Victorians buying house and land packages can reduce their mortgage rates even further than the Reserve Bank’s latest cut under an exclusive deal from leading builder Burbank and YourLand Developments.
For a limited time, Burbank has partnered with YourLand Developments to offer an exclusive 3.49% p.a. two-year variable mortgage rate for new customers purchasing house and land in select leading communities — more than 2% p.a. below the comparison rate of 6.17% p.a.
On an average $750,000 loan, the savings over two years of the low-rate loan could be up to $24,000 compared with a comparison standard variable rate loan of 6.17% p.a.
Burbank’s National General Manager of Sales and Marketing Anthony Garrubba said the deal was designed to make it easier for people to enter the property market and service a mortgage:
“We understand that the cost of living is impacting our customers, especially when they are paying rent at the same time as building a home, so these low mortgage rates will make it easier to manage,” Mr Garrubba said.
“This low rate gives buyers confidence, and we hope by easing their cash-flow challenges it will help Victorians to get into their new home sooner.”
The special offer is available to both first home buyers and subsequent homebuyers looking to build a new home. It can also be used in conjunction with the Government’s $10,000 First Home Owner Grant for those eligible, giving buyers another incentive and real opportunity to purchase their first home.
YourLand Developments’ Head of Sales Adam De Pasquale said the rate cut deal will be a gamechanger for first home buyers:
“Conditions have been challenging for first home buyers in recent years, but momentum is changing. By partnering with Burbank to provide this industry-leading rate, we hope to give more Victorians the boost they need to make their dreams of building their first home a reality.”
Media enquiries – HeadlinePR: Simon Pristel – simon@headlinepr.com.au
T&Cs apply. Head to www.burbank.com.au/victoria/promotions/Victoria-Low-Rate-Offer for full terms and conditions.
About Burbank
Burbank are proudly an Australian home building company creating homes since 1983. As a family owned and operated business, it holds unwavering family values instilled in the heart of every home.
In 1983, two brothers, Eddie Sanfilippo and Eddie Puhar, with a passion for home building, joined forces and launched Burbank. With humble beginnings as a sustainable home builder in Melbourne, Burbank has today become one of Australia's most trusted new home builders, with a national footprint building homes for Australians across Victoria, Queensland, New South Wales, Australian Capital Territory, and South Australia.
About YourLand
YourLand Developments is a leading privately owned property developer in Victoria, creating communities where people from all walks of life aspire to live, work and thrive.
From its origins in Bendigo, the company has expanded to develop vibrant communities across Victoria, with over 15,000 future homes in its pipeline.
YourLand is committed to leaving a positive legacy through thoughtfully designed neighbourhoods featuring green spaces, connectivity, and amenities that enhance everyday living. The company's relationship-based approach and focus on collaboration ensures each development reflects the needs of its community, delivering diverse, inclusive places that stand the test of time.
Publisher Website: www.homeshelf.com.au