Offers to good to be true

Due to the economic slowdown, and with the slump in the building industry builders in Queensland are offering extraordinary incentives to lure customers.

One building company has even gone so far as to offer homebuyers a free new pool, while another company is giving away almost $50,000 in added extras.

Tony Coward AV Jennings state manager said builders needed to offer more to get consumers to buy.

Builders usually offer ducted air-conditioning as an added bonus at this time of the year and this year is no exception, because business is pretty miserable at the moment.

There is no shortage of people looking at display homes but only a few are prepared to commit.

Consumers are more worried about keeping their jobs so they are afraid to commit to a home loan.

Mr. Coward also stated that AV Jennings were also offering a free security package to some buyers, including an internal security system and remote controlled garage doors.

"We do whatever we have to do to get people through the door and then we use our sales techniques to try to get them to buy a home", he said.

Another company has been offering a $7000 rebate or $24,000 worth of upgrades, such as expensive benchtops, cooktops, and dishwashers, for an extra $3,500 to get homebuyers to sign on the dotted line.

Paul Mackertich of Clarendon Homes said, "It was all about being competitive." He further stated that his company was in the process of organising a set of new deals and was also set to release a new series of cheap, single story homes designed at the first-homebuyer.

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Published on January 1-th, 2009 in Home Loans
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.
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