Latest news with #CreationHomes
News.com.au
01-07-2025
- Business
- News.com.au
Why saving for a new house in 2025 might not be enough
Homeowners Alyce Stimpson and Adam Hong spent years saving up and investing to get their new home – and with Brisbane's prices spiking, they're not sure they would be able to get into the market otherwise. 'If we started from scratch, I don't know how we'd have been able to afford this, because it's so expensive,' Ms Stimpson said. 'I feel like because we got into the real estate market quite a few years ago with investments, and we sold those before this, that's the only way we could.' The family's concerns come off the heels of Brisbane entering the million-dollar market, with the city's median house price having now hit $1.015 million. PropTrack's latest Home Price Index released this week showed Queensland's houses and units jumped by the equivalent of an average annual salary ($74,800) in the past 12 months. Across Brisbane, the median price for all properties still remains at $908,000, when also accounting for unit prices. Ms Stimpson and Mr Hong just finished building their new property in the Sunshine Coast, with Queensland builder Creation Homes. The company recently partnered with brokerage firm Resolve Finance to combine builds and loans under one service, in order to help homeowners save costs. 'Having both finance and build in a one-stop shop [would] take away so much of the guesswork and make the whole process even easier,' she said. 'We've sold pretty much everything to get this house, and feel a bit more comfortable, and this'll be our home for quite a while.' Creation Homes' Queensland general manager, Peter Ryan, said the milestone reflected both Brisbane's 'rapid growth, and the ongoing demand for housing'. 'It signals confidence in the market but also highlights the affordability challenges facing many Queenslanders,' he said. Mr Ryan added Creation Homes' land and build options were designed for homeowners still seeking residences under the million dollar mark. 'New builds offer real advantages, particularly in a market like this,' he said. 'Not only do you get the benefit of modern design and energy efficiency, but you may also qualify for government incentives such as the First Home Owner Grant and stamp duty concessions, which aren't available when buying established homes over certain price points.' With Ms Stimpson's family recently back from holiday, the homeowner said she worried new financial pressures would affect what the four would do in the future. 'We saved up. It won't be another holiday for a while,' she said. 'I'd say get into the market as soon as you can before it goes sky high.'
News.com.au
26-06-2025
- Business
- News.com.au
400 houses in the works for first home buyers seeking affordable ownership
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. 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 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. 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.
