After a tough 12 months for the Australian economy, recent data has revealed a surprising trend: houses are steadily gaining value right across the country.
And analysts expect the nationwide price growth to continue in 2021. CoreLogic’s Head of Residential Research, Eliza Owen, told the ABC that a combination of low interest rates, improved consumer sentiment and ongoing coronavirus stimulus measures would fuel further rises.
Kate Melrose General Manager Sales at Ingenia Communities calls current conditions “the perfect storm” for those wishing to sell the family home.
Ingenia Lifestyle saw a record number of people settle in their communities in the last year, proof there is an increasing demand from downsizers looking to make the most of their assets and improve their lifestyle.
“Purchasers can maximise the sale proceeds of their home with Ingenia Lifestyle land lease model where the buyer owns their new home and leases the land.”
That’s because Ingenia Lifestyle residents own their house, but rent the land on which they sit. As a result, the initial purchase price is much lower than comparable homes elsewhere. And many residents can access government rental assistance to offset the cost of renting the land.
“There’s a mental freedom that comes from having more money in the bank,” says Kate. “In times like these, having that sort of financial flexibility is incredibly valuable.”
Come along to Ingenia Lifestyle Chambers Pines to experience the beautifully appointed display homes and to view the clubhouse facilities.
To find out more or to book a personalised tour, call the Chambers Pines team on 3445 4367 or go to liveinlogan.com.au.
