RBA have cut interest rates to 1.25% what does that mean for you?
/You might have heard the buzz about the Reserve Bank cutting interest rates. But what does it all really mean for potential home buyers?
The cash rate was cut by 25 basis points down to 1.25%. It has not been this low since 1990! This means savings in your pocket.
For a typical $400,000 mortgage, it could mean a saving of $60 a month or $720 a year. It’s important to do your homework and shop around for lenders as not all banks have agreed to hand this cut on to their customers.
Are you looking to get into the market? While you will be able to borrow more thanks to lower interest rates, we will likely start to see a price stabilization and potential rise. So it’s important to act quickly while prices are still low around Townsville.
What can $400,000 get you? Check out some of these amazing house and land packages offered by Ellis Developments. Want more options? Reply to this email and we can set up an appointment with one of our New Home Consultants to special tailor a home for you.
The Hybrid
Stage 3 @ Haven
$344,500 House & Land w/rebates
3 Bedrooms, 2 Bathrooms, 2 Car Garage
Pay Only $5,000 Deposit with Balance Upon Completion for approved clients!!
The very popular Haven Hybrid design is available again! With the new release of Stage 3, we have limited lots now available to suit the affordable and luxurious Hybrid design.
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The Tivoli Tre
Stage 7 @ The Village
$342,500 House & Land w/rebates
3 Bedrooms, 2 Bathrooms, 1 Car Garage
"The Tivoli Tre" is a great alternative to inner city living with the advantage of your own stand alone home and NO body corporate to pay! Impressive internal and external raked ceilings over 3m high and a large private outdoor patio to capture the cool easterly breezes offering great views of Castle Hill.
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The Hawthorn
Hillside Gardens, Mount Louisa
$344,500 House & Land w/rebates
3 Bedrooms, 2 Bathrooms, 2 Car Garage
This stunning and spacious family home can be tailored to suit your lifestyle requirements, offering the high levels of design and finish that we pride ourselves on. Great design offering 3 bedrooms with a central kitchen, dining and living areas. Packed with design features including W.l.P, Study, 2 way and Walk-in-Linen.
The Atlas
Railway Cottages, Railway Estate
$329,000 House & Land w/rebates & grants
3 Bedrooms, 2 Bathrooms, 2 Car Garage
The Atlas' open floor plan flows seamlessly through extra large sliding doors to the outdoor patio. Packed with features including study nook, walk-in-pantry, & large patio.
