Finally
our government has recognized to need to provide a way/path for our
first home buyers to take in order for them to enter into the property
purchase market.
When
the State Budget was handed down in early June, the Deputy Premier,
Treasurer and Minister for infrastructure, Hon Anna Bligh, promised to
unveil an Affordability Strategy within weeks; in late July, she
released the strategy to get positive support from industry.
The
Government intends to establish the Urban Land Development Authority in
late 2007 with the power to develop a range of housing products to meet
the needs of diverse communities. Initial sites to be
acquired, planned and sold to developers, subject to conditions to
achieve affordable and social housing policy outcomes, have been
identified. These include Bowen Hills, Fitzgibbon, Northshore Hamilton and Wolloongabba in Brisbane as well as the Mackay showgrounds. The
Government is also seeking to fast track other sites identified in its
South East Queensland Regional Plan such as Coomera and Ripley Valley.
Importantly, the government has recognised that the issue of land supply and its impact on affordability is a Statewide issue. The government's approach to these issues will include consideration of issues in high growth centres in regional Queensland. The
economy, society and our industry needs sustainable policy to develop
to ensure that how ownership remains within the reach of those who
aspire to it."
Recently reported by Dan Molloy MD REIQ.
This
together with most lending institutions now introducing special
products to cater for the First Home Buyer This is finally making it
easier for them to secure a loan, especially with the ability to
utilize the First Home Buyers Grant to assist with covering purchase
fees or to go towards purchase deposit.
To be sure you are heading in the right direction to make your first property purchase call now for a FREE consultation to assess your loan borrowing and property purchase capacity.
Call NOW at no cost to you. This FREE consultation is confidential.