We negotiated a bulk deal on new house and land packages for first home buyers, giving them $75,000 in government benefits and generating $500,000 in net worth at settlement.
We recognized that first home buyers are at a significant disadvantage in the heated Sydney property market.
Prices are rising quicker than they can save for a deposit. Affordable properties are in short supply, and almost always sell above reserve while building a new home often come with hidden costs, fees, and can seem overwhelming for the inexperienced.
We saw a need for an affordable, streamlined solution for first home buyers so we decided to create this opportunity and level the playing field. Our goal was to create a house and land package which would meet all the NSW government’s criteria for first home buyer / builder grants, concessions and government backed low deposit loans (putting an extra $75,000 into the pockets of first home buyers) while delivering a higher quality home and equity upon completion.
After conducting market research and evaluating future growth potential, we approached a developer and negotiated a significant discount on a large number of lots within a premium up-coming estate in Box Hill.
We also entered a partnership with a builder to deliver double storey, 4-bedroom homes built to our superior specifications, at 20% below comparable market price.
The final house and land packages cost just $650,00 -$700,000. At the time in mid-2020, comparable properties in the market were selling for $850,000. Our clients were saving over $150,000 and gaining an additional $75,000 in government benefits. Our clients were $225,000 better off by buying through us rather than the open market.
To make things even easier for these first home buyers, we did not allow any investors to buy into this opportunity and we negotiated 5%deposits on both the house and land.
Furthermore, the land was unregistered at the time of contract exchange. This meant our clients were able to ‘hold’ the land as it rose in value while not paying any mortgage repayments until settlement at registration – several months later. During this period, our clients saw their land double in value.
As of mid-2021, these clients are settling on their house and land packages which are valued at over $1M. That represents $500,000 in net worth generated before their first mortgage repayment!
This case study is a perfect example of how a buyer’s agent like Wealth 360° can help you take your dollar further when buying real estate by unlocking strategies which would otherwise be out of reach to the average buyer.
Although this may seem like a Covid bargain, the fact is that we are still helping our clients save $100,000’s per property transactions weekly. We don’t look for opportunities, we create them.
Below are just some of the investment opportunities currently available to our network.
A hand picked selection of 1 and 2 bedroom units within Castle Hill’s premier high rise residential development is available
exclusively to our clients at market beating prices.
A highly sought after location, strong demographics and excellent tax benefits make for a great all-round investment.
We have negotiated up-market homes at a discount with discerning first home buyers or uprisers in mind.
Located within a master planned community adjacent to an upcoming business precinct this is a great lifestyle move or investment.
The first two releases have fully sold out. Enquire about our waiting list for the next release.