Banks tighten lending for off the plan homes

A leaked report has outlined one of the banking ‘majors’ secret presentation to it’s broker network outlining plans to further tighten loans to new housing developments.

The flow on from this could potentially mean more stringent lending criteria, substantial delays in the finance approval process and potentially a greater undersupply of homes.

Rental Crisis anyone??

… keep scrolling for the good news!

Norman Springs valuation surpasses builder asking price!

A recent independent valuation of a $494,410 Choice Homes/ Norman Springs house and land package conducted on the 17th of August was valued $90 above total fixed price at $494,500.

Add to this the valuer has also confirmed a strong Rental Value Unfurnished of $500 per week… are you thinking solid rental return.. you should!

There are a limited number of these packages available in Norman Springs, so contact your Choice Homes approved property expert today for the latest opportunities.

WATCH the latest video on Norman Springs, a 38 million dollar, 10 point five hectare master-planned community that has been designed for modern living.

This exciting new project is adjacent to the one point five billion dollar Coomera Town Centre site, a sixty hectare hub comprising shopping, dining and entertainment that’s just been greenlit by the City of Gold Coast.

Norman Springs 160 allotment development with parkland in a quiet setting that really has everything you want and need.

With schools and a shopping centre so handy, Norman Springs is the perfect community for you to build a quality life for yourself.
• Only 30 minutes to Brisbane’s bustling CBD
• Located just 20 minutes from the beautiful Gold Coast beaches
• Centralised parkland and nice wide streets
• Adjoining Pimpama Secondary Collage and opposite Pimpama Primary which opened it’s doors February 2015
• Close proximity to local tafe, shops and services including Coomera Transit/ Rail Station
• Easy to build on homesites
• Convenient access to M1

Click HERE to visit all the current Choice Homes estates.

Positioned for growth and styled for living, Norman Springs is the perfect choice for those seeking to capitalise on south east Queensland’s residential boom.

Interested in renting, selling or buying on the Gold Coast?

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Phone: (07) 5514 5514
Fax: (07) 5514 5500
Email: admin@mpmproperty.com.au

Office Address

1/318 Olsen Avenue,
Parkwood
Queensland, Australia 4214

Office Hours

Monday to Friday
8:30am to 5:00pm
Weekends by appointment