suburb with a fabulous community spirit is just the place to help you find the perfect home to match your families changing requirements.Melton South has been developed on Greenfield land, walking tracks, bicycle paths and leisure reserves it has got a terrific lifestyle outlook for you and the family surrounds it.Shopping and entertainment in abundance, it has close proximity to public transport, a speedy commute to work and major shopping complexes.The growth in this region has brought new shopping, schools and entertainment to the shire.In under half an hour drive from home it will take you to the centre of Caroline Springs & Maribyrnong for even more education, medical, transportation and entertainment services with Highpoint Shoppingtown on your doorstep.Commute Melton South is a popular choice amongst home buyers because of its array of convenient commute options.
Suburb Profile: Tarneit As one of the most highly awarded home builders in the industry, Achieve Homes is a trusted home builder.We offer amazing value for money house and land packages in Tarneit, in the West of Melbourne.Positioned for lifestyle excellence, with an abundance of parklands, walking tracks and entertainment.It also has close proximity to public transport and shopping complexes, perfect for commute to work.Tarneit is rich in agricultural history, with settlements dating back to the 1830’s.NeighbourhoodTarneit is just under 25km West of the Melbourne CBD, and is located within the City of Wyndham.Historically an Agricultural community, Tarneit has developed into a rich blended community with new families and professional couples, bringing a safe secure feel to the area.
Suburb Profile: Fraser RiseThe Australian dream of owning a home can now be yours with some amazing houses for sale in Fraser Rise.Fraser Rise is a new Suburb just behind Taylor’s Hill, Caroline Springs and Hillside.Developed on Greenfield land, surrounded by walking tracks, close to Kororoit Creek.In addition, it is close proximity to the amazing man made ‘Lake Caroline’.Shopping and entertainment in abundance, close proximity to public transport and shopping complexes, perfect for commute to work.Commute Fraser Rise residents can enjoy saving time and money on commuting to and fro the city, with three major train stations, Watergardens, Keilor Plains and Caroline Springs, right on your doorstep.
Surrounded by fresh open spaces, amazing parks, plentiful waterways, walking tracks and recreational areas, it is fast becoming the latest up and coming suburb to live in.Sporting some fantastic original buildings dating back to 1840, Donnybrook has some amazing history.CommuteWhile we all want to travel as little as possible to get to work, driving or using transport to get to work is a big factor, we make sure you are close to these hubs if required because we know it is important for you to cut down on travel time and spend your time where it is more important, with your family.ConvenienceThe major shopping centre closest to Donnybrook is Craigieburn Central, just a short 18 minute drive from home, with over 100 specialty stores, restaurants, cafes, cinemas and more.You’ll also find schools and shops right nearby without their traffic cluttering up your neighbourhood!Community and CultureEthnically diverse with a mix of new families, corporate couples and new homeowners, Donnybrook has created a feeling of community.
Positioned for lifestyle excellence, within walking distance to Clyde North and Selandra Rise shops, Cascades on Clyde Wetlands, schools, close to Cranbourne Park Shopping Centre, sporting and fitness facilities plus transport options.Neighbourhood Clyde North is just under 46km Southeast of the Melbourne CBD, and located within the City of Casey.A community of over 8,000 residents steadily growing with new families and professional couples, this safe neighbourhood makes Clyde North a desirable suburb to live in.You will find yourself surrounded with shops, schools and other modern day conveniences for a modern lifestyle.A quick 14 minute drive from home will take you to the beautiful centre of Berwick, housing a large range of shopping, employment, education and the most amazing variety of fine dining options.A short 12 minute drive east takes you to the city of Narre Warren, for even more education, medical, transportation and entertainment services with Westfield Shoppingtown Fountain Gate on your doorstep.Commute Convenience is key when it comes to the daily commute.
When it comes to showcasing our skills, our craft, and what we have to offer in general, to influence the buying decisions of potential clients, it is only reasonable to put our best feet forward.These display homes are built to taste, esthetic furnishing, intricate kitchen designs, top-notch architecture, floor coverings, and impressive landscaping, all to attract potential investors.However, are they the best choice for property investments?Display homes are attractive options when it comes to property investments, as they are located in the best areas with the best facilities.Builders exert themselves to make sure display homes are built to taste and good enough to impress a first-time buyer.Discount payments: Display homes tend to sell for less than the original value, which is a great deal for the buyer.When you decide to purchase a display home, you buy a new home sooner than expected.It is also less stressful as it is on a see, inspect and buy basis.With a display property, you do not need a property manager, so that saves you money on property management fees.Note that when you buy a display home, you are signing up to be surrounded by great neighbors, a good plus if you ask me.An opportunity for rental yield: With display properties, you have the chance to earn some more money, especially in a case where you are not in a rush to move back in.
