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New Collaboration Supercharges the ‘Cheaper to Buy than Rent’ Model for Families
8 December 2021
A new collaboration between family-friendly estate The Wedge in Wellard by Monument and …
A new collaboration between family-friendly estate The Wedge in Wellard by Monument and affordable first homebuyer specialist HomeStart has put weight behind the ‘cheaper to buy’ offering by creating new 3-bedroom x 2-bathroom house and land packages priced from just $325k*.
A range of beautifully designed homes on specially sized lots within the established area of Wellard is estimated to cost owners around $263 per week, compared to Wellard’s median three-bedroom house rental average of $390 per week recorded in June 2021.
Mr John Wroth, Director of Monument parent company M/Group, believes the packages have hit a new record for affordability in Perth and will mean that homeowners do not have to compromise on quality.
“Perth’s rental vacancy rate is disturbingly low and unlikely to improve for some time, even if you do find a decent rental, you are going to be paying premium prices for it. The opportunity we are putting on the table for families and first home buyers is one that will give them the security of owning their own home as well as the benefit of living in a place that offers great amenity,” he said.
“I believe these prices are groundbreaking and will be a welcoming option to those struggling to get a foot on the property ladder before rents and house prices rise further and while interest rates remain low.”
The Wedge is a boutique estate located just 35-minutes from Perth, around the corner from shops and transport, and in between the ocean and freeway.
It is surrounded by stunning natural bushland with a new childcare centre under construction, a completed park and playground, plus a Primary and Secondary school next door. Some 50% of lots within the estate have sold out and a family community is emerging.
The homesites earmarked for the house and land packages are well-located within the estate and sized to accommodate the spacious homes with open plan family area and integrated alfresco.
“Demand has definitely increased for customised house and land packages on specialty-sized lots, and many are surprised at just how much they can actually receive thanks to our designs. Moving into a brand-new home is a fantastic way to take a first step into the property market and being so centrally located is a bonus,” HomeStart’s Brendan Fowler said.
The home designs are single story with 6-star energy rating for continued cost benefits. The homes feature open-plan living, a main bedroom with ensuite and walk-in-robe, fully enclosed double garage with rear access, paving to driveway and alfresco, and a Lifetime Structural Warranty.
“We have worked really hard to develop affordable homes in this fast-paced or inflated market and remain one of the only developers providing this level of value,” Mr Wroth continued.
“Of course, the opportunity is limited so we encourage anyone who has had their fair share of knock-backs from the rental market to take this option into consideration. It’s a wonderful way to leave the rental cycle and we would love to welcome you into our community where home is made simple.”
To find more about The Wedge at Wellard visit www.thewedgewellard.com.au or call Damyn Strang on 0434 070 654 and for more information on the HomeStart House & Land packages call 9231 4567 or email email@example.com
Exciting First Steps for Young Families
19 June 2021
While nothing might be as exciting as a baby’s first steps, when a child’s early milestones …
While nothing might be as exciting as a baby’s first steps, when a child’s early milestones coincide with the security of your own home in a supported family-friendly community, there really is cause for celebration.
The Wedge Wellard is becoming a haven for young families and first home buyers who have successfully escaped rising rent rates to secure their own home.
The growing community is located on the doorstep of natural bushland and next door to a private primary and high school. Its parks and playgrounds have already created a welcoming hub for playdates and get-togethers, and a childcare centre is scheduled for completion at the end of this year.
Director of Monument parent company M/Group, Mr John Wroth, said the estate has everything a young family could need and is providing affordable home options at a time when rental prices and availability are putting huge pressures on our community.
“Perth is undoubtedly in a housing crisis and first-home-buyers are amongst the most disadvantaged. Many developers have continued to focus on moving larger lots in the peaking market and too many renters are facing price increases or eviction.” he said.
“Despite the soaring market conditions, we are not only holding our prices, but creating product that will help create house and land packages for under $300,000 – getting families out of the rental cycle and into a growing community.”
The Wedge Wellard estate is half-way complete with Stage 1 sold out and around 70% of land in subsequent releases snapped up.
Stage 4 is the estate’s newest release and has been specifically designed for families and first home buyers to get a foothold in the market.
“Our new release gives owners the added advantage of being located within walking distance to everything. It screams value at a time when affordable housing is extremely thin and interest rates historically low,” Mr Wroth continued.
“We are one of the only developers providing low-cost packages so close to Perth, so it presents an amazing opportunity for first home buyers to get in on the property ladder, which could mean enormous relief to young families.”
Stage 4 incorporates a range of strategically designed ‘skinny’ lots priced from $130,000. The land will accommodate a 3-bedroom x 2-bathroom home, with house and land packages earmarked to be priced as low as $295,000.
“We are so thrilled to see so many families now settled into The Wedge at Wellard and enjoying this very special place. We know that anyone who visits the estate will fall in love with the prospect of joining them,” Mr Wroth continued.
“We very much look forward to welcoming our new group of residents.”
Lot sizes range from 188m2 to 537m2 and titles are expected by August 2021.
For more information visit www.thewedgewellard.com.au or call Damyn Strang on 0434 070 654.
Playground Completed | The Wedge, Wellard North
23 February 2021
The Wedge at Wellard North is coming to life! We have construction of new stages, homes being …
The Wedge at Wellard North is coming to life!
We have construction of new stages, homes being built, people moving in and have just completed the landscaped park and playground all with the stunning and protected bushland backdrop as you can see in this video.