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Developers set for first home buyers rush

first_imgAbey Bosley will build her first home at Aura by Stockland.“I chose Aura because it is close to work (Sunshine Toyota) … about 10 minutes,” she said.“And I chose Ausmar Homes (to build her house) as we already have an affiliation with them at work.”Ms Bosely said that while she did not need the extra $5000 to get in to her own home, she wanted to make the most of the full grant. She said her parents would be moving in to help with the repayments.“It had always been my goal to have my own home,” she said. “And I wanted a new house so that I could tweak it to suit my needs.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus18 hours ago“I changed a few things around … rearranged the bathrooms and the outdoor area, got rid of the laundry to extend the kitchen.”Once completed, Aura will consist of 20,000 houses. The Kate Release was launched on June 11, and consists of 19 house sites, two duplex lots and nine terrace lots.First home buyers make up around 50 per cent of Stockland’s residential customers nationally, according to the developer.Sunshine Coast Lightning player Laura Scherian has purchased a block of land at Harmony by AVID Property Group, and will build her first home. Laura Scherian has bought land at Harmony by AVID Property Group, and will soon build her dream home.“I was so thrilled when my partner fell in love with Harmony as well — we just love the community,” Ms Scherian said.“The location of Harmony is perfect, with the generous amount of parkland throughout the development and being so close to schools, the university, hospitals and the highway, which makes travelling to Brisbane a breeze.“What’s even better is that we are only a short drive or bike ride away from the beach and I couldn’t think of anything better to do on the weekend than spend it on the sand.”The $3 billion masterplanned Harmony community is being constructed at Palmview, and will deliver more than 4800 homes for 12,000 residents over the next 15 to 20 years.The developer recently released its seventh stage — Prosperity — which has 21 block of land on offer, ranging in size from 300sq m to 555sq m and starting from $242,500.Meanwhile, more than 60 per cent of buyers at Woodlinks Village at Collingwood Park are living their own great Australian dream — home ownership. Woodlinks Village at Collingwood Park. Photo: SuppliedVillage Building Co CEO Travis Doherty said the vast majority of purchasers so far have been first home buyers, with many drawn to the masterplanned community due to its affordable land and proximity to existing and proposed infrastructure.“The residential communities proximity to Brisbane, Ipswich and Springfield as well as access to retail, education, health and recreation facilities, established public transport and employment, is driving its popularity,” Mr Doherty said.“A multibillion-dollar program of infrastructure development is already underway in the region and is anticipated to see local jobs rise significantly proving to be a real drawcard.”According to Village Building Co, first home buyers, in particular, have been driving the demand and growth in the region.Woodlinks Village will be released over 12 stages and consist of 777 home sites. It is expected to be home to 2500 people once completed. Land in stage seven is currently selling from $171,500. House and land packages are available from $360,848.center_img WITH just one week to go until the First Home Owners’ Great Start Grant reduces from $20,000 to $15,000, residential developers are finalising contracts in a bid to meet the deadline.The cut will take place from July 1, and will revert back to $15,000 — with that grant extended for another 12 months.Real Estate Institute of Queensland media manager Felicity Moore said they were expecting to see a last minute rush of activity in the new home market.“Queensland is already the most active state for these first-timers, with about 25 per cent of lending activity allocated to first home buyers, thanks to our affordable property and the boosted grant,” she said.“It will be interesting to see how that percentage changes once the grant reverts to $15,000 — will we continue to be such a busy hotbed of activity for rookie property buyers?”Porter Davis CEO Adrian Hondros is confident the reduction will have little to no impact on the first home buyers market, suggesting it will instead force builders and developers to come up with more competitive offerings.“What first home buyers need to keep in mind is the overall outlook for the market, which is promising,” he said. “The number of first home buyers has been in decline and although these changes may tighten budgets for some, having an incentive in place will continue to help younger generations get on the ladder.”Mr Hondros said that the reduction would present both opportunities and challenges within the house building industry, and the onus would be on new home builders to provide the correct product to suit the needs and budgets of first home buyers.One of Australia’s biggest residential developers, Stockland, is also confident the market will remain strong.“We have been working very hard to help dozens of first home buyers finalise their land contracts in order to have building contracts in place by the June 30 cut-off,” Stockland’s David Laner said.“It is important for first home buyers to remember that there is still a generous incentive ($15,000) for building or buying a brand new home.”***What you need to do to qualify for the $20,000 grant:— The value of the grant depends on your contract date. Contracts finalised on or before June 30 may be eligible for the $20,000 grant— Contracts not finalised before June 30 will be eligible for the $15,000 grant— The $15,000 grant has been extended until the end of the 2018/19 financial year— The grant is only applicable to new homes and apartments valued at less than $750,000***First home buyer Abbey Bosley signed the contract for her new home on June 10 — with 20 days to spare before the reduction.The 20-year-old has bought a $402,500 house and land package at Stockland’s Aura community on the Sunshine Coast, and will build a single-storey, three bedroom house on a 250sq m lot.last_img read more

EA1 Leads to One of Europe’s Largest Archaeological Digs in 2017

first_imgThe onshore works for East Anglia ONE underground cable have unearthed a historical treasure for the Suffolk area. So far evidence from the Bronze Age, Iron Age, Roman period, Anglo-Saxons and into the medieval period has been found, making this one of Europe’s largest archaeological digs this year, according to ScottishPower Renewables.Image: ScottishPower RenewablesThe archaeological excavations have been funded by ScottishPower Renewables, prior to the construction of a 37km underground cable, which will connect the 102 turbines from the East Anglia ONE Offshore wind farm to a new electricity converter station at Bramford.Wardell Armstrong was commissioned to oversee archaeological works across 60 hectares of Suffolk countryside, working closely with Suffolk County Council. Up to 400 archaeologists have been involved in the work since February, with a peak on-site workforce of around 250 at any given time, as well as 20 members of the Ipswich and District Metal Detector club.Joanna Young, Stakeholder Manager at ScottishPower Renewables, said: “Hundreds of archaeologists and metal detectorists combing over fields in Suffolk is not the first thing you think of when you imagine an offshore windfarm – but it highlights the wide range of efforts needed to build a major energy project like ours.“We decided early on to invest in underground cables to take power from the offshore windfarm to the National Grid, rather than building pylons. This means laying cables under the ground and roads and rivers and railways across a 37km stretch. We need to make sure that we do this work in a sensitive manner, and it is important to record all items of archaeological significance.”The cable laying project for East Anglia ONE will begin in the next few months, ScottishPower Renewables said, and construction work is already underway at the onshore substation site in Bramford.Offshore work begins in 2018, with the 102 Siemens 7MW turbines due to be installed in 2019, before the project is fully operational during 2020.last_img read more