March 31, 2025 • 14 mins
- MBA ACT recently launched their BUILD Magazine. Anna Neelagama, CEO of Master Builders ACT joins Cam and Renee and explains why she’s excited about what’s in the mag
- The annual Queanbeyan and Palerang Regional Council, Heritage Awards are back on. Amy Jarvis, Council’s Heritage Advisor speaks about why these awards are important for the local region
- With the Federal budget handed down on Tuesday, extra funding was announced to boost the Government’s Help to Buy program. Maria Edwards, CEO at the Real Estate Institute of the ACT helps us to understand the program and it’s role in fixing the housing crisis
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Episode Transcript
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Speaker 1 (00:01):
Cameron Renee's Real Estate show on Mix one oh six
point three be the Envy of Canberra Live in de
Burg at Northbourne Village by JW. Land now selling.
Speaker 2 (00:10):
Well Renee, I would like you to say thank you
to anyone and everyone for clicking on and listening to
our podcast.
Speaker 1 (00:17):
Yes, thank you so much. We love that you get
involved in the show and listen. We're really grateful.
Speaker 3 (00:23):
Yeah, and it's time right now.
Speaker 2 (00:24):
At that time we get to relive last Saturday, so
it was the twenty ninth of March.
Speaker 1 (00:29):
Yes, and we learned a lot in the real estate
show this week. One of them was the Master Builder's Act.
They recently launched their Build magazine which is a guide
to building and renovating in camera, which is pretty cool.
Speaker 2 (00:40):
Absolutely, the Queen Band and Powering Regional Council, their heritage
towards are back on and I just love going into
the New South Wales area. So of course ACT has
got beautiful heritage times as well. But those homes that
were sort of built in the mid eighteen hundreds and
they're still here and they are just dripping and oozing
with history. You can almost feel the presence of the
(01:01):
people that live there.
Speaker 3 (01:02):
Originally.
Speaker 1 (01:03):
Yeah, I loved it too. I love the stories, I
love the way they look. I love learning what people
do to maintain and restore them. So we're going to
learn about these heritage awards. We learned about it as well, yep.
Speaker 2 (01:13):
And a big announcement in the federal budget that was
made through the week leading up to the show in
regards to property with the help to Buy scheme.
Speaker 1 (01:22):
Yeah, so this is for first home buys to kind
of give them a leg up into the market. I
guess you could say, you know, things like lower deposits
and smaller mortgages as part of an expansion of this scheme.
So we learn about that, and we did ask you know,
the important question.
Speaker 2 (01:36):
Yes, it was Maria Edwards for the CEO of the
Real Estate Institute of the ACT who joined us.
Speaker 3 (01:42):
So that is all ahead of you.
Speaker 2 (01:44):
Thank you again for having our podcast on and enjoy.
Speaker 1 (01:49):
When we've heard about this next thing, we thought we'd
better explore this on the show because it's right down
our alley, and you know, I think it's going to
help lots of people. Master Builders ACT. They recently launched
the twenty twenty five edition of Build Magazine, which is
a guide to building and renovating in camera and let's
face of it, you know, let's face lots of us
need all the help we can get in this space.
Speaker 2 (02:10):
Yeah, even if it's just a magazine, it gets us
started on the right direction. Yes, because if you start
and you head off in the wrong direction much further
down the track, that can be very costly. It can
in both cash, yes and time.
Speaker 1 (02:24):
And Anna Nila Gama, who CEO of Master Builders Act,
joins us. Now, Hi, Anna, good morning. Now tell us
about the Build magazine and some of the topics that
it covers.
Speaker 4 (02:35):
Yeah, Build Magazine, which we launched two weeks ago. It's
a one stop shop for helping plan your your renovation
or new build. Helps you set budget, it tells you
what your budget gets. In the act, there's a very
useful guide in helping deflect builders, architects, designers. There's a
great section on home trends and you know that's the
kind of new compliance measures you have to look at
(02:57):
and tips from builders themselves to a management any building projects.
So if you're going to do a renovation or a
new build, I strongly recommend you grab a copy of Build.
