The Great Australian Dream of buying a home in the near future is alive and well among young Aussies, with first time buyers driving demand for low maintenance homes like townhouses and terrace homes.
With young Australians seeing homeownership as a marker of independence and an assurance of security for their future, ‘rightsized’ homes are allowing first home buyers a foot in the property door while still having spare change and time to prioritise their lifestyle.
Embarking on his first foray into the property market, 22-year-old digital creator Mackenzie (Macca) Reardon said Harmony by AVID Property Group (AVID) was incomparable when looking to purchase his first home on the Sunshine Coast.
“Harmony was everything I was looking for – the best option for me, my budget and my lifestyle right now, but I could also see it suiting me well into my late 20’s and early 30’s,” Mr Reardon said.
“I work fulltime and spend all my free time outside venturing around, so the low maintenance and affordability aspect of the terrace homes made it hard to go past.
“When you’re looking at buying your first home, you feel like you have to sacrifice certain parts of your life to be able to maintain your new home as well as the general mortgage repayments, but the minimal up-keep of my terrace home allows me the freedom to own my own home without sacrificing my business or social life.
“After renting at Harmony for about a year I was eager to purchase my own place here. Its location suited my lifestyle perfectly – 10 minutes from the beach, a quick trip on the motorway to work, and it’s close to the hinterlands for weekend adventures.
“Some of my mates’ parents have built here also and I know a few others who are in the process of building. It’s a peaceful community, with a lot of nice people and with so much still to come – I can see a strong future here.”
Having released 72 new terrace homes just last month, AVID General Manager Queensland Bruce Harper said 90 per cent had already sold out with enquiries still coming through the door.
“The surge in enquiries speaks to that need to have a low-maintenance life with the added benefit of easy access to fantastic community amenities and open spaces – that’s the beauty of rightsizing,” Mr Harper said.
“These terrace homes are designed to take advantage of Harmony’s vast community spaces, parks and natural outlooks – Harmony is their own backyard and that’s why a variety of people, from young adults to empty nesters, choose terrace home living.
“We also work with builders who tailor their designs to make the most of the Queensland weather, incorporate natural lighting, airflow and most importantly entertaining spaces into the homes – it’s about meeting lifestyle needs.
“Macca is just one of many buyers that have been attracted to our terrace homes here at Harmony – with many choosing this style of home due to the minimal up-keep required, which allows residents more time to focus on what’s important to them.
“Providing a range of housing option is important to us because our community has been designed to cater for people and families of all ages from singles and first home buyers to growing families, downsizers and rightsizers.”
For more information on the Harmony community, visit www.harmonyliving.com.au.