Are you looking for an Investment Property?
We are currently marketing several properties in Queensland, with options in Brisbane, Gold Coast and Bundaberg.
With some of these properties we also have access to a 10 Year Rental Guarantee.
With the Sydney Market now becoming out of reach of many investors Queensland still offers a good investment option, with New House and Land Packages selling from $460,000.00.
Advantages in buying a House and Land Package is that you save on Stamp Duty. Stamp Duty is levied on the coast of the transfer. As this is done on the land only, you only pay Stamp Duty on the land component and not the entire purchase.
That means that if you buy an established property in Queenland for $460,000 you would pay nearly $16,000 in State Government Charges. The same purchase on a House and Land Package, (Assuming the land value was $200,000) would cost you about $5,800. Saving you around $10,000. in Government Charges.
Growth in Brisbane and the Gold Coast is running around 5.3% CoreLogic RP Data head of research Tim Lawless said he expected Sydney and Melbourne’s strong growth to soften in 2015, Brisbane property prices to outperform the other capitals, modest growth in Adelaide and Hobart, and a potential fall in Perth home values.
Another benefit to consider is the lower Land Tax implications. But as always we recommend you speak with your accountant for full financial and taxation advice.
For further information contact us now.