What’s on at Armstrong: Sanctuary is growing, growing, gone…

Armstrong continues to move apace as residents will have seen with earthworks and all sorts of action around the Mount Duneed community.

The latest news is that the Sanctuary community, the quiet hideaway between Burvilles Road and Armstrong Creek, has sold out.

It’s more hard evidence of the area’s popularity and affordability with new home buyers.

This is only likely to continue as the Armstrong Creek Town Centre opens for business in July, just a few short months away.

Stage 1 retailers are set to include Coles, Liquorland, Terry White Chemist, Beauty Genesis and Tattslotto. Stage 2 retailers are expected to be released soon.

If you’re a first home buyer looking to make the move to Armstrong, the Federal Government’s First Home Loan Deposit Scheme is offering a significant helping hand.

Under the scheme, eligible first home buyers can purchase a home with a deposit of just 5 per cent.

You have to be applying for an owner-occupied loan on a principal and interest basis. There’s also an income upper limit: $125,000 a year singles and $200,000 for couples.

There’s a price cap on eligible properties, too. In Geelong, it’s $600,000.

The deposit scheme can be used with the state government’s First Home Owners Grant.

In Geelong, this means up to $20,000 if you’re buying or building a new home up to $750,000.

It’s worth thinking about. Armstrong, after all, is an award-winning community with a raft of special features: Club Armstrong; great location close to Geelong and Torquay; a terrific 24 hectares of parks, wetlands, sporting fields and green spaces.

Oh, and for commuters, first seat on the train to Melbourne from nearby Waurn Ponds station. That’s worth remembering.