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Off-the-plan display homes
offered as an investment
MEDIA RELEASE - Investor Assist Releases Display Home Investments - Off The Plan
The benefits of buying a display home for investment purposes include guaranteed leaseback, high returns and immaculate maintenance of the property. But as an investment, there’s always the fact that with a display home you are buying the finished investment, at finished product pricing, rather than developing it yourself as a house and land package for more of a ‘wholesale’ price. Investor Assist, the property investment experts, are about to change of that with their innovative approach to investing in a display home.
Investor Assist is building its first two display homes in WA and is offering the homes not as a complete product, but off-the-plan house and land package. Not only do they achieve the same quality investment property at a lower price, it also provides stamp duty savings as they only have to pay it on the land rather than the house and land. Add the fact they offer a guaranteed 7% lease back for the first two years whilst they are being used as display homes, and you have yourself a pretty smart display home investment.
Investor Assist is building the displays in two Stockland estates in the northern suburbs including Whiteman Edge in Brabham, plus The Vale Estate in Aveley.
Both single storey homes offer four bedrooms, two bathrooms plus a home theatre room and are positioned in prime locations within the estates.
The Whiteman Edge investment is located opposite a park and café, priced from $470,250 and the Vale display is in walking distance to shops and the town centre, priced from $508,055.
The displays will showcase the quality of the Investor Assist homes which have been designed to specifically meet the needs of both the investor and tenant alike with additional and well considered design features, and uses floor plans, colour schemes and elevations that represent 80% of the populations choices to keep the house attractive to a wide range of tenants and buyers for resale. And unlike other display homes, Investor Assist are building their displays without all the ‘bells and whistles’ to accurately portray what is standard in an Investor Assist home so investors can accurately gauge value-for-money and get a good understanding of what is delivered on completion of construction.
Andy Kelly, Property Investment Specialist Investor Assist, notes these homes are a unique opportunity for investors and by purchasing prior to the commencement of construction, the investor is basically benefitting from wholesale prices.
‘Building companies generally sell the displays once they are no longer needed as a display home and this means the buyer is liable for stamp duty on the land and house, but with this opportunity the investor only pays stamp duty on the land,’ said Mr Kelly.
‘In addition, they receive an above market guaranteed rent return for two years and they know the home will be immaculately maintained whilst it is being used as a display.
‘Then once the two years is up, they own an investment property in one of the best streets in the estate, surrounded by quality homes constructed by Perth’s best home builders – it’s a pretty smart way to get added security on your investment.’
Mr Kelly believes the two Stockland estates are highly desirable locations to own an investment property.
‘In 2011 Vale was crowned as the best residential development in Australia plus Whiteman Edge is one of Stockland’s best-selling land estates. The land supply in Ellenbrook will come to an end over the next few years so demand will only continue to increase in Vale and Whiteman Edge, increasing the values of the homes for investors,’ said Mr Kelly.
‘These are likely to be the only two display homes released by Investor Assist in 2013 and I am encouraging my clients to jump at the chance,’ said Andy. ‘In fact, if they don’t I am seriously considering buying one of the homes myself!’
Construction is set to commence in the coming weeks with completion scheduled for March 2013 to coincide with the opening of the display villages providing investors with a limited window of time to take advantage of the stamp duty savings.
Further information about the two displays is available by contacting Andy Kelly from Investor Assist on (08) 9200 7200.