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Demand for new dwellings is up 48 per cent in the Wide Bay-Burnett region, with the building industry kicking off the new year on a high note.
It comes as the State Government confirmed it would extend the Regional Home Building boost grant until March 31.
The expansion of the grant will see eligible new home buyers continue to receive $5000 after the purchase or construction of a brand-new house, unit or townhouse valued at less than $750,000.
After expressing disappointment at the regional grant missing a mention in the State Budget, Master Builders chief executive Grant Galvin said the announcement was sure to boost confidence.
Veronica Coen, Quaama Last Christmas Veronica Coen and her family enjoyed lunch on her newly-constructed deck overlooking dry bushland in the quaint town of Quaama. The social worker had just finished renovating her home and was thrilled to have her five children and grandkids over for the holidays. Next week, she will host Christmas again but under a gazebo on a vacant block where her dream home used to be. Ms Coen s 100-year-old Blacksmith cottage was razed last New Year s Eve when fire tore through the Bega Valley in the early hours of the morning. The 60-year-old lost almost everything.
‘Livevesting’ a new trend: How to use government subsidies to dip your toes into investing
By Maja Garaca Djurdjevic
14 December 2020
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1 minute read
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“Livevesting” is replacing rentvesting, according to one property adviser, but are you on top of this new trend?
Once-in-a-generation events, such as the global coronavirus pandemic, have given rise to a new trend in property investing – livevesting.
According to Richard Crabb, founder and managing director at ASPIRE property adviser network, a new investor demographic is fast replacing rentvestors as Australia’s property market winners.
“Livevesting has resulted from an extraordinary confluence of factors which make it incredibly feasible under current circumstances to build a property portfolio from scratch,” Mr Crabb said.