WA Housing Centre Offers No-Savings Home Loans To First Home Buyers In Perth
05/09/2013

WA Housing Centre has made it easier for first home buyers in Perth to get in to their dream home. The builder is offering a no-savings home loan to any qualified first home buyer for a limited time.

Online PR News – 09-May-2013 – PERTH, WA – Homeownership just got more affordable at WA Housing Centre. The Perth builder is offering a no-savings home loan to qualified buyers. Aimed at helping first home buyers in Perth and the surrounding area afford their first home, the program is managed by the builder's in-house finance specialists from The Loan Company.

"Saving up enough money to provide a deposit is very difficult for first home buyers and without at least a 10% deposit many loan companies won't even talk to you. The no-savings home loan program is our answer to this problem. We're offering low-interest home loans with little to no savings required to help those first home buyers secure a new home," explained Simon Patrick, WA Housing Centre Sales Manager (www.wahousingcentre.com.au).

With rent costs being what they are its oftentimes more affordable to purchase a home than rent. The trouble comes in when buyers need to provide a deposit and cant. They end up paying more and more in rent which makes it harder and harder to save. Our no-savings home loan program is a way for first home buyers to get out of the rental market and in to their own home.

WA Housing Centre's partnership with The Loan Company means the builder can offer a one-stop shop for the first home buyer. The builder's Home and Land Specialists work closely with buyers to design a home and land package that meets the buyers needs and fits their budget. After a home has been picked out, the in-house finance specialists secure a home loan for the buyer. This all-in-one service ensures a smooth, hassle-free home buying process.

"Recently, REIWA released a report that shows the median house price in Perth to be $510,000 - a record high. Not only are the costs of existing homes going up, rent is going up too, leaving those who want to buy their first home stuck between rising rents and trying to save up enough money for a deposit on a home. It's very, very difficult for recent university graduates, for example, to pay their bills, rent and set something aside every month for a home deposit," said Patrick.

The REIWA report also included information that Perth’s overall median rent increased to $470 per week during the March quarter, a rise of 4.4 per cent for the period and up by almost 12 per cent on the same time last year.

"With rent costs being what they are, it's oftentimes more affordable to purchase a home than rent. The trouble comes in when buyers need to provide a deposit and can't. They end up paying more and more in rent which makes it harder and harder to save. Our no-savings home loan program is a way for first home buyers to get out of the rental market and in to their own home," said Patrick.

First home buyers in Perth are not limited to existing construction at WA Housing Centre. The builder has developed strong partnerships with leading land developers around the metro area allowing buyers at all income levels to obtain land in highly sought after areas and design exclusive home and land packages through
WA Housing Centre.

For more information about the No-Savings Home Loan, please contact WA Housing Centre at 08 9214 1111 or visit www.wahousingcentre.com.au/nosavings.

About WA Housing Centre:
As leading home builders in Perth, the WA Housing Centre team offers a wide range of home and land packages to ensure each buyer finds a perfect housing fit. From finding the property to securing the loan, the team at WA Housing Centre can help make the purchasing process as seamless and convenient as possible. For more information on its innovative programs and options please visit http://www.wahousingcentre.com.au/ or call 08 9214 1111 for the Perth office or 08 9791 5755 for the South West office.

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