ADVANTAGES OF BUYING IN A RISING MARKET

14 Mar 2014

Extracted from 8:47AM Friday Mar 14, 2014 Fairfax Media (Domain)- Susan Wellings

When property prices are rising, it's the perfect time to consider buying off the plan, says one of the leading project marketing experts in new developments. It means both owner-occupiers and investors are locking in a purchase at today's prices for a home that, by the time it's built in two to four years, will hopefully be worth a great deal more.

"That's a wonderful opportunity to enjoy capital growth', says David Milton, the Managing Director of Residential Projects at CBRE. "Most owner-occupiers will be selling their own homes which gives them plenty of time to sell, and a lot more chance to earn more capital growth in the interim on their own home, while having put down just 10 per cent to secure their next.

Investors, too, will reap the benefits as they'll receive a better rental return because of that high predicted capital growth of between 10 per cent and 20 per cent." Buying off the plan, particularly when there's a shortage of good property for sale on the market, also gives the potential purchaser the chance to snap up something of real quality, especially if they get in early and can choose the pick of the product on offer.

When looking for a property for my parents, I was introduced to Tony. After I described my requirements, he took the time to show me areas that fulfilled my requirements, and then specific locations, floor plans and similar new homes that he believed, based on my criteria, would be suitable. Thank you Tony.

- Mac
Maroubra

Tony and his team were willing to go the extra mile to show us properties in new and growing areas that would be suitable to include in our investment portfolio. Following our earlier success in securing a new build on land in the Newcastle region, we were keen to investigate other locations which would provide capital growth and good rental return with a low vacancy factor. His team thoroughly researched all those requirements and provided great options.

- Roger Smith
Tea Gardens

Tony and his team assisted us in buying a new off-the-plan home for investment purposes. We were given plenty of information on the location and trends in the area, and the types of properties that were popular with tenants. Tony has many trusted contacts in real estate and associated industries, and referred us to a quantity surveyor who has helped us claim a lot more depreciation than we thought we could, and to a great property manager that is making our life easy for us as landlords. It’s been a very successful relationship!