Searching for your piece of real estate in Goonellabah? The award-winning property group, McCloy Group are forging ahead with the development of Eastwood, their first residential community in the Northern Rivers Region and now more than ever there has never been a better time to build new!
Set on 21 hectares off Invercauld Road, Eastwood was first launched to market in November of 2019, with the McCloy Group building Stage 1 inclusive of 23 homesites, an impressive entry feature, statement public art and infrastructure leading into the site upfront ahead of the initial release.
Today part two of the Hemlock Release hit the market and proved popular amongst locals with four families arriving Wednesday prepared to spend the night camping out to ensure their place in the line to secure their preferred homesite!
“Now onto our second release the community has been able to come to Eastwood and see for themselves the level of quality they can expect at a McCloy Community. Stage 1 is now registered, and it is great to see homes have commenced. Earthworks are well underway with Stage 2 and the new park and playground facilities also” Sam Rowe, Project Director advised.
Team the quality with all-time low interest rates and impressive Government Grants families are finding the opportunity to build a brand-new home to suit their families more affordable than first thought. With several grants on offer for First Home Buyers and Second Home Buyers alike the financial rewards from the state government could save you tens of thousands of dollars:
HOMEBUILDER: a time-limited grant program to help the residential construction market to bounce back from the Coronavirus crisis. HomeBuilder will provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home where the contract is signed between 4 June 2020 and 31 December 2020. Construction must commence within three months of the contract date.
HomeBuilder will complement existing State and Territory First Home Owner Grant programs, stamp duty concessions and other grant schemes.
FIRST HOME BUYER ASSISTANCE SCHEME: If you’re a first home buyer, you may be entitled to a concessional rate of transfer duty or even an exemption from paying it altogether under the First Home Buyers Assistance scheme (FHBAS).
FIRST HOME BUYER GRANT (NEW HOME) SCHEME: If you’re a first home buyer and you’re buying or building a new home, you may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme.
NSW STAMP DUTY SLASH: Under the changes the threshold above which stamp duty will be charged on new homes for first home buyers will increase from the current $650,000 to $800,000, with the concession reducing on higher values before phasing out at $1 million.
Under the changes the stamp duty threshold on vacant land will rise from $350,000 to $400,000 and will phase out at $500,000.
The government forecasts more than 6000 first home buyers will benefit from the changes, saving eligible first homebuyers thousands of dollars.
“Families are finding that they no longer have to wait for retirement or move far away from the conveniences of city living to be able to enjoy owning your own new home. Now you can within 10 minutes of Lismore CBD and 30 minutes of Ballina beaches and more affordably in some cases than purchasing an existing home” Mr Rowe added.
Ceasing the opportunity was clearly front of mind for the four families who camped out and the six who secured their homesite at todays release!
For more information on Eastwood, as well as land availability, the purchase process and the new community contact Clint McCarthy on 0423 727 648 or visit eastwoodliving.com.au