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Home loans in Magilll

Eateries, transport, and nature - Magill really has it all! Home to a campus for the University of South Australia, Magill offers maximum convenience for students, though there is something to suit every lifestyle here. Restaurants, cafes, and all your essential shops are readily accessible, however, the real gem for many is the Penfold’s vineyard and cellar door located right at your doorstep. Not a wine fan? Head to the neighbouring Morialta Conservation Park to take in awe-inspiring natural scenery, including waterfalls and ancient caves. Families will love the plentiful parks and playgrounds dotted around Magill, and the short commute into the city couldn’t be better for professionals. No matter your interests, Magill makes an amazing place to call home.

In 2023, the median price for houses and apartments respectively was $915,000 and $480,000. Interested in buying a property in this area? Talk to Cherry Ou about your plans today.

Construction loans in the Magill area

Building a home comes with its own set of unique challenges, and Cherry Ou understands these like no one else and will work hard to help you tackle any hurdles that come your way. One thing that can make your construction process easier is an amazing construction loan. Construction loans differ from regular home loans, so it’s important to speak to Cherry and make sure you are aware of all the differences.

In a construction loan, your loan amount is gradually ‘drawn down’ to pay for work as it is completed, as opposed to a standard loan where you receive the full amount immediately. The benefit to this is that you will only pay interest on money that has already been used, keeping your first repayments lower than they otherwise would be. Before each progress payment is made, your build will also undergo inspections to make sure everything is proceeding to an acceptable standard. You will also need to supply more documentation and plans than a standard loan when you apply - but don’t worry, Cherry will be by your step through every stage so you won’t have to worry. As your capable mortgage broker, Cherry is dedicated to finding you the absolute best loan and allowing you to stress less about financing your project. Talk to her today to discuss your situation further.