Around 400 homes are in the works for Queensland’s first home buyers over the next financial year, under a new affordability initiative set to ease both cost and paperwork.
Residential builder Creation Homes and national brokerage firm Resolve Finance have announced a partnership that will offer first home buyers a way to streamline financing and building their house.
The two teams will be collaborating when working with clients, operating together to reduce paperwork and expenses for the potential buyer.
A partnership between building company Creation Homes and brokerage firm Resolve Finance is expected to bring 400 new, affordable homes to Queenslanders over the next financial year.
With both companies pooling their efforts, paperwork and cost is estimated to come down for every party involved in the building of a new home.
The collaboration also seeks to walk buyers through financing their first home, taking eligible candidates step by step through how they can pay off their loan and the schemes and grants available to them.
Then, buyers can purchase house and land packages from Creation Homes across growth areas in southeast Queensland: such as White Rock, Ripley and the Sunshine Coast.
Creation Homes Queensland general manager Peter Ryan said the company was looking to build in growth pockets such as White Rock, Ripley and the Sunshine Coast.
Creation Homes Queensland general manager Peter Ryan said the partnership quite literally put the different services under the same roof, and gave buyers more versatility with how they could interview for a loan.
“It’s about giving the client certainty about what they qualify for before they go shopping for a new land package,” he said. “You can act quickly and decisively with land developers, knowing land is scarce.”
Packages begin at $650,000, making up a three-bedroom and two-bathroom property.
Deposits start at $10,000, with flexible 2-5 per cent options depending on eligibility.
Creation Homes has several different home designs on offer, which can be selected after discussing loan options with Resolve Finance.
Prices for house and land packages begin at $650,000.
Resolve Finance strategic partnerships manager Chris Cummins said eligibility depended on if someone had a deposit and if they could service a loan. From there, candidates were invited to discuss financial pathways with Resolve, made easier by quick communication between departments.
“There are brokerages out there that don’t have this relationship with the building company or developer,” he said. “We’re all like-minded … if there are problems and issues that are detected early on, it’s about protecting that customer need.”
Creation Homes has a series of pre-made house designs for buyers to select, with several homes already under construction.
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