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Drop in interest rates

With the drop in official cash rate to .01 per cent by the Reserve Bank of Australia, now might be the right time to buy your first home or to invest. This move will see home loan rates at their lowest ever.

The low interest rate means a smaller repayment for those taking out a home loan. Homebuyers are in a favourable position; they can leverage the opportunity by seeking out the best home loan lender. The current interest rate is predicted to remain at this all-time low rate for the next 3 years. Every dollar counts when you are buying a house. So, with low interest rates and other government assistance schemes in place, the decision lies with the homebuyer to embrace the market conditions as COVID -19 restrictions ease. Current government incentives that are available for first home buyers and for new home builds are:

  • First Home Loan Deposit Scheme
  • $25,000 HomeBuilder Grant
  • $10,000 First Home Owner Grant
  • Monument Estate is offering 5% deposit on house and land packages. Visit the Sales Office at 1329 Plumpton Road, Plumpton or call 1300 040 563 to speak with the Sales Team .