5 reasons to buy in Kingslea right now

If you’re dreaming of buying a new home, now is the time. Take advantage of the current government incentives and additional offers available at Kingslea to make your dream become a reality.

Here are 5 great reasons now is the perfect time to buy a brand new home at Kingslea.

HomeBuilder Grant

Owning your own home has been made easier with the government’s $25,000 HomeBuilder Grant! This incentive is available to eligible owner-occupiers to build a new home/buy off-the-plan. To be eligible, applicants will need to have an income below $125,000 (or $200,000 for couples) and the value of eligible properties is capped at $750,000. More information on eligibility criteria.

Stage 1 at Kingslea is HomeBuilder Grant ready but get in quick as to receive the $25,000 grant a contract must be signed before 31 December 2020! To find out more about our great range of luxury town homes contact Jason on 0427 807 818 or email [email protected].

On 29 November 2020, the Australian Government announced an extension to the HomeBuilder program, with a number of changes to the grant amount and criteria. After December 31 the grant amount decreases to $15,000 and contracts must be signed between 1 January 2021 and 31 March 2021, inclusive. For more information visit the Australian Government’s HomeBuilder web page.

First Home Owner Grant

As a first home owner buying at Kingslea you can also take advantage of the First Home Owner Grant (FHOG). It provides an extra $10,000! The FHOG is available when you buy or build a new home. The amount paid for the home, that is the contract price for construction when building the home, must be $750,000 or less. It also has to be your principle place of residence. More information.

This is great news for those planning to buy in Kingslea and with the combination of the current HomeBuilder Grant means you could take advantage of up to $35,000 in grants if you are a first home buyer.

Kingslea’s $50K of premium upgrades

Purchase a town home in Stage 1 at Kingslea and receive $50K of premium upgrades at no extra cost! To find out what’s included contact Jason on 0427 807 818 or via email at [email protected].

Stamp duty savings

Recently announced in the Victorian state budget 20-21, 50% of stamp duty will be waived on newly built or off-the-plan homes valued up to $1million. Applies to contracts entered into on or after 25 November 2020 and before 1 July 2021. For more information visit the State Revenue Office website.

Plus, as a first home buyer there are further stamp duty exemptions and concessions available. The Victorian government’s first home buyer exemptions and concessions apply to both established and new/off-the-plan homes. If the dutiable value is of $600,00 or less, you could receive an exemption from having to pay stamp duty. If it’s between $600,001 to $750,000, you could still get a duty concession. For more information visit the State Revenue Office website.

First Home Loan Deposit Scheme

The First Home Loan Deposit Scheme allows first home buyers to enter the market sooner by purchasing with a deposit as little as 5% by guaranteeing up to 15% the value of the home, saving you from paying Lenders Mortgage Insurance (LMI). More information.