Display homes continue to be sought out by investors. The combinationof high return, often at 7% or greater, the luxury fit out, top location and strong capital growth potential make these homes very attractive residential investment alternatives.
As an example, Law Property Australia is currently offering the beautiful home pictured for $595,000 in a new boutique estate on Brisbane’s bayside at Victoria Point. The home is built to an extremely high standard by one of Australia’s best builders and has actually been designed to achieve an extraordinary 8 star energy rating. With four bedrooms and a huge living area opening to a covered outdoor entertaining area, this would make a great family home – all within minutes of shopping, schools, sporting facilities or fishing and boating on Moreton Bay. The home is being offered with a 7% return or just over $800 per week for 18 months.
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 7.0% to 7.5%. 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.