Getting to choose between renting vs buying a house in Canberra can be a tough decision.While both are good and seem to be excellent financial decisions, it all depends on the angle from which you are looking at it.Real estate experts, as well as builders in Canberra, believe that buying a home has the edge over renting.Nevertheless, there may be unknown factors influencing your decision, be it as an existing investor or as a first-time home buyer.One of the points of relief could be being free from the stringent monthly or weekly mortgage.Also, repayments attached to owning a home and the pressure that comes with having to save up a particular amount of money to ensure the patterned collection (for fear of foreclosure) is another issue.Others include payments of repairs, the flexibility of location/movement etc.While these may be justifiable reasons for such decisions, it will do you well to note that, on the average, renting repayments outstrip mortgages.In Canberra, it’s no news that her business organisations are incredibly fluid.The overall workforce is continuously on motion, so the price rate of commodities and services are hardly stable.These affect the rental market profoundly.There are more interstate and the international influx of students and visiting tourists to the attraction centres in the state.It would mean unplanned financial decisions to meet up with the ever-growing, yet unreliable increment of house rent.Can you imagine the instability it brings on the finances of a home where budgets have been for what to do or what not to do on a weekly/monthly basis?One major issue with renting is that rent payments are “dead money.”Although tenants in Australia, mostly in Melbourne and Canberra, think they’re “only” making weekly/monthly rent repayments for the houses, the mystery is the fact that they’re indirectly funding a man’s business/plan — who’s looking up to making bigger plans to make more money.
Australian residential property continues to be one of the strongest performing asset classes for investors.Over the last 25 years, house prices in Australia have continued to increase at a steady rate of 6.8%, making owning an investment property both a popular and lucrative option for Australians.Prior to the recent COVID-19 slowdown, property experts predicted the return of the housing boom, as Melbourne property prices continued to rebound strongly.This is because investment loans are considered slightly riskier than owner-occupier loans.There might also be some differences in the deposit you are required to put down on a property to be able to access an investment loan.With owner-occupier loans, it is possible to get very high loan-to-value ratios (LVRs), as much as 95%, and banks and lenders will often accept various forms of collateral including guarantees from parents to help their children enter the property market.For the most part, these types of loans are less accessible to investors and lenders generally like to see a 20% deposit.However, potential investors can still access these incentives, they will simply need to purchase and occupy the home for a period of time, prior to making the shift to renting it out as an investment.They do this so they can be sure that you are able to meet your loan repayments based on your income.For owner-occupiers, they will need to be able to meet 100% of the ongoing loan repayments.However, investors have a big advantage here as they can include future rental income, which can dramatically increase your ability to borrow money from a bank.It is worth noting that banks will only assess between 70-80% of rental income, as that takes into consideration periods of vacancy for the rental property, property management fees and ongoing maintenance costs.Another big advantage when it comes to getting investment loans is being able to access the equity in other properties.That is because your weekly or monthly payments will be lower, enabling you to potentially own an investment property when you otherwise could not.Over time, given the strong returns, we’ve seen in the Australian residential property market, the capital growth will allow you to effectively pay out the loan as the value of your property appreciates over time.
So while it will take some work to save that money, it is certainly doable for young couples or even singles wanting to get into their own home.It can be a quick and easy way to buy a first home or even a house and land package from a custom home builder in Melbourne without needing to save at all.It’s also easy for those looking to buy a home to forget about the additional costs that come with the actual purchase.Those costs include stamp duty, settlement costs and loan establishment fees.From that, you will also be able to find out what your options are regarding the LVR and deposit.Find out what those total upfront costs will be and that should be your savings goal.At this stage, you then need to work out a weekly budget that will let you save the extra cash you’ll need to get that deposit.A great free tool is PocketBook, which you can use to track your spending, so you know exactly what areas your money is going towards.Budgeting and saving are not always easy so one useful way to better manage your expenses is to allow yourself a weekly ‘float’.Transfer your weekly spending money into a separate account and only access it via debit card.All those savings you are collecting should be transferred into a separate high-interest saving account, not to be touched.For homeowners who are looking to build their dream home or perhaps downsize, you are likely in a slightly different position.
