Financing your first home
We understand that financing your first property might be confusing, which is why we’ve put together the ultimate guide to help! Summarising the government support available across Australia, this guide will break down everything you need to know about financing your first home.
While you might be checking all the usual boxes when it comes to bedroom count, garage size and space for the trampoline, considering the surrounding community for your new home can have a huge impact on quality of life for you and your growing family. Here’s what to look for:
The good news is that once you’re confident with the financial intricacies, the process begins making much more sense. Here’s what you need to know:
Amenities on hand
Whether you need to dash to the shops for a missing baking ingredient or want to enjoy a lazy Sunday at a local cafe, choosing a home within a residential land community (also known as a greenfield community) means everything you need day-to-day will be nearby. You’ll usually find the following either within a purpose-built community (or close to home):
- Recreational areas and sports facilities
- Community services
- Transport hubs
- Shopping centre
- Restaurants and cafes
- Schools and preschools
- Doctors and other healthcare providers
- Ample greenspace and communal areas.
Like-minded neighbours and security
The convenience that comes with living in a purpose-built community is a huge drawcard for people that are in the same life stage. And, with everyone starting a new chapter of life in the community, you’ll often find families are keen to connect. If you're thinking about buying a brand new property, learn how to find the right community to buy in here.
Getting to know your like-minded neighbours means impromptu sunny Saturday afternoon BBQs with kids in tow might simply mean popping next door. And community events become an opportunity to catch up with new friends – for both you and the kids.
As a bonus, building a strong community will make you feel safe and secure in your neighbourhood. With a community of people looking out for one another, things like trick-or-treating and jogging at dusk or dawn come with fewer worries.
An array of options across home size and budget
From homes specifically designed to accommodate the kids, the pets, caravan, boat, shed or the trampoline to low maintenance and more compact townhouses or apartments, residential land communities have options to suit all kinds of families and budgets. Within a community, you’ll often find a mix of land options, house and land packages, townhouses and apartments on offer.
The living is easy - in the right community
Residential land communities are becoming an increasingly popular choice for Australian home buyers with growing families. They provide the opportunity to live in an area that is purpose-built for comfort, community, security, convenience and, overall, provide a lifestyle where the living really is easy.
Researching your next property move? Whether you’re a first home buyer, looking to downsize, invest or move to a bigger home, our guide to finding the right community to buy in is packed with information to help you choose the best spot for your new home.
*Disclaimer: The information used in this document is indicative only and may not represent the final detail or accurately represent personal circumstances of each person. Cedar Woods gives no warranty concerning the accuracy of the material or information displayed in this blog. Prospective buyers should make their own enquiries and rely on their own investigations and independent advice. All information in this blog is subject to Terms of Use accessible at www.cedarwoods.com.au/Terms-of-Use.
