Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 8932 8900

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  • Elders Home Loans

  • Katrina Parrington

    I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

    I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

    Tel: 08 8953 8800
    email: katrina.parrington@eldershomeloans.com.au

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Alice Springs Buyers Hurt by Land Supply

Posted by Katrina Parrington on January 25, 2010

Nationally, first home buyer numbers are up according to the Australian Bureau of Statistics, but the lack of land release in Alice Springs is restricting the building of new homes in the town.

Figures released by the ABS this week show first home buyers now make up 28 per cent of all dwellings financed — the largest proportion since the ABS began collecting the data in 1991.

Alice Springs Elders Home Loans’ Katrina Parrington said: “The scheme, while it has attracted some criticism on the basis that it has pushed house prices up, has proved popular and successful and has provided jobs by encouraging people to build their own homes, and this has also been reflected in the local Alice Springs market.

“About 60 per cent of local purchasers are first-home owners particularly sourcing established homes/units in the medium market up to $400,000 and there is criticism that the First Home Owners Boost has artificially inflated mid-to-lower price ranged homes.

“The length of time it is taking to develop available land for housing in Alice Springs is an issue and all potential home buyers including the first home owners are being affected, the lack of suitable land for development is restricting new home construction.

“While Buildstart an NT Government initiative is helping Territorians build homes, an encumbrance or condition within the contract for the purchase of vacant land should be that homes need to be constructed on them within a limited period of time.

“However, there is clear evidence in the strength of local sales that investors and first home owners continue to demonstrate confidence and strong interest in the purchase of homes and investment property.”

Centralian Advocate, Edition 1 – FRI 17 JUL 2009, Page 024

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