Investing in off the plan properties in Australia can
be considered a sensible financial decision in the current market place.
The market may rise over the next few years, giving the investor a financial
asset when comparing with the lower prices in the housing market at present.
When investing in Victoria however, there are various savings that can
be made when signing a contract for the property before it has been built
on land. One of the examples where Victoria compares favourably to other
states in Australia is through the reduced stamp duty that you can pay.
The stamp duty only applies to the land and what has been built upon it,
so if there is nothing built yet then when the contract is signed the
stamp duty you are paying only applies to the land itself and so it is
vastly reduced.
With off the plan properties the investor has the ability to pay the contract
for the price that is agreed at the start, and so they can make capital
gains when the time comes to complete payment of the building whenever
that is. By completing payment at the end of the development you are given
time to organise your own finances, which is beneficial to the investor
as they do not need to have the capital available at the time of initial
purchase.
In order to maximise the potential of the investment there is usually
the opportunity to have more of a role in the decision making process
for internal features. The investor can have more say in what will appeal
to the demographic that they want to appeal to in the marketplace.
For complete property listings, please view: Investment Properties
in Australia