Off The Plan Investment Property - Unreal Property

The Off the Plan real estate market in Victoria

Most investment properties promoted by Unreal Property are "off the plan".

This is popular in Victoria as stamp duty on the transaction is assessed on the land value component at the time the sale was entered in to. This can result in substantial savings in stamp duty- often ten's of thousands for highly priced property.

Off the plan purchases and new properties have the following additional advantages over established homes:

1. Potential for Capital growth between date of contract and settlement.

2. More attractive to tenants: rent quicker for more.
3. Building warranties with no maintenance isssues for 5 years.
4. New properties maximise depreciation allowances: assists with cashflow.
 

Overview of the off the plan/ investment property market


Off the plan/property investment sales are often handled by specialist’s investment groups. Frequently they are not real estate agents at all but organisations who market investment property either as their main business or as a sideline.

They include financial planners, accountants, mortgage brokers or investment property "specialists". There are also investor and subscription based clubs. Collectively these groups run seminars, advertise and tele-market etc in addition to marketing to an existing client base. They often claim things like exclusive access to the best available stock, or organise discounts or add-ons which distinguish them from other investment property sales organisations. Sometimes these claims are true and sometimes not.

This network source properties directly from developers or through property wholesalers. Investors are generally unaware of anyone receiving a commission other than the company they are dealing with. For instance there is one company in Australia which wholesales via a network of 1300 financial planners, accountants and mortgage brokers. This probably makes them the largest agent in the country but few have heard of them. If you choose to buy from an accountant, they are probably getting their stock from this agent.