There’s something very special about moving into a brand-new family home. You’ve seen it being built, you’ve had a say in how it looks, and now you’ve got the keys in your hand.
However, what many people don’t realise is that house and land packages are also fantastic investments with distinct advantages over established properties.
Here are our top ten reasons for making a house and land package your investment of choice:
- Savings on stamp duty
Stamp duty is the dreaded extra tax you pay to the government when purchasing a house. However, with new builds, there’s no transfer of ownership, so stamp duty does not apply. - Attracts quality tenants
Investors want tenants who will look after their property. The good news is that quality tenants are typically attracted to new-build homes. In addition, families looking for longer-term stable accommodation will also prefer a new build. - Higher rental returns
While rental yields will fluctuate with the market, they are also driven by the quality of housing stock. Discerning renters will pay a premium for new-build homes as they are in top condition and less likely to require maintenance. - Depreciation benefits
As a new build owner, you’ll reap the rewards at tax time. That’s because you can claim the full deduction for the entire building structure cost over forty years. This differs from owners of established homes as they can only claim the remaining years available. - Low maintenance costs
We all know home ownership costs don’t stop at the point of sale. However, with a new house and land package, your maintenance costs will be much lower than those of an established home. This is particularly true in Australia, where all homes must be built to high industry standards. - Construction to Australian standards
Australian construction standards are some of the best in the world. Not only can you be assured of receiving a safe, high-quality home, but you can also be confident the quality will last and serve you well when it comes to selling your home. - Covered by home warranty insurance
Home Warranty Insurance covers all newly built homes. In Queensland, the insurance lasts 6.5 years and pays up to $200,000 on claims. - Opportunities in high-growth areas
House and land packages tend to become available in high-growth areas. That means not only are you investing in a quality product, but you’ll also reap the rewards of improving land values. - Energy efficient dwellings
New house and land packages must be built to a minimum 7-star energy rating. That means they are more energy efficient and comfortable to live in than many established homes. With power prices rising, energy-efficient homes are incredibly attractive options for investors. - Standardised inclusions
The great thing about investing in a new house and land package is that many builders now include high-quality features as standard inclusions. For instance, Bravo Homes offers house and land packages with an abundance of quality standard inclusions such as full fencing, landscaping, roller blinds, safety screens, and stainless steel appliances.
Whichever way you look at it, a house and land package is one of the most desirable options for investors. Talk with us today about our Bravo Home listings and how they could be a great addition to your portfolio.