43-49 Peerless Avenue, Mermaid BeachView
Looking to purchase a property but not sure if you should look at an older existing property, something brand new turnkey or to buy off-the-plan? There's a lot to think about when you're looking to invest - whether it's for a home to live in or for investment purposes, it's important to do your research. Here's some quick information about the benefits of off-the-plan and if it might suit your circumstances.
Value – You lock in a brand-new property at today’s prices and by the time your property is completed you should be able to take advantage of an increase in its value through having additional equity in your apartment.
Reduce Your Costs – Only 10% is required as a deposit upfront and then you have time to continue saving until you settle which means you can borrow less and reduce your mortgage costs.
Lots of Time to Sell Your Home – If you’re moving into the apartment, you’ll have lots of time to sell your home, taking a lot of stress out of the home selling process.
No Duty Until You Settle – You don’t have to pay stamp duty until you settle. If you buy an existing property Stamp Duty is due within 30 days of settlement. And the added bonus with off the plan, is that stamp duty is calculated on the contract price – not on its potentially increased value at settlement.
Low Maintenance – It’s brand new, so maintenance is going to be super easy. Even easier knowing that Mosaic maintains its properties for at least 25 years – so your apartment will be in top shape for life!
Tax Advantages – If you’re renting it out you may be eligible for tax deductions such as depreciation and wear and tear which are generally higher for new property.
Higher Rental Yields – Tenants are more likely to be prepared to pay a premium for a high quality new apartment.
Early Access for Your Tenants – Using our property management arm gives you the best chance of getting a high-quality tenant at the highest possible rent earlier, because they have access to your lovely new property before it settles.
Better Locations – Apartments are typically located in high urban amenity areas closer to existing and future infrastructure, meaning they are far more likely to experience value uplift associated with strong public and private investment.
It’s How People Want to Live – The population is increasingly drawn to the lifestyle afforded by higher density environments including restaurants, shopping, transport and schools. Apartments also typically provide far greater amenity, less maintenance and better security.
Government Investment – Providing infrastructure to outer suburban fringe areas where detached housing typically exists is cost prohibitive. Investing in infrastructure in densely populated areas with apartments makes good economic and political sense.
The Preferred Asset Class – Australian investors strongly favour apartments, with CoreLogic reporting that investors favour apartments over detached housing by around three times. This percentage has grown considerably in the last decade.
Recognition – Mosaic was the most highly awarded developer in Queensland in 2018 with its apartment projects recognised by multiple highly regarded industry bodies for design, quality and liveability.
Track Record – Mosaic has successfully delivered more than 40 projects in SEQ in the past six years alone and Mosaic has never once failed to deliver a project.
Quality – Mosaic designs with the Owner Occupier in mind with bigger, functionally designed apartments with high quality fixtures and fittings that people want to live in.
Enduring Value – Mosaic delivers every stage of the project from research and acquisition through marketing and sales, to construction, property management and maintenance. They are with you for the life of the building.
One of the Gold Coast’s premium suburbs, Mermaid Beach, is seeing continued momentum in capital growth and national demand, particularly from Sydney and Melbourne buyers. Despite prestige property cooling off slightly across the country, recent sales in Mermaid Beach’s Hedges Avenue prove there is still a strong appetite for buyers.Read more
Brisbane is in high demand in property searches across realestate.com.au, with overseas interest from Asia and New Zealand but also the largest increase from the UK that has ever been seen in Australia. Specifically, Windsor and Indooroopilly are seeing strong demand, included in the top 5 most searched suburbs on realestate.com.au.Read more
With a massive $20 billion boost to infrastructure, the area has entered a new era of sustained growth. Already Queensland’s strongest real estate market, the Sunshine Coast is the 10th largest significant urban area in Australia and in recent times has experienced higher percentage population growth than Sydney.Read more
Brisbane’s property market has been forecast to outperform Sydney and Melbourne this year, enticing interstate migration with its lower-priced entry points.Read more
In Knight Frank’s recently released The Wealth Report 2019, the Gold Coast was listed as one of only five Australia hot spots in the world’s top 50 cities for prestige market performance.Read more
The significant level of public and private investment committed to the Gold Coast represents a strong opportunity for residential investment returns to be maximised.Read more
A shortfall of 15,500 apartments is predicted by 2023, with current supply absorption driven by a strengthening of the local economy, increasing population and a robust rental market, all of which will help inner Brisbane’s property market transition into a new growth cycle.Read more
Downsizers, professional couples and families are looking to apartments on the Gold Coast, as traditional detached residential housing is being passed up for apartment living in the area.Read more
New figures from the 2016 census confirm that Brisbane is following the same trajectory as Melbourne and Sydney in terms of the composition and distribution of the metropolitan area.Read more