PURCHASING a one-year-old house that had never before sold enabled the buyers of a Lara property to access the first-home owners grant and enter the market.
The Geelong buyers paid $540,000 for the modern four-bedroom house at 34 Wathaurong Drive days before it was due to be auctioned on Saturday.
Ray White, Lara agent Matthew Wade-Taylor said the house matched all the criteria for the Victorian Government’s $20,000 first-owners grant.
MORE REAL ESTATE NEWS:
Entry-level Highton property pits first-home buyers against each other
Competition from five bidders for chance to add value in Bell Park
Unexpected bids from buyer in parked car dashes competitors’ hopes in Newcomb
Under the rules, the money is available for first-home buyers purchasing a house in regional Victoria which is less than five years old, is being sold for the first time and has a value of $750,000 or less.
He said that combination, and the layout of the Boutique Homes design, made it an attractive buy.
“I have got a couple looking to buy at the moment, they are first-home buyers, and I said to them ‘you have got to go for those newer ones that haven’t sold before’,” Mr Wade-Taylor said.
The family-friendly house includes two bathrooms and two living areas, which Mr Wade-Taylor said was unusual in this price bracket.
An open-plan kitchen, dining and living room at the rear opens onto a covered outdoor entertainment area and low-maintenance backyard.