Botanical Blog

Satterley has a long history of creating some of the most beautiful communities in Australia. This year marks a poignant milestone, as the company celebrates 40 years, which all began with one person, Mr Nigel Satterley AM.

The Australian property market surprised even the most experienced economists in the aftermath of COVID-19. House prices shot up against all expectations and what’s more, they are predicted to continue surging into the future.

When we take a look at investor statistics within the Australian property market throughout the last year, we see the lowest participation rate on record. The pandemic affected Melbourne more than any other capital city in Australia in 2020, but what does that mean for potential purchasers or investors in 2021?

Melbourne has defied predictions that COVID-19 would lead to long-term drops in home values, with new data showing prices have bounced back strongly.

What a year 2020 has been. To describe it as challenging would be an understatement, yet Australians have pulled through with trademark resilience. The Australian property market has defied the odds and weathered the storms of 2020 with incredible strength, but some potential home buyers are still wondering: is it a good time to buy real estate?

The Federal Government’s HomeBuilder grant, announced in early June this year, has been well-received by new home purchasers, so far attracting the interest of more than 40,000 Australians.

Back at the end of 2019 we told you about the Federal Government’s First Home Loan Deposit Scheme, an initiative aimed at making it easier for people to buy their first home. It proved extremely popular throughout Australia – several people bought properties in Satterley communities after making use of the scheme – and now the second round has opened.

The Federal Government has delivered a gift for home buyers, announcing a $25,000 grant to eligible purchasers, as well as property owners. The HomeBuilder grant will apply to new homes or substantial renovations of existing homes where the contract is entered into between 4 June 2020 and 31 December 2020.

Around 200 guests were spoilt at our exclusive Pick of the Harvest event to celebrate the launch of Botanical’s 27-home display village on Saturday 29th February.

The federal government’s First Home Loan Deposit Scheme, which aims to help people “purchase a home with a deposit of as little as 5 per cent”, began on 1 January. Banks have already registered 3,000 potential first home buyers and 7,000 more places will be allocated from 1 February.