The key to earning property income lies in investing in quality apartments in Sydney cbd locations where the demand for rental units remains high while local vacancy is scarce. When choosing investment properties, factors such as location, quality of design and finishing, and price are particularly important.
Location: Properties situated in and around areas with increasing activity such as apartments in Sydney cbd, present good opportunities for capital growth. A good eye for potential prime locations can also lead to high capital growth as off the plan prices in these areas tend to be low while market values are likely to be significantly higher at the time of their completion.
Quality development: Attractive apartments with quality finishes and interiors may appeal to discriminating buyers or lessees and fetch higher prices than less aesthetic units in the same area. Since buying off the plan means paying for property sight unseen, the developer's track record and reputation for delivering quality apartments is crucial for investors.
Investment cost: Getting the best price for investment property is important and buying off the plan is advantageous for investors due to the low purchase prices and initial reservation costs which developers offer. Documentary stamp duties are ordinarily collected when the full purchase price is paid on existing units but are deferred for off the plan purchases. Documentary stamp duties on off the plan properties are paid only on the initial cash outlay, which is usually 10% of the purchase price. The remaining stamp duties are payable upon the completion of the apartment, usually 1 to 2 years away. This feature allows investors to easily raise sufficient funds for the settlement of the remaining balance of 90%.
Wentworth Point properties
Situated on the Parramatta River some 16 kilometres west of Sydney cbd, Wentworth Point offers the best of both worlds to its residents. Residential projects such as Wentworth Point Marinas present well designed apartments with functional floor plans and quality interiors and finishes.
Convenient location: Wentworth Point Marinas is only 30 minutes away from Sydney cbd and easily accessed by road, rail or ferry. This residential community is right across from the world class sporting and recreational facilities of Sydney Olympic Park and close to a variety of entertainment venues, shopping, cinemas, waterside restaurants, cafes and other commercial and retail establishments.
Upon completion Wentworth Point, like apartments in Sydney cbd, is going to be one of Sydney's most vibrant and picturesque property investments with waterside walkways, parks and surrounding natural bushlands.
Copyright (c) 2012 Waterfront Property Group
Location: Properties situated in and around areas with increasing activity such as apartments in Sydney cbd, present good opportunities for capital growth. A good eye for potential prime locations can also lead to high capital growth as off the plan prices in these areas tend to be low while market values are likely to be significantly higher at the time of their completion.
Quality development: Attractive apartments with quality finishes and interiors may appeal to discriminating buyers or lessees and fetch higher prices than less aesthetic units in the same area. Since buying off the plan means paying for property sight unseen, the developer's track record and reputation for delivering quality apartments is crucial for investors.
Investment cost: Getting the best price for investment property is important and buying off the plan is advantageous for investors due to the low purchase prices and initial reservation costs which developers offer. Documentary stamp duties are ordinarily collected when the full purchase price is paid on existing units but are deferred for off the plan purchases. Documentary stamp duties on off the plan properties are paid only on the initial cash outlay, which is usually 10% of the purchase price. The remaining stamp duties are payable upon the completion of the apartment, usually 1 to 2 years away. This feature allows investors to easily raise sufficient funds for the settlement of the remaining balance of 90%.
Wentworth Point properties
Situated on the Parramatta River some 16 kilometres west of Sydney cbd, Wentworth Point offers the best of both worlds to its residents. Residential projects such as Wentworth Point Marinas present well designed apartments with functional floor plans and quality interiors and finishes.
Convenient location: Wentworth Point Marinas is only 30 minutes away from Sydney cbd and easily accessed by road, rail or ferry. This residential community is right across from the world class sporting and recreational facilities of Sydney Olympic Park and close to a variety of entertainment venues, shopping, cinemas, waterside restaurants, cafes and other commercial and retail establishments.
Upon completion Wentworth Point, like apartments in Sydney cbd, is going to be one of Sydney's most vibrant and picturesque property investments with waterside walkways, parks and surrounding natural bushlands.
Copyright (c) 2012 Waterfront Property Group
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