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October Sees Growth in First Home Buyer Applications

By Kevin Kelly

The time to begin looking into real estate in Eaton, Bunbury or any of the surrounding suburbs could be upon you, with the recent changes to Western Australia's First Home Owners Grant (FHOG) encouraging first home buyers to express interest in purchasing new dwellings.

After being increased from $7,000 to $10,000 for new dwellings in September, the market has responded confidently. In fact, during October the number of grant applications received across the state grew by 17 per cent.

This could highlight a fantastic opportunity for any home buyers looking to build their first home to take the plunge and investigate the housing options available to them in Bunbury.

Urban Development Institute of Australia (WA Division) Chief Executive Officer Debra Goostrey said the trend for first home buyer confidence is expected to continue well into the future.

Furthermore, development in the sector has led to smaller lots that are beginning to be used for far more innovative, interesting housing designs across the state.

"Residential design code changes that allow blocks as small as 100m squared will further encourage the development of affordable entry-level products in the state," said Ms Goostrey in a November 19 statement.

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