How to get 6% leaseback for 12 months
(and your dream home too)
Many residents are already choosing to call The Heights Kardinya home – and it’s easy to see why. With a mix of stylish three and four-bedroom, two-bathroom house and land packages located in a prime location less than 8km from Fremantle, this lively estate offers a range of smart investment options.
Now an even bigger opportunity has opened up for a savvy buyer looking to get the most out of their investment. Developer Pindan has just compelted a stunning brand new double storey display home on Lot 11 at The Heights. Not only is it well priced at just $679,000 – you’ll also reap the rewards of a 12-month leaseback at a highly attractive 6% rate.
Not familiar with this type of investment option? Here’s a quick rundown.
Display homes are built to show off what builders can deliver, allowing buyers to get a feel for the different floor plans, inclusions and finishes in real life. By selling the display home to an investor and leasing it back at an attractive rate, the developer or builder benefits by having the initial capital outlay covered, while the buyer benefits enormously by enjoying the holy grail of investment – strong yield and the opportunity for capital growth.
By buying Lot 11 at The Heights, your investment will generate a guaranteed yield of $783 per week, for a full year, right away (there is no vacancy period). That’s a fantastic head start before you transition into leasing it out to the general public, or moving in yourself.
Then there’s the ongoing capital growth, which is maximised in a number of ways.
With display home investments, your property:
Is cash flow positive as soon as it is completed. You can use this capital to pay down your loan, or fund further investments
Is often located in an area with a high uptake of owner occupiers, which is known to drive up demand
Is usually on a street that features other well-maintained, high quality homes, which can boost the value of properties in the area
Has more extensive landscaping than standard homes with gardens that are well established by the time the leaseback period ends (just in time to rent out or move in)
Is built to a premium specification, which should attract higher quality tenants after the leaseback period ends
Leaves you with nothing extra to pay (the developer or builder will cover maintenance and insurance)
That’s great news if you’re not quite ready to move in and want to benefit from a no strings attached supplementary income of $783 per week for a full year. You won’t have to lift a finger - just sit back and enjoy your 6% leaseback for 12 months, then choose to either rent out your home or move on in.
The home design being built at Lot 11 at The Heights Kardinya offers an easy modern lifestyle, with a double garage and open plan living on the ground floor, complete with alfresco area for entertaining friends and a master suite tucked away at the rear. With three bedrooms upstairs served by a second bathroom and activity area with its own private balcony, you’re in prime position to grow as a family in a suburb that’s ranked as one of Perth’s top ten most tightly held suburbs.
And that’s not all. As the home will be used as a display home during that time, you reap the benefits of it being handed over, fully finished to a premium level.
Upgrades from standard specifications include:
Overhead cupboards, integrated rangehood and splashback to kitchen
Vinyl plank flooring to entry, kitchen, dining, lounge & hallway
Double undermount sink to kitchen
Ducted reverse cycle aircon throughout
Holland blinds throughout (excluding wet areas)
Skirting boards throughout
Caroma toilet suites, back to wall.
This really is an ideal property investment opportunity in Perth. Just imagine – a brand new two-storey home in The Heights Kardinya estate, with some of Perth’s best boutique shopping, cafes, bars and entertainment venues nearby, along with some of Australia’s most pristine beaches, convenient public transport and freeway access direct to Perth CBD, finished to premium specification, and leased back at a huge $783 per week for a full year.
With two 6-month leaseback options, this really is a no brainer.