Get $20k Towards Your First Home in Yarrabilba (Brisbane/Logan) in Addition to The $20k FHOG

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AssociatedLmynewbuild on 04/05/2017 - 15:58 mynewbuild.com.au (193 clicks)
Last edited 04/05/2017 - 19:23 by 1 other user

GET A $40,000 BOOST TO YOUR FIRST HOME DEPOSIT IN YARRABILBA

The Queensland Governments $20,000 First Home Owners' Grant is ending on the 30th of June.

Available in Yarrabilba (suburb of Logan in South East Queensland), My New Build are boosting their First Home Buyer Upstart to $20,000. The goal is to help as many first home buyers into their home before the FHOG is reduced.

This gives first home buyers a $40,000 instant deposit and makes it possible to own with as little as $1,000 saved.

To be eligible to receive the $20,000 Upstart you must register by completing the eligibility test at www.mynewbuild.com.au/yarrabilba

All homes are built by Queensland's number 1 builder. Choice of land, designs, inclusions and upgrades is available.

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  kipps on 04/05/2017 - 16:05

  +6

  What's the bargain? How do we know that this isn't just a usual case of the developer jacking up the sale prices to account for this incentive?

  • 

    Associatedmynewbuild @ mynewbuild.com.au on 04/05/2017 - 16:39

    The builder pays us a commission on each sale and we're giving the majority back to buyers.
    Land is sold at the developers standard list price.

    • 

      smoke87 on 04/05/2017 - 21:40

      +2

      I used to work for your ilk, we know the score.

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  beeawwb on 04/05/2017 - 16:06

  So, the deal is (an extra) $20K, not $40K - probably need to have the title reflect that.

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  dasher86 on 04/05/2017 - 16:08

  +1

  Hi OP how do you keep your margins intact if you are offering a $20k bonus?
  how much mark up goes to the overall price of the property?

  • 

    Mr BoMBAStiG on 04/05/2017 - 16:24

    +5

    $20k

    • 

      dasher86 on 04/05/2017 - 16:49

      +1

      probably more as they need to pay extra to cover the promotional advertising for this offer

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  shamona1 on 04/05/2017 - 16:18

  +7

  Keep in mind that Yarrabilba was completely cut off in all directions in the recent flood. Residents couldn't get in our out for days due to the main roads being flooded…

  • 

    Associatedmynewbuild @ mynewbuild.com.au on 04/05/2017 - 16:46

    -1

    Yarrabilba was high and dry. It wasn't just the residents of Yarrabilba affected by flooding of the roads in the Logan flood.

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  shamona1 on 04/05/2017 - 17:00

  +1

  I'm aware they were high and dry, however they were still cut off. It's one thing to have flooded roads and a whole different issue being cut off. Just something for buyers to consider when there are other developments around similar price points that aren't at risk of a situation such as this.

• 

  chewbot on 04/05/2017 - 17:17

  +1

  Hi Rep,
  Any chance of getting any more info prior to handing over all our personal and financial info?

  Examples of houses and price range?
  What sort of time frame is anticipated before moving in?
  Time frame before payment?

  I am genuinely interested however a little discouraged by the process.

• 

  Tekuza on 04/05/2017 - 17:52

  Hi Rep,
  I am also interested, however can you please provide us with the terms and conditions? I can't see anything on the site, what is the company's ABN/ANN, who is the builder since they are number one? Not being condescending or sarcastic if it sounds that way but more details would be really helpful.

  Thanks

• 

  [Deactivated] on 04/05/2017 - 18:03

  +1

  600m2 blocks
  almost big enough to have a dog
  You'd want to be used to this kind of close living with young renters ,with the never ending domestics to the Friday night burnouts.
  Not to mention the lack of any infrastructure at all
  The roads are flat out chockers from sunrise to sunset now and they've only just started selling houses

  • 

    sillyhead on 04/05/2017 - 18:38

    I was out there earlier this week for work. Would suit FIFO families who only go to Brisbane every now and again so won't be victims of the traffic. The Coles is under construction now. Has good access to Gold coast and hinterland. It's not wickedly Hot either. There are some other more interesting smaller subdivisions with bigger lots nearer to Logan village and towards Bethania.

    It's good i wouldn't move there myself but i can see why people move there. I think Pimpama / Coomera east would be a better bet but it isn't as master planned. Has the train and proposed Westfield shops though.

    • 

      [Deactivated] on 04/05/2017 - 19:09

      Not Hot. This development is behind the all the mountains at the back of the coast so no cooling coastal winds.
      Was the hottest year ever this last summer ever out here.
      Felt like 6months over 40C
      Packed into that place , where they cut down every single tree .
      You'll want a lots of aircons,
      Luckily electricity's cheap ay

• 

  bargin424 on 04/05/2017 - 18:47

  Any good?

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  Maverick-au on 04/05/2017 - 18:51

  +2

  All homes are built by Queensland's number 1 builder

  Number 1 in what respect? Number of houses slapped together?

• 

  virhlpool on 04/05/2017 - 22:55

  Logan is a huge area I guess. Which are better suburbs in the region in terms of gentry?

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  pegaxs on 05/05/2017 - 00:08

  Over jacked prices. OP even admitted that the $20k extra is coming out of the commission. Just how much commission is there if $20k is only "part" of it.

  This isn't a deal. The land and houses are well jacked by more than $40k over market value. They figure what it's worth and jack it by the FHOG and then add stupid high commissions on, only to make it look like a deal by giving a sizeable portion back. This isn't a cash back deal. You're just giving back what shouldn't have been on there in the first place, to make it look more attractive than what it is, and that's usually because you know the development is rubbish and/or isn't selling. And it's also just another way for you low lifes to get people without savings into a house they probably can't afford in the first place by using the cash back as part of their deposit. It's vapour. The $20k doesn't exist and usually can't be taken as it "has" to be rolled into the purchase.

  This type is shenanigans is part of the reason the housing market in this country is out of control.

  Im negging this based on the fact that this practice is shady at best. I have friends who are land developers, they have told me how things like this work and also told me to avoid it like the plague.