The perfect window of opportunity to buy your dream home has opened wide, inviting first-time home buyers, seasoned investors, and anyone looking to own a new build home in Cambridge.
With recent drops in the OCR and corresponding interest rate falls, coupled with increasing construction costs and property prices starting to tick upwards again, there’s no time like the present to secure a new build home in Cambridge.
Construction Costs Increasing
With the costs of construction increasing, now is a good time to build a new home. According to the latest QV CostBuilder study, building costs in Hamilton – the nearest major centre to ZB Homes’ Abergeldie Estate – have increased 44.1% over the past four years.
While construction cost increases have slowed due to lower inflation, costs are still going up. This means that the price of new builds will inevitably go up.
Abergeldie Estate is our newest subdivision, currently developing Stage 1. Perfectly positioned in a strategic location primed for growth, homes start from just $869,000, but that price won’t hold for long.
Now is the ideal time to secure a new build home in Cambridge with ZB Homes.
Market Conditions Aligning Perfectly
Current market conditions amplify this opportunity even further, making now the best time to act.
With the Official Cash Rate (OCR) having significantly decreased, borrowing has become more accessible. Mortgage rates are at their lowest in recent years, allowing for more manageable monthly repayments. This shift makes homeownership not only more affordable but also a smart financial decision for various types of buyers.
First Home Buyers
For those entering the property market for the first time, lower interest rates mean smaller mortgage payments, allowing buyers to manage their budgets with more confidence. For example, a new home costing $869,000 at today’s rates could be more affordable than a $700,000 home was a couple of years ago when rates were higher.
Investors
For seasoned investors, the reduced borrowing costs paired with the potential for high rental yields make for a compelling case to dive back into the real estate sector. The key? Act now before the competition heats up. Early investments in burgeoning estates like Abergeldie Estate can reap significant long-term rewards.
New Home Seekers
Anyone simply looking to upgrade or change their living situation will find now is an opportune time to consider their options. The combination of low interest rates and the history of value appreciation in new developments positions you to enhance your lifestyle while also making a savvy financial investment.
Exploring New Developments
Abergeldie Estate
Situated in the heart of Cambridge’s “Golden Triangle,” Abergeldie Estate by ZB Homes offers you not only homes but opportunities. While average property prices in Cambridge have soared past $1 million, properties in Abergeldie Estate start at just $869,000, while promising significant future appreciation due to forecasted population growth.
ZB Homes: The Smart Choice
With over 25 years of expertise, ZB Homes stands for quality, reliability, and transparency. Our fixed pricing model ensures no hidden costs, and every home comes with a 10-year Master Build Guarantee, protecting your investment and offering peace of mind.
Take Action Today
Whether you’re a first home buyer, an investor, or looking for a fresh start, it’s time to consider Abergeldie Estate by ZB Homes. Leverage the current economic conditions and historical growth trends to make a decision that will benefit you for years to come. View these exceptional new build homes in Cambridge.
Contact ZB Homes to explore your options and speak with our mortgage partners at Lime Group to understand your financial potential. The chance to secure your future is here—don’t let it pass by!