Speaker 1 (03:08):
Yeah so good, and I love that there's that local
focus as well, which is going to be so helpful
for lots of people. And what's the biggest mistake you
see people making when it comes to building and renovating.
Speaker 4 (03:20):
Look, I think a lot of it comes down to
planning and you know, not budgeting enough money or time
and not looking at the right experts to help you.
And if you do all of that right from the outset,
you get the right builder, you get the right architecture
or draftsman, you really do set yourself up for success
(03:42):
because it's like a job, right, You're picking the very
best people for your team, and a new build or
a renovation should be no different.
Speaker 2 (03:50):
When you publish these sorts of magazines and documents, they
don't just happen. There's a lot of planning, there's or
it's a big project management exercise in itself. So you
would have been a cross that as it was happening.
Speaker 3 (04:01):
Anna.
Speaker 2 (04:02):
When you get the final document though, and you're flicking
through as just a casual consumer of the content, what
was you're turning the pages, what was the thing that
sort of jumped out for you that you went, oh, WHOA,
so I knew that was happening but I didn't know
it was going to be that good.
Speaker 4 (04:19):
I think that really comes down to the current trends
and what is really striking when you flip through the
mag is a return to those natural finishes and color
palette palette. You know, we've got a lot of natural stone,
recycled timber, a lot of that kind of eco eco
friendly look and warm of color palette which is so lovely,
(04:39):
especially given we're entering altrom here in Canberra. So it's
just so nice to see. And when we actually launched Builds,
we had a panel and the designer said, you know,
things like terracotta and have a tina back, So that
was really interesting.
Speaker 5 (04:55):
Yeah.
Speaker 1 (04:55):
And how can people access this magazine.
Speaker 4 (05:00):
They can swing into Master Builder's Act in fishwik and
they can get a free copy, or they can get
it online at NBA dot or got au simple perfect.
Speaker 1 (05:08):
Well, people should definitely check it out for sure, And
I thank you so much for sharing that with us
this morning.
Speaker 4 (05:14):
Thanks.
Speaker 6 (05:14):
I thank you.
Speaker 1 (05:15):
See Leader and Aniela Gama, CEO of Master Builders Act,
make sure you check out their build magazine. Now we're
gonna head just over the border cam the Queenbian and
Palorang Regional Council Heritage awards are coming up. Now why
is this interesting and why will this matter to people?
Speaker 3 (05:32):
Well, look over for me and I'm just going to
chime in.
Speaker 2 (05:34):
I just love so we've got beautiful heritage homes in Canberra,
yeah of course, and then even all the homes in
and around the Capitol region. And as I said earlier,
you wander into some of these places and you can
almost fuel the presence of former residents.
Speaker 1 (05:51):
Yes, even just driving past.
Speaker 2 (05:53):
I don't believe in any of that stuff, right yeah, yeah,
you just you can feel their.
Speaker 1 (05:58):
Stories and their history and just feel the history I reckon.
So what are these awards about and why are they important?
We'll ask Amy Jarvis, qbrc's heritage advisor. Good morning, Amy,
good morning, how are you good? Thank you? Now, look
tell us about the local Heritage Awards and what they
aim to do.
Speaker 6 (06:18):
Well, look, the award they're seeking to acknowledge all the
hard work of those people who live in and own
heritage places throughout the local government area. So Quambi and
Tollerang is a pretty big area. So it goes all
the way out past Braide, would past Sundondoor, Captain's Flat
and includes a lot of rural areas, but there's so
many heritage places and people are doing such a good
job looking after them, and we want to give an
(06:39):
opportunity to celebrate them and acknowledge all the good works
they're doing.
Speaker 2 (06:42):
So that's why the awards are important. What about the
actual structures themselves, why are they important to the local
area and the importance of keeping them at a sort
of certain level of occupancy and state.
Speaker 6 (06:56):
Well, I like to explain heritage as those things from
the past that we want to look after in the
presence so we can keep them for the future.
Speaker 3 (07:03):
And cam light that.
