When looking to invest in a property in the Hunter area, our client Michael found the 5-bedroom Barossa 3, in Brush Creek Estate, Edgeworth.
Looking to grow his investment portfolio, Michael found the convenience of everything included both valuable and attractive. With premium Fisher & Paykel kitchen appliances, quality fixtures and fittings, as well as a full driveway and landscaping included in the listed price, Michael could see the economic benefits of building with Complete and helped the decision-making process along.
Complete by McDonald Jones provides transparency between buyer and builder, ensuring that there are no hidden costs. Taking advantage of the fixed price guarantee provides certainty in an ever changing market meaning buyers can rest easy knowing there’s nothing more to pay until they receive the keys.^
“Historically I have undertaken residential investment opportunities with other builders, and I found that by the time the homes had been completed, I’d have paid majority of the mortgage off without having any rental income from it.”
“The benefit of paying the deposit with no progress payments was more than ideal for my business partner and I,” said Michael.
The ready-built schedule in which Complete was able to present the final product was another highlight that assured Michael he would have his brand-new house and land package available to market in a timely manner.
“We started enquiring on this property in February last year, with the house finalised by April this year, and have a tenant ready to move in,” Michael says.
As an experienced investor in the property market, Michael’s best piece of advice was to ensure you do your research prior to making an investment.
“Make sure that if you are investing in the market and want to purchase something brand-new, that you go with a reputable builder. For me, choosing to go with Complete by McDonald Jones was an easy decision, as their fixed pricing guaranteed no hidden costs that sometimes come about with traditional home builders.”
There are plenty of savings to be made by buying a fixed price turnkey house and land package. Be it the value of a brand-new product over an established, aging property, or the tax, depreciation and financial benefits afforded to investors when building a home with a separate land purchase.
If you’re in the market for an investment opportunity and looking for greater capital growth in the long run, speak with the team at Complete today.
^The fixed price deposit is offered on the package price with the balance required upon issue of the interim occupancy certificate.