RESIDENTIAL HOT SPOTS YIELD OPPORTUNITY
Written on the 27 September 2011
HOMES on the Sunshine Coast may sell from as little as $380,000 but most average Australian couples on a household income of at least $60,000 are looking for a $400,000-450,000 four-bedroom house, according to Dwyer Quality Homes investment consultant Jason Dwyer.
“They want a good estate, close to the beach with reliable public transport near shopping centres. The most popular suburbs (Sunshine Coast) are around Caloundra, Mooloolaba and Kawana – master build communities with new schools, shopping centres, canals and lakes,” says Dwyer.
The builder is offering new owners guaranteed rent revenue, even if there is no tenant during the first three years.
“We are the builders and the property managers, so we maintain the building ourselves. We take bonds from tenants, interview them and can use the bond towards outstanding costs,” says Dwyer.
“You can own an investment property by using the rent to cover 54 per cent of the loan interest. Tax benefits can cover a further 35 per cent, leaving just 11 per cent for the owner to cover.”
Property Queensland CEO Graeme Shiels, says the Federal Government’s National Rent Affordability Scheme has lured non-investors into the property market.
While new home sales have hit a 10-year low and interest rates are on hold for the foreseeable future, savvy investors are finding conditions favourable to take advantage of Queensland’s property hotspots in Ipswich and the Sunshine Coast. Read more by getting your copy of Brisbane Business News' annual Top Private Companies edition – out now in more than 500 greater Brisbane newsagencies.