However, it pays to do your homework and understand all the costs that are associated with making that life-changing decision.Many first home buyers are often surprised to learn that the price of their new home comes with a number of additional Government fees and charges that need to be accounted for.Fortunately, for first home buyers in Victoria, the Government offers a number of incentives to help assist new purchases to deal with some of the additional costs.What is the first home buyers grant?The first home buyer grant (FHOG) is a payment issued by the Government, to help new and young home buyers get into a new home they can live in.For those eligible, you might be able to receive a $10,000 grant to purchase a home in Melbourne or up to $20,000 for areas in regional Victoria.To receive the grant, you must be buying or building a new home valued at under $750,000.The payment is made to you as a grant and is separate to other exemptions such as the stamp duty rebates.Your new home can be a house, townhouse, apartment, or unit but must be less than five years old and be the first sale of the property.Stamp duty will be the single largest cost that will come with buying a property and it’s one that needs to be accounted for prior to purchase, but fortunately for first home buyers in Victoria, you might not have to pay this particular cost.Stamp Duty is effectively a Government tax that is applied to all property transfers.The rate of stamp duty varies from state-to-state and in Victoria it is calculated on a sliding scale based on the value of the property.There are a number of factors that go into calculating stamp duty in Victoria and they include, whether you are going to live in the home (if it is your principal place of residence), whether you are a foreign buyer and of course whether or not it will be your first home.If you qualify as a first home buyer in Victora and the property is valued at under $600,000, you could potentially not pay any stamp duty costs.First home buyers who purchase a property valued between $600,001 and $750,000 are also entitled to a stamp duty concession, but above that upper limit, you won’t be able to receive an exemption.A good rule of thumb is to allow for 5% of the purchase price if you don’t meet the criteria of a first home buyer.
Planning on building a new home?As custom home builders in Melbourne and Canberra, we can help you through the whole process from initial plans to your completed home.Building a new home is your chance to have a home that is specifically tailored to you, so get the most advantage out of it by thinking carefully about your wants and needs before choosing a floor plan.Think about your current and previous homes and consider what you liked the most about each home and what was most problematic.Ask yourself if the bathrooms are well placed and whether the kitchen layout would work for the way you like to cook and entertain.Also, look at the lighting placement and consider the impact of natural light on the spaces throughout the home.On top of that, these are some important things to consider when designing your ideal floor plan.Your block of landThe shape and size of your block of land will influence your choice of floor plan.A long and narrow block, for example, will limit your choice of floor plan, while a large flat block with no privacy issues will open up endless possibilities.Your local councilBefore you proceed with building on your block of land you will need to enquire with your local council as to any height restrictions, heritage guidelines, easements or other issues that could impact the design of your house and affect your choice of floor plan.Your lifestyleIf you enjoy throwing large parties or have hobbies that take up space, it’s important to factor these things into your floor plan.Sufficient storageDon’t forget to factor in plenty of built-in storage.A house with loads of storage space is a tidier, happier home to live in!Your stage of lifeThe stage you are at in your life will play a very important part in your choice of floor plan.First home buyers need to consider the future and allow for additions to the family, with the main bedroom close to a nursery and bedrooms for small children.Second home buyers with growing families need to consider separation between the main bedroom and the children’s rooms and the possibility of adding a rumpus room or second living area so there’s plenty of space for everyone.Downsizing doesn’t necessarily mean building a smaller home than your current one, simply one that is lower-maintenance and more suited to your stage of life.
Major Australian banks are helping homeowners during the current COVID-19 crisisAs a homeowner, we understand that this can be a confusing and difficult time due to the corona virus crisis.In light of recent events, major Australian banks, NAB, Westpac and ANZ have announced support for homeowners struggling with their home loans.They are offering home loan customers experiencing financial hardship the opportunity to put their home loan repayments on hold for up to six months.ANZ has offered their customers a decrease in variable interest home loan rates from March 27, as Commonwealth Bank, NAB and Westpac offering their customers a reduction of their fixed home loan rates for one, two and three years.For homeowners, this comes as good news!As the interest rates are lower than ever, this is the ideal time to purchase your new home.In fact, it is currently more expensive to rent than to buy a home.Don’t know where to start?Whether you’re a First Home Buyer, a Second Home Buyer, an Investor or even a Downsizer, Achieve Homes can guide you through the entire process of buying your new home.