Federal Govt. Help to Buy Scheme in Elizabeth Downs

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61 Mckenzie Road, Elizabeth Downs SA 5113

$378,000

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$378k - $397k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 252 m² 123 m²

Listed: 6 days ago

Overview

This inviting three-bedroom house sits on a modest 252 square meter allotment in Elizabeth Downs, providing a comfortable and manageable home environment. With a total living area of 123 square meters, the property balances indoor and outdoor space effectively for a practical lifestyle.

The home is well-suited for a variety of buyers, including first home buyers and small families seeking an affordable, manageable residence. With one bathroom and a garage that accommodates one vehicle alongside an additional open car space, parking and convenience are assured.

A notable appeal of this property is its eligibility for the Federal Government’s Help to Buy shared equity scheme, aimed at reducing borrowing needs and easing entry into home ownership. The scheme's structure exemplifies how buyers can leverage government support to acquire a home with a manageable deposit and loan arrangement.

Inside, the home offers a flexible layout providing potential space for family living, guests, or a dedicated home office area. The single living area encourages gathering and connection, making it a practical and inviting space. The property has a contemporary energy rating of 7, highlighting an emphasis on energy efficiency and comfort.

Overall, the property presents an excellent opportunity for those looking to enter the housing market with government assistance, in a stable suburban environment, offering both functionality and affordability.

Local Market Insights

In Elizabeth Downs, Quiet Listings observed 32 new houses entering the market over the last 30 days, down from 34 during the previous 30-day period, with an average advertised asking price of $597,577. The property type mix of listed properties is predominantly Houses at 89%, followed by land (5%), and units (3%). The most active agency for houses in the Elizabeth Downs area is currently Ray White, representing 47% of new listings, followed by LJ Hooker with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.