Forget about a free set of steak knives the gift with purchase for this unit is $20,000

first_imgA unit comes in this Windsor building with a $20,000 cheque for first home buyers.FORGET about a free set of steak knives, the gift with purchase for this Windsor unit is $20,000.An investor is competing against the state Government’s first homebuyer grant to sell off his new build unit — offering first home buyers $20,000 if they take his two-bedder instead.Though the unit at 134/44 Grantson St, Windsor, has not been lived in since it was built it was classified as used and therefore unavailable for the first home buyers grant of $20,000.Because it is the type of property first home buyers are keen on, owner Jonathan Kriska, has decided to do his own “grant’’.Bright and airy open-plan living.Mr Kriska bought the unit off the plan as an investment and had always intended to sell.“It was never really my intention to rent it out, I was always looking to make that capital gain,’’ he said.Chic and sleek, the bathroom is immaculate.But with the project delayed by 12 months the market had changed and he now found he was competing against developer stock in the general market and first home buyers who bought those were able to get the $20,000 grant.“The project was delayed by 12 months so my intention was I would have been selling this 12 months ago and I knew the market would have been a lot better then but it has just taken a little bit longer and so hence the market has just got that little bit harder,’’ he said.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoPlenty of space and natural light here.After that change in circumstances Mr Kriska said he had a tenant lined up and was going to rent it out for a while, but had decided to sell now to move on to other things.“No one has ever lived in there, but because I bought it anyone who buys it cannot get the first homebuyer grant,’’ he said.The balcony is a bonus.Mr Kriska said if the target market was first home buyers he would give them what they could get if they bought a brand new property which hadn’t been owned by anyone else.Marketing agent Steven Webster of Ray White Spring Hill said the unit was originally listed at offers over $495,000 but that has been reduced to offers over $470,000 as well as the $20,000 “cash back’’ for first home buyers.As is the great roof terrace, which has spectacular views of the city.“The building only just came online in April this year, it settled only a few weeks ago,’’ he said.“It is a brand new apartment that no one has ever lived in. Being a new building it’s pretty much been all first home buyers coming to see it, so we were running against a problem.’’Mr Webster said on settlement the legal team would write a check for $20,000 and give that to the new owners“That owner can either put it back onto the loan, they might have incurred some extra mortgage insurance, they can either put it to cover that, they can furnish the apartment, go on holiday, they can do what they want,’’ he said.The two-bedroom apartment has its own balcony and shared facilities including a rooftop entertainment area with barbecues, pizza oven, communal vegetable and herb garden and a big movie screen.last_img read more

Read More →