Speaker 6 (07:05):
That's a nice little, nice little tidbit for you. That's
the idea of keeping these heritage places is that they
tell us about our pats. They tell us about how
people lived and worked and places and how we can
continue to learn from that. But they also give us
a sense of identity, a sense of community, and a
sense of place. They make up the fabric of our
cities and towns, and it's really important that we're able
(07:27):
to look back as well as we look forward.
Speaker 3 (07:29):
Talk about amazing stories.
Speaker 2 (07:31):
And I went into a heritage place with a zango
video that I've shot maybe eighteen months or so ago
and it was close to town and it was the
story of I think it was the maid who fell
in love with the owner of it, and they'd edged
their initials into the glass window.
Speaker 3 (07:48):
They're still there. Yeah, I love that, right, you would
love stories like that, Amy, Oh, absolutely.
Speaker 6 (07:54):
And I have to admit this is These are the
type of stories that got me into a job like
heritage advising. I just can't get enough of these beautiful,
rich stories of who people were and how they lived.
Speaker 3 (08:03):
What are some of the other cool stories you've heard though?
Very quickly, Look, I've.
Speaker 6 (08:07):
Blass etching is not uncommon. I've seen that a little bit.
Sometimes when people pass away, their names or the dates
that they passed away are etched into glass. Sometimes you'll
find reuse materials. I've seen buildings where old gravestones have
been reused as part of the flooring. You know, the
type of thing you find all over Australia. And we're
(08:27):
really lucky to have such a rich amount of right
right on the doorsteps of Canberra.
Speaker 1 (08:31):
See, now we understand why you do the job you do.
Speaker 2 (08:34):
Yeah, yeah, yeah, And do you like me as well?
Like again, I don't believe in supernatural.
Speaker 3 (08:39):
I just don't.
Speaker 2 (08:40):
But when you walk into these places, Amy, you can
you almost soak up the history, can't you.
Speaker 3 (08:45):
Yeah?
Speaker 6 (08:46):
Absolutely, These places have a personality and a presence that's
hard to describe, but they really do kind of give
you a sense of meaning and belonging to a place.
And I guess it just puts your everyday the grinds
that you're doing, just put into the perspective that people
have done it before you, people have done it harder,
and people have done it differently. And I just love
that aspect of it.
Speaker 1 (09:06):
Yeah, so good, all right, Amy, Well, thanks so much
for sharing that with this This morning is very interesting.
I feel like we could talk to you more about this.
We want to have to get you back on the
show another time. Yeah, but that was great. Thank you
so much of your time this morning.
Speaker 6 (09:19):
No worries. If you want to know about the awards,
the dominations are open until the seventh of April and
you can go to the QPRC website to find out more.
Nominate to put your house as the best maintained house,
the best restoration or reuse of your house, or you
could either nominate for the best research or publication to
promote local heritage, so check out the website and even
(09:40):
come along to the awards ceremony on the seventeenth. It's
May as part of the Heritage Festival.
Speaker 3 (09:44):
Wonderful call to action.
Speaker 2 (09:45):
Thank you so much, Amy, You've nailed everything perfect.
Speaker 1 (09:48):
Thank you so much. That's Amy Jarvis, qprc's Heritage Advisor
their lunch. They just go online and you can nominate
there well. Cam. Obviously, we had the federal budget handed
down on Tuesday this week week and part of that
the government announced an expansion of the Help to Buy program,
so we thought, let's learn more about what that program
(10:08):
is and what the expansion means as well.
Speaker 3 (10:11):
Yeah, because we have hell heard of help to buy.
But again that was sort of the feature piece, wasn't it.
Speaker 2 (10:16):
And really, with the big announcement yesterday, the budget announcement
sort of seemed so far away.
Speaker 3 (10:20):
Now does it really?
Speaker 1 (10:22):
Does? It really does? Like it never happens exactly. But
let's go back to that and find out more about
help to buy and say good morning to Maria Edward's
CEO at the Real Estate Institute of the Act the
morning Maria, good morning, Now, look can you tell us
more about help to Buy? And how it works.
