The Federal Government’s First Home Loan Deposit Scheme (FHDS) is helping First Home Buyers get into the property market.
Under the FHDS, eligible first home buyers can purchase a home with a deposit of as little as 5 per cent. The scheme will be available to first home buyers applying for owner-occupied loans on a principal and interest basis, who are on an income of up to $125,000 per annum for singles and up to $200,000 per annum combined for couples.
There is a price cap on eligible properties, which is calculated based on location. For Melbourne metro and regional centres across Victoria – i.e. Geelong – the price cap is $600,000.
The FHDS will support up to 10,000 loans each financial year and can be used in conjunction with the State Government’s First Home Owners Grant. First home buyers in Metropolitan Melbourne are eligible to a grant of $10,000 while those in regional Victoria (including Geelong and Bendigo) are eligible for up to $20,000, when buying or building a new home valued up to $750,000.
Villawood Properties has curated a collection of enticing house and land packages for First Home Buyers.
Price wise and offering all the features that Villawood is famous for – expansive open space with public artworks, high quality amenity and a genuine sense of community – these homes are the perfect first step into home ownership.
Villawood is working with Australia’s best volume builders to ensure the home you build is nothing short of the one of your dreams.
From the very early planning stages of a community, we set out to create something our residents will love for how it adds to their health and wellbeing. Our communities feature parks, playgrounds, paths and tracks all designed to connect neighbours and build relationships. This open space provides families with plenty of options for growing kids to play in a safe environment that’s close to nature, great fun and a wonderful place to learn and to challenge themselves.
Villawood’s signature Residents’ Clubs feature are thriving central hubs offering premium lifestyle facilities where residents can form genuine connections with their neighbours.
From modest beginnings in 1989 developing small subdivisions in Bendigo, today Villawood Properties predominately concentrates on large scale master planned communities which incorporate a combination of mixed-use town centres, residents’ clubs, educational facilities, large display villages and the creation of high quality parks and open spaces. We understand there is much more to creating a living, breathing community than simply constructing a housing allotment, and are committed to going that extra mile to deliver vibrant communities where residents form strong and lasting relationships.