Did you know that the median price of a house in Mandurah in 2002 was just $139,000. This figures seems paltry when compared to the median price just 5 years later of $400,000.! Over 2005, 2006 & 2007, prices were increasing so dramatically that many first home buyers found themselves priced out of the property market. Whilst the GFC brought many investors to their knees, it has provided some relief to first home buyers with median prices returning to a more affordable $325,000. It is now cheaper to buy an established property than to build a new one.
With rents increasing and interest rates falling, now is the time for all first home buyers to get their foor planted firmly on the property ladder. Statistics show that the median rent for Mandurah is $330 per week and rising. For not much more than you are paying in rent, you could own your own home. Just imagine, no more rent inspections... no fear of rent increases... and no having to seek permission to get a pet.
Take a look at these first home buyer bargains...
4 Wellstead Way, Coodanup................... repayments from $325 per week
Solid brick and tile 3 bedroom home just 300 metres from Mandurah Centro. Start here, put in the hard work then sit back and watch your home gain value. This would have to be one of Mandurah's cheapest homes! $215,000
7 Underdale Place, Coodanup................repayments from $390 per week
If presentation is important to you, don't pass up the opportunity to inspect this spotless 3 bedroom brick and tile home. Situated in a quiet cul-de-sac on a large 807m2 block with a huge powered workshop. This property represents outstanding value for money! $258,000
19 Luckhurst Drive, Mandurah................repayments $439 per week
Well cared for 4 bedroom brick and tile home in a highly sought after location. Located just minutes from the train station, Mandurah Centro, sports clubs, bowling club, park and Aquatic Centre. Everything is at your fingertips here. $290,000
A First Home Buyers Grant of $7000 is available to eligible applicants, so it makes sense to put your hard earned money into your own future. Don't waste time paying off somebody elses mortgage, give H&N Perry a call today on 9535 1822 and let us help you move into your first home.
*Prices are based on weekly repayments at 6.85% interest over 30 years.
