Stockland home and land packages prove more affordable than Perth's rising median home price.
Brand new home and land packages at Stockland’s six residential communities across Perth are proving considerably more affordable than the average established house according to latest figures from the Real Estate Institute of WA (REIWA).
The REIWA revealed Perth’s median house price rose almost 2 per cent in the three months to December 2016 taking the median house price to $535,000.
However, Stockland’s WA communities - Vale at Aveley, Whiteman Edge at Brabham, Amberton at Eglinton, Newhaven at Piara Waters, Calleya at Treeby and Sienna Wood at Hilbert, are all offering new home alternatives thousands of dollars less than that figure.
Home and land packages at Stockland communities start at just $302,950 for a three-bedroom, two-bathroom home at Vale in Aveley, more than $232,000 below Perth’s latest median house price figures.
Col Dutton, General Manager for Stockland WA, said he was delighted the new data showed entry-level new homes at Stockland communities had a big price advantage over median established homes.
“Our house and land packages deliver amazing options for buyers, especially first time home buyers who are eager to get their foot onto the property ladder,’’ Mr Dutton said.
Mr Dutton said record low interest rates, the increase of WA’s First Home Owners Grant to $15,000 and a $20,000 income limit increase for Keystart Loans have also made this an ideal time for new home builders.
Building a new home also has the added advantage of starting with a blank canvas so buyers can create their own style and character from the outset rather than modifying their needs to fit an existing structure.
To find out more about Stockland’s house and land packages in WA, visit a Stockland Sales and Information Centre at your chosen community or call 13 LAND (13 5263).
"Building new has many advantages, new homes are designed for today’s lifestyle and they are generally cheaper to run than older houses due to higher energy star ratings and more efficient heating, cooling, lighting and appliances.” -Col Dutton, General Manager Stockland WA