NOW IS THE TIME TO GET INTO THE MARKET
If you are looking to purchase your first home now is a great time to be getting
in to the property market. Four reasons to make your move now are:
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In some of Australia's markets property prices have fallen for the
past 18 to 24 months and look like increasing from late 2006 into 2007.
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Interest rates look to be staying low for an extended period.
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Availability of some great loan products to help you get started
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The Federal Government offering the first home owners grant and
some state governments offering stamp duty concessions.
As prices soared around Australia after the 2000 Sydney Olympics it became
increasingly harder for young Australians to purchase there own home. But with
property prices reducing to more realistic levels the government has seen the
need to help people buy their home. So if you haven't
previously purchased a
property in Australia you can claim $7,000 towards your purchase and the
government will pay the stamp duty for any properties under $500,000. Due to
the banking industry becoming far more competitive loan products have become
available to give you further assistance in purchasing your home. There are
100% home loans available, meaning all you need to do is come up with the costs
and show the bank that you have the ability to service the loan. With interest
rates at historically low levels, now is a great time to buy.
EFS can look at you present situation to show you which loan product best suits
your needs. We show you how much money you need to purchase your home and what
the ongoing costs will be. From our range of over 24 different banks and
lending institutions we will guide you in getting the best possible interest
rate with the features you need to pay off your home as quickly as possible.
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