Speaker 5 (10:37):
Yeah, so it's the central government shared equity scheme, where
the government can be a co owner of property with
a private purchaser. So it's like buying popping with a friend,
except that the friend is actually the government. It can
be up to thirty percent of an industing home or
forty percent of a new build. So for example, someone
purchasing house for six hundred thousand dollars, a government could
paye hundred and eighty thousand dollars, leaving the purchase of
(10:58):
just having to finance for thousand dollars, so much moreer mortgage.
Speaker 1 (11:02):
Okay, and I have to ask, what's the catch?
Speaker 5 (11:07):
Well, the government will own if they are own thirty
percent of your property at the start, they're also going
to own thirty percent of your property when you go
to sell it, So they're going to be entitled to
thirty percent of the profits unless you pay them out
in the meantime, which you got you can do throughout
the mortgage. Yep.
Speaker 2 (11:20):
Yeah, okay, so there's the catch, not really a catch,
but it's well worth. It's well worth asking that question
because it sounds too good to be true, doesn't it.
Speaker 1 (11:28):
That's right, Like when you're having that partnership. Yeah, I
did want to ask that question, but that explains it
very well. Thank you so much. What are the positives
of the scheme area, Yeah, well, I think.
Speaker 5 (11:37):
It's going to allow people to enter home ownership with
a much smaller deposit and potentially a better property. So
on that six hundred thousand dollar property, you need to
have a minimum two percent deposit, so that's twelve thousand dollars.
And also with the large government contribution, they're avoiding lender's
mortgage insurance. I think one of the biggest things I
can see is that it's going to give a bit
more choice to buy us. So for a family sort
of on a lower income or a medium income, their
(11:58):
only option might have been to buy a unit, whereas
with your scheme they might be able to buy actually
a free standing property. And there's a limit of one
million dollars on the purchase crist but certainly you know
this townhouses and houses and some of the suburbs that
would qualify, okay.
Speaker 2 (12:10):
And so potentially if you start off earning a particular
wage and then as you go along you start to
earn a little bit more, potentially you could pay it
on both your mortgage and then what you owe the government.
Speaker 6 (12:22):
Yeah.
Speaker 5 (12:23):
Yeah, so you can pay buy extra little share at
five percent a time, so you can actually pay it
down to the government over time for sure.
Speaker 1 (12:30):
Okay. And is there anything that people should be wary
or cautious of with this?
Speaker 5 (12:35):
Yeah, So there is income limits to qualify for it,
and at the moment there's the for a single person
you can only enn up to one hundred thousand dollars
to qualify it, or for a couple with one hundred
and sixty thousand. People also need to have to be
able to pay for the stamp duty, the legal costs
conveying things, So they're going to be paying one hundred
percent of that plus the rates body corporate maintenance. They'll
be paid one hundred percent of that while they own
(12:55):
a property.
Speaker 3 (12:55):
Okay.
Speaker 5 (12:56):
And also finally that it cost to have to live
in a property company.
Speaker 3 (12:59):
Invest Yeah right, yeah, ye yep.
Speaker 2 (13:01):
And so I would to imagine this does have a
role to play in solving the housing crisis.
Speaker 5 (13:08):
I guess more, it's more it's going to start. It's
not going to create any new house we've been built, probably,
So there's only one hundred and eighty five spots in
the Act that have been allocated for this scheme. But
we'll definitely have a role in playing in housing affordability crisis.
So for those that are start struggling, you know, to
save a deposit due to high rent might enable them
to transition time lunch more quickly. And there's plenty of
copies on the market sale in Camber at the moment,
(13:30):
so I'm sure many sellers would love two more buyers
in a position to purchase.
Speaker 6 (13:33):
Yeah.
Speaker 5 (13:33):
When went to buy service, I'd.
Speaker 1 (13:34):
Say yeah for sure. And we've spoken many times on
the show about how hard it is for first time
buyers to crack into the market, so it's great to
learn about things like this. Maria, thank you so much
for explaining that to us this morning.
Speaker 5 (13:45):
Ye're welcome, have a loving Saturday, you two.
Speaker 1 (13:47):
That's Maria Edwards, CEO of the Real Estate Institute of
the ACT. You can just google Helped to Buy if
you want to learn a bit more about it as well.
Speaker 4 (13:54):
Well.
