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  • Profile photo of XynergyXynergy
    Member
    @xynergy
    Join Date: 2008
    Post Count: 3
    October 2, 2008 - 1:17 am

    if you can afford it, i would say yes, especially if you are willing to keep your property for the next 5 years while waiting for the price to go up.
    try to find a property that gives you rental guarantee, usually apartments are giving that option for about 2 years.
    also, this is just my opinion, if you can find a property that is off-the-plan and give you rental guarantee, its pretty gud, coz that means you can arrange your cash flow until the property is done, and when it is complete they still give you a rental guarantee,say for example 2 years.
    so, say you invest now and the property is to be completed in the next 2 years, that means you have 4 years time (2 years rental guarantee) to hopefully get a capital gain increase.and for the first 2 years you only pay the deposit ammount, and the other 2 years is just to cover the different of the loan and the rent which is usually about $400-$500 a month.

    gud cash flow :)

    Profile photo of XynergyXynergy
    Member
    @xynergy
    Join Date: 2008
    Post Count: 3
    September 30, 2008 - 3:24 am

    Hi kwarrior,  in my opinion, off the plan is usually better for investment, especially if the developer give a rental guarantee. Moreover, off the plan gives u opportunity for increasing price as the houses/apartments are being build. Also as u mentioned above u can save on other stuff such as stamp duty.
    I have an experience of buying off the plan at Travancore , where my client bought it and 3 weeks later the price has gone up for another 15k, so bassically u have a capital gain of 15k.
    i am currently working in an investment company and we are doing property for our investment vehicles, we are stationed in melbourne as well, so if u like to come and consult with us just come by at our office and we'll give you some advice and also show to you some of the good investment in off-the-plan investment

    Cheers,
    Junius Tjetje

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