With a raft of new incentives now available, the dream of home ownership is now closer to reality for first home buyers looking to break into the property market.
Buying a new home is not only a major life decision, it's also a significant financial outlay. That's why it's important to be informed about the various benefits on offer and how you can get into the market sooner.
Last year, the Victorian Government abolished stamp duty for first-home purchases under $600,000, with concessions now available for those up to $750,000.
Saving for a first-home deposit can be a struggle, which is why every little bit helps. Using term deposit and online saving accounts often attract higher rates, which can help you save faster.
Eligible first home buyers can also take advantage of the government's $10,000 first home owner's grant for properties up to the value of $750,000.
Spurred by these and other incentives, savvy first home buyers looking for lifestyle and modern city living have set their sights on Southbank's Melbourne Square by OSK Property.
With its green spaces, high-quality residential apartments, sophisticated interiors and location, Melbourne Square is an enticing prospect for buyers looking to settle into a connected urban environment.
The development is Melbourne's most exciting mixed-use project where residents will literally be able to live, work and play and is set to transform the site into a dynamic mixed-use community and retail hub.
Featuring an urban park, Woolworths supermarket and childcare facility, it's no wonder these luxury apartments are so sought after.
Residents will also be able to enjoy an array of attractive array of amenities, including pools, bars and dining rooms, lush rooftop gardens and elevated parklands.
Many young buyers are realising the benefits of being able to lock in property at today's prices and save for settlement in three years-time.
There are significant savings to be had for first home buyers purchasing off-the-plan. With so many opportunities available, there's never been a better time to get on the property ladder and buy a place of your own.
By taking advantage of the first home buyer schemes on offer, you too could call Melbourne Square home and enjoy the enviable lifestyle options at your doorstep every day.