Time to move house? It’s the perfect time to build a new home and here’s why.
To say the first half of this year has been a bit ‘strange’ would be an understatement, to say the least. But like every cloud, this one has a silver lining, and it just so happens that the current cost to build a house makes it a very attractive option for those looking to buy. Changes to the loan-to-value ratio (LVR) LVR’s have long been a roadblock to many eager homeowners who have wanted to purchase a property, but the need for a 20 percent deposit (equating to an LVR of 80 percent) was just too far out of reach for many. But the Reserve Bank recently announced they were going to remove the restrictions on LVR for 12 months, making it much easier for people to purchase property. Lower interest rates How low can they go? If you’re talking about interest rates – very low. In fact, some are even lauding this as the best time in history to buy a home. Building new vs. buying old There are many benefits to working with a home builder to build your dream ho...