Regional grant still boosting Mandalay’s buyers

March 2010

Home-hunters seeking a new home in Melbourne’s historical Beveridge will be buoyed with the news that government grants will remain on offer for new land at Mandalay.

Under the government’s extended regional first home-owners scheme, buyers at Mandalay are still eligible for up to $22,500 in grants until June 30 this year.

Buyers are flocking to Mandalay’s master-planned community enticed by the generous and affordable home-sites, and with upwards of $20,000 to first home buyers, as well as saving on hefty stamp duty costs, Mandalay’s value for money is second to none.

Coupled with a no penalty build time for new regional homes - unlike first home owners under the metropolitan grant system - Mandalay’s future residents will breathe easy as they consider their building options.

Situated just 45 minutes from Melbourne’s CBD along the Hume Highway, Mandalay benefits from sweeping panoramic views and a green, mountainous backdrop, and with the freeway offering direct access to the city residents here will enjoy the best of both worlds.

Mandalay will offer residents extensive onsite facilities including a proposed primary school, commercial precinct and the exclusive ‘Club Mandalay’ with a gymnasium, swimming pool, tennis courts, café, bistro and much more.

Sales and Marketing Manager for Mandalay, Crystall Mousios, said home-hunters will need to act fast to secure land before the grant extension expires after 30 June.

“ The extension has been a welcome relief to many first home buyers seeking to enter the market during these prime buying conditions, but time will soon run out and buyers will need to act fast to secure their home site.

“ For young families and first home buyers, an extra $22,500 in savings is a wonderful help in stepping into home ownership.

“ With interest rates looking set to bounce back swiftly as the market improves, Mandalay’s future residents will be able to rest easy knowing they have extra money in their pockets just from buying one of our premium home sites,” Ms Mousios said.

She said demand for affordable land in Melbourne was at an all time high.

“ The regional grant extension ensures first home buyers in Melbourne’s outer north have the security of extra savings in this increasingly competitive property climate.

“ The regional grant is expected to end after June 30 so buyers must act swiftly to secure this once in a lifetime opportunity,” she said.