Quality House & Land 
Sunshine Coast hinterland lifestyle with easy transport facilities. Read more... |
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Fusion: Arncliffe....modern luxury 
Just 10 km south of Sydney’s CBD, Arncliffe is fast becoming a home for people seeking convenience and comfort. Close by both Turella Station on the East Hills Line, and Arncliffe Station on the Illawarra line, Fusion is an effortless commute to the city. Read more... |
| Buying off the Plan |
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Why should you consider buying an investment property off the plan? While we recognise that not all investors are as comfortable with site plans and floor plans as others we do believe that there are some major benefits of purchasing property off-the-plan. 1. Price When developers begin a new project there is a period of market "testing" of the product. They often start with lower prices to encourage a faster sales rate. Once a market is established and construction commences, and the developer has met their construction finance requirements, prices usually rise. Often for investors who commit early to the project there is significant price incentive. 2. Tax benefits As we have mentioned new property offers significant tax benefits. Depreciation benefits are greatest when the property is brand-new so buying off-the-plan maximises your available tax deductions. 3. Secure property at today's price When buying off-the-plan, an investor can secure property at today's price yet often not have to settle for up to 24 months, or in some cases even longer. The investor gains the full benefit of any capital growth in the market over the period of construction. Developers usually require a 10% deposit but this can be in the form of a bank guarantee so little initial capital is required. 4. More time to act Both investors and owner occupiers buying off the plan have the advantage of time before settlement. If you are considering the sale of an existing property this extra time allows you to plan for your marketing and reduce the risk of a rushed sale. 5. More time to save While the 10% deposit needs to be paid when the contract is signed, the balance of the purchase price does not have to be paid until construction is complete. This means you don't actually need your bank finance until settlement. Since construction can take 24 months or more, it's easier to build your savings and pay a larger amount up-front reducing the need for a large mortgage or mortgage insurance. Some developers will even pay you interest on your 10% deposit until the project is complete. 6. First in - best dressed One of the greatest benefits of buying off-the-plan is that you get to choose your property from everything that is available in the development. You get to view the development as a whole and decide on the best aspect, best position and best layout. This in turn, can offer better potential for strong capital growth and maximise rental yields |