The rental market in WA is facing a squeeze, with properties drying up and vacancy rates dropping to almost zero. Those who have been saving up but have not been fortunate to secure a rental, are now considering the option of owning their own home. Perth has been inundated with thousands of applications for house and land packages, and with the rental market providing grim prospects for the rest of the year, right now is the time to be buying a house, whether investing or making a forever home.
At Winning First Homes, we are able to secure a house and land package for you with exclusive access to land in handpicked suburbs. Our team is committed to tailoring the perfect package to suit your budget and lifestyle so that you can comfortably move into your own home.
Since the issue of the federally funded HomeBuilder grant which began in mid-2020, WA now has almost 22,000 new builds lined up this year. The COVID-19 stimulus package had its effect across the state economy, driving up sales for house and land packages across Perth’s suburbs. Despite the application deadline on April 14 for the HomeBuilder grant and Building Bonus subsidy, building in 2021 is a financially sound option for people of all budgets.
Amongst the swell of house and land packages being sold in the past year, investors and first time buyers came at the top of the list. Finding the right home at the right price has become increasingly difficult. “With only 8000 properties listed on the market, Perth is in a major shortage of properties for sale which has now resulted in a rental crisis. Perth rent is seeing increases of up to 20% which is putting strain on most families. Now with interest rates so low, it’s cheaper to build your own home than going into a rental” stated our Sales Director Craig Wych.
If you are experiencing difficulties securing a rental or maintaining a price within your budget, Winning First Homes have everything you need to get out of the rental trap. We have a wide range of house and land packages across Perth to suit all budgets with exclusive finance options available. Our well-appointed designs feature open-plan living and all the inclusions to make a comfortable transition from renting to owning your own home.
View our range of house and land packages across Perth or contact us at Winning First Homes for more information.