Purchasing a property ‘off the plan’ can
be seen as an increasingly beneficial way to maximise return from an investment
in the current market place. The final payment for an off the plan property
is not due until the completion of the building; therefore the investor
has the ability to raise funds to complete the purchase upon final inspection
of the property itself.
The investor is able to purchase the property at a significantly reduced
cost due to tax savings that are available within Australia for purchasing
off the plan property. Examples of these savings include enormously reduced
stamp duty, the ability to pay the current prices at the time of the investment
and not those that may be higher once the building is completed, and greater
freedom in the choices of internal finishing’s for the property,
such as fixtures and fittings and colour schemes.
By beginning earlier the investor gains certain advantages such as greater
choice in the unit selection of a new development whereby you can attempt
to guarantee yourself the maximum return due to your upfront purchase
contract. Also, by going ‘off the plan’ you gain the greatest
depreciation and therefore gain greater savings on top of other various
tax deductions that off the plan investors are entitled to.
There is a great variety of off the plan apartments in Australia, which
leads to a larger selection of marketable assets that the investor is
able to use in securing returns off their investment.
For more information and listings, please click here: Off the Plan Apartments in Australia