WA is currently going through a soft downturn in the residential housing market… so what does that mean for you the consumer.. well, with a softer market, and low interest rates , now can be the perfect time to build either your dream home, or even that investment property that you’ve been thinking about.
It’s forecast there will be 23,000 new dwellings in WA for the 2015-16 financial year. This is coming off the back of strong building activity levels 2014-15.
So basically, we’re now evening out to the long term average.
This means though, that the market is more competitive and there’s greater consumer choice, with builders throwing in lots of incentives and additional features to their packages
Cinzia spoke to Master Builder’s President Rob Spadaccini about why now is a great time to build.
This year, Bankwest celebrate their 10 year anniversary as Master Builders principal partner.
And, you may not know.. but when you take out a home or business loan with Bankwest, you are also supporting the construction industry as a percentage of the loan is put back into Master Builders’ Apprenticeship and Training Program
Phil Colton from Bank West explained to Cinzia about how interest rates work for new and existing Bank West customers.
Whenever you build, it’s advised to use a registered builder, and preferably a Master Builders member for additional assurance, as all members are obliged to adhere to a code of practice
For a list of registered builders, you can visit their website where you can also search builder members based on location, price category and awards won, just by visiting the Find a Member search function on their website
The housing industry is open for business,
So, If you’ve been waiting to build your dream home with lots of amazing extras.. now would be a great time to go and start conversations with your various WA builders, you never know what great perks you might get.
And.. when the talk of interest rates and markets can be completely overwhelming, it’s good to know that Master Builders and Bankwest are there to help you through the process to create the best home for you and… at your budget.
For more contact info on Master Builders or Bankwest.. or to see this story again, simply visit our website homeinwa dot com dot au.