3 Reasons To Buy Off The Plan
There are plenty of reasons to buy off the plan and we cover 3 of them in this video.
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By Darryl Simms
Video Transcript Below:
Today I will be sharing 3 Reasons To Buy Off The Plan property, plus an opportunity for you to download a free article with more relevant tips at the end of this video.
My name is Darryl Simms, Author, Speaker, Property Investment Specialist and the founder of Latte Property .
A lesser known reason to buy a new Off The Plan property is the increased tax depreciation that is available for Off The Plan properties. Increased depreciation means your holding costs will be much lower, as the tax man is covering a bigger portion of your investment property expenses. At Latte Property we have had great success showing property investors how to reduce their after tax contributions down to less than a latte a day.
With recent changes to the Australian Building Code, new properties must now meet stringent energy efficiency requirements. The benefit of this is that with the increased cost of Gas, Water and Electricity, tenants are now actively looking for and sometimes demanding energy efficient properties. By purchasing new property you will meet this increasing demand from tenants. It is also much easier to find quality tenants with new, modern properties, as most tenants prefer to live in a new property if given a choice!
Lastly, Buying Off The Plan is one of the easiest ways to get into the property market, as you only need to put down a 10% deposit to get started. The remaining balance and/or finance is not required until construction has been completed. With construction taking between 6 months and up to three years on some projects, this gives you extra time to save and put more towards your new property. With more savings to put towards your new property you will be able to borrow less and therefore your loan repayments will be much lower.
Today’s video was a small sample of content from our article, 7 Reasons To Buy Off The Plan Make sure you Download your Free Copy today, via the link below
thanks for watching and i look forward to seeing you inside our next video
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7 Reasons For Buying Off The Plan
Ask Darryl If you would like to discuss more reasons to buy off the plan