With 60 per cent 1 of Australians dreaming of owning their own home, there is a demand for solutions to alleviate some of the financial barriers renters face when entering the property market.
There are various benefits available to first home buyers including Queensland’s $15,000 First Home Owners Grant and stamp duty concessions – however for some, the impact to their cost of living while simultaneously building and renting outweigh these benefits.
AVID Property Group (AVID) General Manager Queensland Bruce Harper said the additional cost of rent on top of construction and mortgage costs can be one the obstacles when looking to build.
“The average time it takes to build a home is four to eight months which is why the extra cost of rent during that period, on top of a mortgage and the cost of living, can cause a reasonable amount of financial stress,” Mr Harper said.
“The extra time and the associated costs it takes to build do add up, but the end result of having a home tailored to your lifestyle is worth the extra effort.”
To help renters enter into the market, Brentwood Forest by AVID – a masterplanned community in the high growth suburb of Bellbird Park – has launched an $8,000* offer, the AVID We Pay Your Rent – While you Build Reward.
Mr Harper said the AVID We Pay Your Rent – While you Build Reward could help alleviate some of the financial stress of building for buyers.
“The reward is equivalent to $400 per week for 20 weeks – which when compared to the median home rental price in Bellbird Park of $385 per week 2 is quite significant,” Mr Harper said.
“We hope this offer will go a long way in helping buyers purchase their dream home without the added stress of extra rental costs.”
The AVID We Pay Your Rent – While You Build Reward is available on selected blocks for eligible buyers and will be available until 1 March 2020. For full terms and conditions, visit www.brentwoodforest.com.au/startnew.
The participating Brentwood Forest blocks range from $183,000 to $210,000. House and land packages start from $352,990*.
Promotion Terms & Conditions:
AVID Property Group’s Brentwood Forest is offering the AVID We Pay Your Rent – While You Build Reward to eligible home buyers of selected blocks within the Brentwood Forest community. The promotional period will run from 17 January 2020 until 5:00pm AEST on 1 March 2020. For full T&Cs please visit: https://brentwoodforest.com.au/wp-content/uploads/2020/01/Terms-and-Conditions-We-Pay-Your-Rent-%E2%80%93-While-You-Build-1.pdf
1 Westpac (2017) A Place to Call Home
2 Core Logic (2019) Bellbird Park QLD 4300
* T&C’s apply, Price correct as of 4 February 2020