Find your perfect house and land package and lock in a low interest rate on your home loan!​

For a limited time, Seventh Bend have partnered Burbank with to get you into your new home sooner. ​

With unbeatable value on house and land packages bundled with an unbeatable interest rate of 3.24% p.a.* you can’t afford to miss! (Comparison rate of 5.83% p.a.)

-Save on your mortgage payments with an unbeatable low interest rate.

-Fast track home ownership with Burbank’s preferred Home Loan Partner, National Pacific Finance.

-Save thousands on your mortgage, so you have more to customise your dream home.

To find out more, please register your interest to speak to our friendly sales consultants.

You can find Burbank packages with the applicable interest rate here – all those with the 3.24% interest rate banner are applicable.

Construction updates May 2025

We are pleased to provide you with a breakdown of the recent activity on site.

• Stages 10, 18 and 19 are Titled and complete.
• Stage 14 reached Practical Completion mid-2024.
• Stage 20 is scheduled to commence construction in Q3 of 2025, with Titles expected Q1 2026.

Toolern Creek Landscaping is also expected to begin Q3 2025, with completion forecast for Q1 2026. The landscaping will include:

• Shared user path adjacent to Toolern Creek, including viewing deck;
• Picnic area including shelter and seating;
• Open kickabout space
• Fitness equipment
• Native planting throughout (including both tube stock and trees)

Further reductions to cash rate – what this means for the property market

Further reductions to cash rate – what this means for the property market

The cash rate reduction is most certainly a welcome relief for both existing mortgage holders as well as those who are intending on getting into the market. For those existing mortgage holders with a $500,000 loan and a variable rate of 6.01%, a 0.25 basis points reduction will mean $76 in savings per month.

For those looking to get into the market, it will be good news from a borrowing capacity perspective. A rate reduction will mean that the overall APRA enforced buffer will also reduce which generally results in an increase in overall borrowing capacity. To put this into perspective a Melbourne family with two dependants under the ages of 10 and with a household income of $190K and a $10K credit card limit will now be able to borrow about $20,000 more with a 0.25 basis points reduction.

With the reduced interest rate, and the new FHB scheme promised by the Labour Government, it’s expected that the number of buyers entering the market will increase. This will mean the properties priced in the low to mid-range should see some competition. Overall, the number of pre-approvals done in the market for potential property buyers will increase, resulting in some short terms challenges for lenders to keep up with the volume.

It’s always important to understand that time in market is more important than timing the market, hence it’s wise to purchase whenever possible as opposed to waiting until the market is at the bottom.

Most lenders have reduced fixed rates mortgage rates to low 5’s over the past few weeks. This is a good indication on where they believe the rates are heading over the next few years. AMP Bank recently announced a 10-year interest only repayment product with no reassessment during this period for both Investor and Owner Occupiers.

Ranin Mendis – Managing Director, Ello Lending Co.

Established in 2022 by YourLand Developments, Ello Lending Co. is a mortgage broking service that specialises in off-the-plan loans. With unanimous 5-star reviews across Google, and shortlisted as a finalist in The Adviser’s Better Business Awards 2025, Ello Lending Co. helps future homeowners navigate the unique requirements of land and construction finance.

The team of experienced mortgage brokers at Ello Lending Co. have access to competitive rates and provide a personalised service, making it easy for you to find the perfect loan for your needs.

To find out more about Ello Lending Co., visit www.ellolending.co or if you would like to reach out to the team directly, please call 0475 753 705 or complete a contact form on their website here and a member of the team will be in touch.

Find your perfect house and land package and lock in a low interest rate on your home loan!​

For a limited time, Seventh Bend have partnered Burbank with to get you into your new home sooner. ​

With unbeatable value on house and land packages bundled with an unbeatable interest rate of 3.49% p.a.* you can’t afford to miss! (Comparison rate of 6.17% p.a.)

-Save on your mortgage payments with an unbeatable low interest rate.

-Fast track home ownership with Burbank’s preferred Home Loan Partner, National Pacific Finance.

-Save thousands on your mortgage, so you have more to customise your dream home.

To find out more, please register your interest to speak to our friendly sales consultants.

You can find Burbank packages with the applicable interest rate here – all those with the 3.49% interest rate banner are applicable.