Speaker 2 (13:54):
Those are the interviews we most enjoyed in last week's
Mixed one O six point three real Estate show. If
you love hearing about the latest trends or you're just
up for a sticky beak. Be sure to drop by
for a listen this Saturday between nine and ten
Speaker 1 (14:07):
Cam and Rene's Real Estate Show on Mix one O
six point three
Cameron Renee's Real Estate show on Mix one oh six
point three be the Envy of Canberra Live in de
Burg at Northbourne Village by JW. Land now selling.
Speaker 2 (00:10):
Well Renee, I would like you to say thank you
to anyone and everyone for clicking on and listening to
our podcast.
Speaker 1 (00:17):
Yes, thank you so much. We love that you get
involved in the show and listen. We're really grateful.
Speaker 3 (00:23):
Yeah, and it's time right now.
Speaker 2 (00:24):
At that time we get to relive last Saturday, so
it was the twenty ninth of March.
Speaker 1 (00:29):
Yes, and we learned a lot in the real estate
show this week. One of them was the Master Builder's Act.
They recently launched their Build magazine which is a guide
to building and renovating in camera, which is pretty cool.
Speaker 2 (00:40):
Absolutely, the Queen Band and Powering Regional Council, their heritage
towards are back on and I just love going into
the New South Wales area. So of course ACT has
got beautiful heritage times as well. But those homes that
were sort of built in the mid eighteen hundreds and
they're still here and they are just dripping and oozing
with history. You can almost feel the presence of the
(01:01):
people that live there.
Speaker 3 (01:02):
Originally.
Speaker 1 (01:03):
Yeah, I loved it too. I love the stories, I
love the way they look. I love learning what people
do to maintain and restore them. So we're going to
learn about these heritage awards. We learned about it as well, yep.
Speaker 2 (01:13):
And a big announcement in the federal budget that was
made through the week leading up to the show in
regards to property with the help to Buy scheme.
Speaker 1 (01:22):
Yeah, so this is for first home buys to kind
of give them a leg up into the market. I
guess you could say, you know, things like lower deposits
and smaller mortgages as part of an expansion of this scheme.
So we learn about that, and we did ask you know,
the important question.
Speaker 2 (01:36):
Yes, it was Maria Edwards for the CEO of the
Real Estate Institute of the ACT who joined us.
Speaker 3 (01:42):
So that is all ahead of you.
Speaker 2 (01:44):
Thank you again for having our podcast on and enjoy.
Speaker 1 (01:49):
When we've heard about this next thing, we thought we'd
better explore this on the show because it's right down
our alley, and you know, I think it's going to
help lots of people. Master Builders ACT. They recently launched
the twenty twenty five edition of Build Magazine, which is
a guide to building and renovating in camera and let's
face of it, you know, let's face lots of us
need all the help we can get in this space.
Speaker 2 (02:10):
Yeah, even if it's just a magazine, it gets us
started on the right direction. Yes, because if you start
and you head off in the wrong direction much further
down the track, that can be very costly. It can
in both cash, yes and time.
Speaker 1 (02:24):
And Anna Nila Gama, who CEO of Master Builders Act,
joins us. Now, Hi, Anna, good morning. Now tell us
about the Build magazine and some of the topics that
it covers.
Speaker 4 (02:35):
Yeah, Build Magazine, which we launched two weeks ago. It's
a one stop shop for helping plan your your renovation
or new build. Helps you set budget, it tells you
what your budget gets. In the act, there's a very
useful guide in helping deflect builders, architects, designers. There's a
great section on home trends and you know that's the
kind of new compliance measures you have to look at
(02:57):
and tips from builders themselves to a management any building projects.
So if you're going to do a renovation or a
new build, I strongly recommend you grab a copy of Build.
Speaker 1 (03:08):
Yeah so good, and I love that there's that local
focus as well, which is going to be so helpful
for lots of people. And what's the biggest mistake you
see people making when it comes to building and renovating.
Speaker 4 (03:20):
Look, I think a lot of it comes down to
planning and you know, not budgeting enough money or time
and not looking at the right experts to help you.
