PHOTO: No. 34 Coasters Retreat, Coasters Retreat, offers a savvy opportunity for a first homebuyer. Source: Supplied
With a bit of help from the First Home Buyer Deposit Scheme, first homebuyers have the ability to snap up this northern beaches waterfront property.
READ MORE VIA NEWS.COM.AU
First homebuyers have been handed an epic opportunity to snap up a northern beaches property by the water for as little as $32,500 upfront.
The 1088sqm parcel of land at Coasters Retreat comes with DA approved plans and a $650,000 price guide.
A sale at this price point means first homebuyers would be exempt from stamp duty and could pay just a 5 per cent deposit of $32,500 if they applied for the First Home Buyer Deposit Scheme, which covers new properties of up to $950,000.
The 1088sqm has DA plans for a three-bedroom house. Source: Supplied
On top of this, there is also the NSW HomeBuilder grant, which is a $25,000 lump sum if applied before December 31, or $15,000 if applied after January 1.
While the ability to own a Pittwater property sounds bliss, this address is unlike you’re typical home on the northern beaches. For a start, the only way to access 34 Coasters Retreat is by a ferry that runs hourly between the enclave and Palm Beach.
The site is a battleaxe block set back to enjoy the best of the Pittwater views, north westerly aspect and bushland. Listed with LJ Hooker — Palm Beach’s Peter Robinson and Dennis Kennelly, the property comes with approved DA plans for a three-bedroom pavilion house.