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Townhouses proving popular with first-home buyers
As more Australians look for affordable, spacious, and low-maintenance homes, townhouses are emerging as a top choice for first-home buyers.
According to recent data from the National Housing Finance and Investment Corporation (NHFIC), townhouses and semi-detached homes now account for a growing portion of purchases made through the federal government’s Home Guarantee Scheme (HGS) — a program designed to help first-home buyers enter the market sooner, with as little as a 5% deposit and no need to pay lenders mortgage insurance (LMI).
For eligible buyers, the First Home Guarantee and Regional First Home Buyer Guarantee both allow individuals or couples to purchase a new or established home with the government acting as guarantor on up to 15% of the loan amount.
This means buyers can secure a property with a smaller deposit and avoid thousands of dollars in LMI fees.
Introducing the Ellis Townhouse Release
At Berwick Waters, the new Ellis Townhouses by Simonds Homes present a rare opportunity to enjoy this lifestyle.
Choose from seven modern residences, all located close to wetlands, schools, and the vibrant Tree Walk Park, the centrepiece of the community.
Each Ellis Townhome has been thoughtfully designed for comfort and style, with light-filled living spaces, quality finishes, and a strong connection to the outdoors.
At Berwick Waters, our brand-new 4-Bedroom Townhomes are eligible for the HGS scheme, meaning:
- Secure your home with just 5% deposit
- Pay no Lenders Mortgage Insurance (LMI) – saving you thousands ($29,882*)
- No Stamp Duty ($34,562*)
- Pair with the FHB Grant ($10,000*)
- Get the Government as your guarantor on the remaining 15%
That’s less upfront cost and less time spent saving – so you can start building your future sooner. T&c’s apply
*amounts based on online calculator https://www.westpac.com.au/personal-banking/home-loans/calculator/stamp-duty-calculator/
Why townhomes are trending
- Designed for modern, low-maintenance living
- More space than an apartment, at a more accessible price than a standalone home
- Close to schools, transport, parks, and shopping
- Eligible for first-home buyer incentives such as the Home Guarantee Scheme
Discover the Ellis Townhomes
For buyers seeking the perfect mix of lifestyle, location, and value, the Ellis Townhome Release at Berwick Waters is an ideal place to start.
