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How millennials are impacting the housing market

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » In the past ten years, the country has made great strides towards economic recovery, and many millennials who entered the job and housing markets during the downturn have had a chance to pay down their student loan debt and advance in their careers, which means that they finally feel confident about owning a home. In fact, homeownership rates among people in their late 20’s and early 30’s are two to four times higher than any other age group.1As this younger generation has started entering the housing market in force, they’ve done so in true millennial fashion, bringing technology and suburban sensibility with them. In this article, we’ll discuss how this age group is impacting the market.Suburban SensibilityMany millennials who would have otherwise purchased a starter home in the mid-2000’s were deterred by the housing crisis and crippling student loan debt. Now that they can afford it, many first time millennial homeowners are opting to purchase nicer homes in suburban areas.last_img read more

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SoLa townhouse stocks get close to running out

first_imgThe open plan living space in one of the townhouses.To celebrate the final release of SoLa, Stockland is giving away a $10,000 Visa gift card to 10 home buyers to help them settle into their new homes.The gift cards are designed to help new homeowners with the costs of moving into and setting up, or can even be used to take a much-needed holiday — and only a limited number remain available.The project’s convenient location, just a block from Westfield North Lakes and within walking distance of the Mango Hill train station, is appealing to a range of buyers including first home buyers, families, downsizers and investors. SoLa townhomes are currently priced from $425,000 to $523,000 and the latest designs range from 158 sq m to 220 sq m.Construction is expected to be completed by September. Stockland’s popular SoLa residential project in North Lakes is approaching sellout.A development at North Lakes is approaching sellout with more than 85 per cent of the luxury townhouses gone.At Stockland’s SoLa residential project, fewer than 15 homes remain available out of 120.The project is being delivered in partnership with Townliving by Metricon, as a low-maintenance lifestyle in an ideal location.Stockland development manager Matt Patullo said the consistently strong buyer demand at SoLa had been driven by the project’s innovative design features, tranquil setting opposite Lake Eden and prime position within the North Lakes Town Centre.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019“We welcomed our first residents six months ago and have seen strong buyer inquiries as the project takes shape,” Mr Patullo said.last_img read more

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