And if you do all of that right from the outset,
you get the right builder, you get the right architecture
or draftsman, you really do set yourself up for success
(03:42):
because it's like a job, right, You're picking the very
best people for your team, and a new build or
a renovation should be no different.
Speaker 2 (03:50):
When you publish these sorts of magazines and documents, they
don't just happen. There's a lot of planning, there's or
it's a big project management exercise in itself. So you
would have been a cross that as it was happening.
Speaker 3 (04:01):
Anna.
Speaker 2 (04:02):
When you get the final document though, and you're flicking
through as just a casual consumer of the content, what
was you're turning the pages, what was the thing that
sort of jumped out for you that you went, oh, WHOA,
so I knew that was happening but I didn't know
it was going to be that good.
Speaker 4 (04:19):
I think that really comes down to the current trends
and what is really striking when you flip through the
mag is a return to those natural finishes and color
palette palette. You know, we've got a lot of natural stone,
recycled timber, a lot of that kind of eco eco
friendly look and warm of color palette which is so lovely,
(04:39):
especially given we're entering altrom here in Canberra. So it's
just so nice to see. And when we actually launched Builds,
we had a panel and the designer said, you know,
things like terracotta and have a tina back, So that
was really interesting.
Speaker 5 (04:55):
Yeah.
Speaker 1 (04:55):
And how can people access this magazine.
Speaker 4 (05:00):
They can swing into Master Builder's Act in fishwik and
they can get a free copy, or they can get
it online at NBA dot or got au simple perfect.
Speaker 1 (05:08):
Well, people should definitely check it out for sure, And
I thank you so much for sharing that with us
this morning.
Speaker 4 (05:14):
Thanks.
Speaker 6 (05:14):
I thank you.
Speaker 1 (05:15):
See Leader and Aniela Gama, CEO of Master Builders Act,
make sure you check out their build magazine. Now we're
gonna head just over the border cam the Queenbian and
Palorang Regional Council Heritage awards are coming up. Now why
is this interesting and why will this matter to people?
Speaker 3 (05:32):
Well, look over for me and I'm just going to
chime in.
Speaker 2 (05:34):
I just love so we've got beautiful heritage homes in Canberra,
yeah of course, and then even all the homes in
and around the Capitol region. And as I said earlier,
you wander into some of these places and you can
almost fuel the presence of former residents.
Speaker 1 (05:51):
Yes, even just driving past.
Speaker 2 (05:53):
I don't believe in any of that stuff, right yeah, yeah,
you just you can feel their.
Speaker 1 (05:58):
Stories and their history and just feel the history I reckon.
So what are these awards about and why are they important?
We'll ask Amy Jarvis, qbrc's heritage advisor. Good morning, Amy,
good morning, how are you good? Thank you? Now, look
tell us about the local Heritage Awards and what they
aim to do.
Speaker 6 (06:18):
Well, look, the award they're seeking to acknowledge all the
hard work of those people who live in and own
heritage places throughout the local government area. So Quambi and
Tollerang is a pretty big area. So it goes all
the way out past Braide, would past Sundondoor, Captain's Flat
and includes a lot of rural areas, but there's so
many heritage places and people are doing such a good
job looking after them, and we want to give an
(06:39):
opportunity to celebrate them and acknowledge all the good works
they're doing.
Speaker 2 (06:42):
So that's why the awards are important. What about the
actual structures themselves, why are they important to the local
area and the importance of keeping them at a sort
of certain level of occupancy and state.
Speaker 6 (06:56):
Well, I like to explain heritage as those things from
the past that we want to look after in the
presence so we can keep them for the future.
Speaker 3 (07:03):
And cam light that.
Speaker 6 (07:05):
That's a nice little, nice little tidbit for you. That's
the idea of keeping these heritage places is that they
tell us about our pats. They tell us about how
people lived and worked and places and how we can
continue to learn from that. But they also give us
a sense of identity, a sense of community, and a
sense of place. They make up the fabric of our
cities and towns, and it's really important that we're able
(07:27):
to look back as well as we look forward.
Speaker 3 (07:29):
Talk about amazing stories.
