The Next 6 Weeks…

The 5-day lockdown over the Valentine’s Day weekend has added fuel to the fire in regard to buyer demand. The fear of missing out was amplified by the sudden inability to inspect property. The biggest driver is coming from those buyers that have sold and are buying back in the market as they upsize, relocate, or laterally move across markets.

Changes to the First Homeowners Grant (FHOG)

A subtle and unpublicised change to the first homeowners grants (FHOG) is set to have an impact on the demand for newly built homes. I would encourage all first homeowners to visit the website of Victoria’s State Revenue Office to gain clarification on what homes are eligible for the FHOG. The major change is in relation to what constitutes a new home.