Why smart investors are choosing off the plan apartments and townhouses.

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Investing in property has long been viewed as a solid, sensible investment - housing fulfils a basic human need, after all. But not all property investments are created equal.

Here, we take a closer look at what makes off the plan townhouses and apartments such a smart option for investors.

Save on stress

Off the plan apartments and townhouses are typically constructed from set plans that have been created explicitly for broad appeal. With these set plans comes minimal input - which saves you, as an investor, from the gauntlet of decisions that can come with other types of new homes. With the design and construction process well taken care of, you can literally ‘switch off’ until the completion date nears and it's time to find tenants.

“From the point of visiting the Sales Centre, all the way through to settlement, it’s been such a smooth process.” Callan and Anna, Grace Apartments purchasers.

Price-point pros

These properties generally come at a more affordable price than freestanding family homes. This can provide you with an entry point into the property market or allow you to secure real estate in a more desirable area that may have been out of your budget with existing homes. Read more about choosing the right location for your investment property here.

Maintenance and upkeep savings

Forget factoring in any costly repairs in the immediate future; new apartments and townhouses will come with some warranties on the build and fit-out. And thanks to their efficient footprint, exterior maintenance costs are minimal.

Ready to rent

Prospective tenants will be lured by the plush new carpet underfoot, and you’ll benefit from the property being built to current building code requirements. New apartments and townhouses are popular rentals, allowing you to attract a higher calibre of tenant.

Financial benefits

Off the plan apartments and townhouses typically require a small deposit upfront, with the balance payable at settlement once the build is complete. This means you’ll have more time to save funds and won’t have to worry about mortgage payments until the property is ready to rent out.

In addition, investors can claim depreciation on the cost of a new build (and any fittings) once the property is generating an income. A good property accountant will assist with this.

Interested in finding out more on the nuances of new build finance for investors? Read how new builds stack up for property investors here.

Smart investors choose a trusted developer

Whether it’s your first or tenth investment property, having an experienced and trusted developer in your corner is crucial. With a proven track record spanning over thirty years, Cedar Woods can provide you with access to quality apartments and townhouses in desirable communities across a range of budgets, yields, and build timeframes - taking a lot of the guesswork out of smart investing.

Our eBook, buying townhouses and apartments off the plan in a Cedar Woods Community, will walk you through the entire process. You’ll discover whether townhouses or apartments are the best option for you as an investor, how to select the right community and gain insight into the financial intricacies of buying townhouses and apartments. Download it now.

Buying your first home?

Buying your first home?

Buying a new build property as your first home has many advantages over existing dwellings. Learn all the benefits and get tips to help you decide on your first property by downloading our comprehensive guide for first home buyers. 

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