Speaker 2 (07:31):
And I went into a heritage place with a zango
video that I've shot maybe eighteen months or so ago
and it was close to town and it was the
story of I think it was the maid who fell
in love with the owner of it, and they'd edged
their initials into the glass window.
Speaker 3 (07:48):
They're still there. Yeah, I love that, right, you would
love stories like that, Amy, Oh, absolutely.
Speaker 6 (07:54):
And I have to admit this is These are the
type of stories that got me into a job like
heritage advising. I just can't get enough of these beautiful,
rich stories of who people were and how they lived.
Speaker 3 (08:03):
What are some of the other cool stories you've heard though?
Very quickly, Look, I've.
Speaker 6 (08:07):
Blass etching is not uncommon. I've seen that a little bit.
Sometimes when people pass away, their names or the dates
that they passed away are etched into glass. Sometimes you'll
find reuse materials. I've seen buildings where old gravestones have
been reused as part of the flooring. You know, the
type of thing you find all over Australia. And we're
(08:27):
really lucky to have such a rich amount of right
right on the doorsteps of Canberra.
Speaker 1 (08:31):
See, now we understand why you do the job you do.
Speaker 2 (08:34):
Yeah, yeah, yeah, And do you like me as well?
Like again, I don't believe in supernatural.
Speaker 3 (08:39):
I just don't.
Speaker 2 (08:40):
But when you walk into these places, Amy, you can
you almost soak up the history, can't you.
Speaker 3 (08:45):
Yeah?
Speaker 6 (08:46):
Absolutely, These places have a personality and a presence that's
hard to describe, but they really do kind of give
you a sense of meaning and belonging to a place.
And I guess it just puts your everyday the grinds
that you're doing, just put into the perspective that people
have done it before you, people have done it harder,
and people have done it differently. And I just love
that aspect of it.
Speaker 1 (09:06):
Yeah, so good, all right, Amy, Well, thanks so much
for sharing that with this This morning is very interesting.
I feel like we could talk to you more about this.
We want to have to get you back on the
show another time. Yeah, but that was great. Thank you
so much of your time this morning.
Speaker 6 (09:19):
No worries. If you want to know about the awards,
the dominations are open until the seventh of April and
you can go to the QPRC website to find out more.
Nominate to put your house as the best maintained house,
the best restoration or reuse of your house, or you
could either nominate for the best research or publication to
promote local heritage, so check out the website and even
(09:40):
come along to the awards ceremony on the seventeenth. It's
May as part of the Heritage Festival.
Speaker 3 (09:44):
Wonderful call to action.
Speaker 2 (09:45):
Thank you so much, Amy, You've nailed everything perfect.
Speaker 1 (09:48):
Thank you so much. That's Amy Jarvis, qprc's Heritage Advisor
their lunch. They just go online and you can nominate
there well. Cam. Obviously, we had the federal budget handed
down on Tuesday this week week and part of that
the government announced an expansion of the Help to Buy program,
so we thought, let's learn more about what that program
(10:08):
is and what the expansion means as well.
Speaker 3 (10:11):
Yeah, because we have hell heard of help to buy.
But again that was sort of the feature piece, wasn't it.
Speaker 2 (10:16):
And really, with the big announcement yesterday, the budget announcement
sort of seemed so far away.
Speaker 3 (10:20):
Now does it really?
Speaker 1 (10:22):
Does? It really does? Like it never happens exactly. But
let's go back to that and find out more about
help to buy and say good morning to Maria Edward's
CEO at the Real Estate Institute of the Act the
morning Maria, good morning, Now, look can you tell us
more about help to Buy? And how it works.
Speaker 5 (10:37):
Yeah, so it's the central government shared equity scheme, where
the government can be a co owner of property with
a private purchaser. So it's like buying popping with a friend,
except that the friend is actually the government. It can
be up to thirty percent of an industing home or
forty percent of a new build. So for example, someone
purchasing house for six hundred thousand dollars, a government could
paye hundred and eighty thousand dollars, leaving the purchase of
(10:58):
just having to finance for thousand dollars, so much moreer mortgage.
Speaker 1 (11:02):
Okay, and I have to ask, what's the catch?
