Display homes offer a unique opportunity to secure an investment property with a top return, often up to 8% per annum, and it isn’t even lived in!
Law Property Australia Principal, Colin Law said, “Display homes are a unique residential investment. Not only do you acquire a quality home and achieve a return well above normal rental, but no one lives in the home. Therefore wear and tear is virtually nil”. Builders traditionally occupy display villages for 18 months to 2 years. During that time, the homes are only opened during normal business hours for the display village and are kept in top condition by weekly cleaning and landscape maintenance. At the completion of the display village period, minor maintenance items are attended to and the home handed back to the owner in almost new condition.
During the display period, rents offered by the builders are currently ranging from 6.0% to 8.0%. As the homes are so well presented with upmarket fittings, at the completion of the display period when the home is again available to the open rental market, rents above average are often achieved due to the quality of the home.
Law Property Australia has a number of display homes now available at varying prices and rental terms. Preview the selection in the New Home Options area of our web site.
NORTH LAKES – $660,000 – RENT BACK $1,015 per week
Our featured display home in Williams Crescent has recently opened in the near northern suburb of North Lakes. It is a magnificent 4 bedroom lowset home with huge living areas both inside and outdoor, a study, private decks, and a resort style master suite. North Lakes is close to everything including the Westfield shopping centre, the golf club, schools and parks. It will be rented back by the builder until at least July 2012 at 8% of the contract price.
Check out the WEB SITE
ALSO AVAILABLE – (Rental periods vary – Email for more information):
Griffin – villa – $385,000 – Rent back $444 per week
Griffin – low set – $445,000 – Rent back $513 per week
North Lakes – two storey – $750,000 – Rent back $1,153 per week
Birkdale – low set – $695,000 – Rent back $1,069 per week
Birkdale – two storey – $775,000 – Rent back $1,192 per week
Sippy Downs – low set – $459,000 – Rent back $706 per week
Coomera Waters – $869,000 – Rent back $1,336 per week