Why Greenbank is a great opportunity for first home buyers

Full transcript

So we're just out in Greenbank. This was an area that we majorly targeted last year. The estate that we're in is Covella Estate. The reason why I loved it is Avid does a really, really awesome job in the way that they present their projects.

So everything's aimed at the owner-occupied market. Also too, they have really strict covenants. The level of home that needs to be built in here is extremely high. And the reason why that's important to us is because when you have a really strict covenant, what it means is that everyone's building houses to a certain size, specification and standard.

And because of that, it basically protects the value within the area. But what you don't want to go doing is building a really, really beautiful home if your next-door neighbour's putting a trailer on that piece of land. It devalues your property. We're able to get clients in here at the start of last year for under $750,000.

But when we compare that to where our prices are now for a comparable sale, we're now looking around $930,000. Now the main thing, and this is what we always say to our buyers, is when you're looking at the market and with the market growing at the rate that it is, it's critical that when you have that opportunity to be able to buy, that you take that opportunity and you strike.

Because this is just another example where if buyers had sat on the fence waiting for an opportunity, they've missed their opportunity already.