Speaker 5 (11:07):
Well, the government will own if they are own thirty
percent of your property at the start, they're also going
to own thirty percent of your property when you go
to sell it, So they're going to be entitled to
thirty percent of the profits unless you pay them out
in the meantime, which you got you can do throughout
the mortgage. Yep.
Speaker 2 (11:20):
Yeah, okay, so there's the catch, not really a catch,
but it's well worth. It's well worth asking that question
because it sounds too good to be true, doesn't it.
Speaker 1 (11:28):
That's right, Like when you're having that partnership. Yeah, I
did want to ask that question, but that explains it
very well. Thank you so much. What are the positives
of the scheme area, Yeah, well, I think.
Speaker 5 (11:37):
It's going to allow people to enter home ownership with
a much smaller deposit and potentially a better property. So
on that six hundred thousand dollar property, you need to
have a minimum two percent deposit, so that's twelve thousand dollars.
And also with the large government contribution, they're avoiding lender's
mortgage insurance. I think one of the biggest things I
can see is that it's going to give a bit
more choice to buy us. So for a family sort
of on a lower income or a medium income, their
(11:58):
only option might have been to buy a unit, whereas
with your scheme they might be able to buy actually
a free standing property. And there's a limit of one
million dollars on the purchase crist but certainly you know
this townhouses and houses and some of the suburbs that
would qualify, okay.
Speaker 2 (12:10):
And so potentially if you start off earning a particular
wage and then as you go along you start to
earn a little bit more, potentially you could pay it
on both your mortgage and then what you owe the government.
Speaker 6 (12:22):
Yeah.
Speaker 5 (12:23):
Yeah, so you can pay buy extra little share at
five percent a time, so you can actually pay it
down to the government over time for sure.
Speaker 1 (12:30):
Okay. And is there anything that people should be wary
or cautious of with this?
Speaker 5 (12:35):
Yeah, So there is income limits to qualify for it,
and at the moment there's the for a single person
you can only enn up to one hundred thousand dollars
to qualify it, or for a couple with one hundred
and sixty thousand. People also need to have to be
able to pay for the stamp duty, the legal costs
conveying things, So they're going to be paying one hundred
percent of that plus the rates body corporate maintenance. They'll
be paid one hundred percent of that while they own
(12:55):
a property.
Speaker 3 (12:55):
Okay.
Speaker 5 (12:56):
And also finally that it cost to have to live
in a property company.
Speaker 3 (12:59):
Invest Yeah right, yeah, ye yep.
Speaker 2 (13:01):
And so I would to imagine this does have a
role to play in solving the housing crisis.
Speaker 5 (13:08):
I guess more, it's more it's going to start. It's
not going to create any new house we've been built, probably,
So there's only one hundred and eighty five spots in
the Act that have been allocated for this scheme. But
we'll definitely have a role in playing in housing affordability crisis.
So for those that are start struggling, you know, to
save a deposit due to high rent might enable them
to transition time lunch more quickly. And there's plenty of
copies on the market sale in Camber at the moment,
(13:30):
so I'm sure many sellers would love two more buyers
in a position to purchase.
Speaker 6 (13:33):
Yeah.
Speaker 5 (13:33):
When went to buy service, I'd.
Speaker 1 (13:34):
Say yeah for sure. And we've spoken many times on
the show about how hard it is for first time
buyers to crack into the market, so it's great to
learn about things like this. Maria, thank you so much
for explaining that to us this morning.
Speaker 5 (13:45):
Ye're welcome, have a loving Saturday, you two.
Speaker 1 (13:47):
That's Maria Edwards, CEO of the Real Estate Institute of
the ACT. You can just google Helped to Buy if
you want to learn a bit more about it as well.
Speaker 4 (13:54):
Well.
Speaker 2 (13:54):
Those are the interviews we most enjoyed in last week's
Mixed one O six point three real Estate show. If
you love hearing about the latest trends or you're just
up for a sticky beak. Be sure to drop by
for a listen this Saturday between nine and ten
Speaker 1 (14:07):
Cam and Rene's Real Estate Show on Mix one O
six point three
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