Élan
8 Churchill St, Kirra
ViewBuying property is likely the largest purchase you will ever make, so it's important to weigh up the pro's and con's of all options, to ensure you get the right fit for you and your lifestyle. Here's some tips to consider when looking to buy property off-the-plan.
Value – You lock in a brand-new property at today’s prices and by the time your property is completed you should be able to take advantage of an increase in its value through having additional equity in your apartment.
Reduce Your Costs – Only 10% is required as a deposit upfront and then you have time to continue saving until you settle which means you can borrow less and reduce your mortgage costs.
Lots of Time to Sell Your Home – If you’re moving into the apartment, you’ll have lots of time to sell your home, taking a lot of stress out of the home selling process.
No Duty Until You Settle – You don’t have to pay stamp duty until you settle. If you buy an existing property Stamp Duty is due within 30 days of settlement. And the added bonus with off the plan, is that stamp duty is calculated on the contract price – not on its potentially increased value at settlement.
Low Maintenance – It’s brand new, so maintenance is going to be super easy. Even easier knowing that Mosaic maintains its properties for at least 25 years – so your apartment will be in top shape for life!
Tax Advantages – If you’re renting it out you may be eligible for tax deductions such as depreciation and wear and tear which are generally higher for new property
Higher Rental Yields – Tenants are more likely to be prepared to pay a premium for a high quality new apartment.
Early Access for Your Tenants – Using our property management arm gives you the best chance of getting a high-quality tenant at the highest possible rent earlier, because they have access to your lovely new property before it settles.
Better Locations – Apartments are typically located in high urban amenity areas closer to existing and future infrastructure, meaning they are far more likely to experience value uplift associated with strong public and private investment.
It’s How People Want to Live – The population is increasingly drawn to the lifestyle afforded by higher density environments including restaurants, shopping, transport and schools. Apartments also typically provide far greater amenity, less maintenance and better security.
Government Investment – Providing infrastructure to outer suburban fringe areas where detached housing typically exists is cost prohibitive. Investing in infrastructure in densely populated areas with apartments makes good economic and political sense.
The Preferred Asset Class – Australian investors strongly favour apartments, with CoreLogic reporting that investors favour apartments over detached housing by around three times. This percentage has grown considerably in the last decade.
Recognition – Mosaic was the most highly awarded developer in Queensland in 2018 with its apartment projects recognised by multiple highly regarded industry bodies for design, quality and liveability.
Track Record – Mosaic has successfully delivered more than 40 projects in SEQ in the past six years alone and Mosaic has never once failed to deliver a project.
Quality – Mosaic designs with the Owner Occupier in mind with bigger, functionally designed apartments with high quality fixtures and fittings that people want to live in.
Enduring Value – Mosaic delivers every stage of the project from research and acquisition through marketing and sales, to construction, property management and maintenance. They are with you for the life of the building.
Trying to keep abreast of what is happening in the property industry is a bit like juggling fish – you need all the help you can get. To understand the latest trends and predictions in the market and be up on which suburbs or regions present a good option for property investment, value driven industry related content from a reliable source is invaluable.
Read moreAs the 6th largest ‘significant urban area’ in Australia, the Gold Coast now acts much like a major capital city, where the transition away from a pure reliance on industries like tourism and construction has created a more sustainable economy.
Read moreWith robust economic drivers, including strong migration, record infrastructure investment and a cost-competitive property market, Brisbane presents a compelling property investment opportunity.
Read moreA powerful combination of an enviable lifestyle, underpinned by commitments for massive investment in infrastructure and amenity, strong employment growth, and a high level of housing affordability.
Read moreFollowing the latest findings by BIS Oxford Economics (which forecasts Brisbane’s median house price to rise by 20 per cent over the three years), recent data released by Select Residential Property predicts median house prices in the top Brisbane suburbs will rise between 23 and 25 per cent over the next three year period.
Read moreAfter some very positive news last week, this week the news for the national property market continues, with even more fundamentals aligning, making buying property now a very compelling argue for future capital growth.
Read moreWith $16 billion worth of infrastructure currently planned or in construction, Brisbane will soon be claiming it's place as one of the world's most liveable cities. If you're thinking about investing in Australia, then this is the city that you need to seriously consider, and fast.
Read moreAccording to a recent report, the Queensland property market is looking extremely positive due to a combination of factors including rising migration, affordable home loans and increasing incomes.
Read more