As we adjust to working around COVID-19 and its limitations, you might be reconsidering your living environment… Well, here’s some great news – now is an excellent time to take the leap and invest in your dream home.
There’s a lot to be said for living in a large, open-plan, light-filled home with separate areas for work and play, a spacious backyard, and a garden to spend your weekends. Not only will you find yourself living more comfortably, the easy access to natural light and fresh air will enhance your wellbeing and mental health.
If you’ve been dreaming of a home like this for some time, now is the perfect time to take action, with a number of incentives available to help bring your new home to life.
An unprecedented construction boom
The construction industry has been experiencing an unprecedented boom over the last few months, driven by a combination of government grants and historically low levels of interest rates. The primary force behind this has been the Government’s HomeBuilder Grant, which was designed to boost the economy via residential construction.
Data released in April 2021 shows that a total 29,198 new build applications were received in Victoria, alongside 5,971 applications for renovation projects.
The Government has also announced several tax cuts for middle income earners recently, which can improve homeowners borrowing capacity.
Construction activity is being further helped along by interest rates remaining at an all-time low, meaning starting your building journey may now make a lot more sense. If you’re a first-time homeowner or single parent, there are also many schemes and exemptions available to help people in exactly your position.
A home that supports your new normal
If COVID-19 has taught us anything, it’s that size really does matter. Having the room for you and your family to come together, while also having your own space, means that your home really can be a sanctuary.
With more of us living and working from home, and many employers now accepting this as a longer-term solution, it’s important that your house supports all activities. Building a large custom home means you can have the flexibility to set up a dedicated workspace, while also being there to hang out a load of washing, see the kids when they get home from school and walk the dog on your lunch break.
Whether you simply need more space or are considering a move out of the big smoke, buying and building has never been more appealing.
To find out more or enquire about Brownhill Homes very own home designs, call us on 9879 1791.