There are many benefits to buying a duplex off-the-plan and building; here are just a few:
Often you are signing a contract for the land months before the land is complete and has titles. The price is secured and any increase in values is to your advantage. Especially if you are buying in stage one of an estate.
This can be a large cost when purchasing a property. If you buy a duplex as a house and land package, you only pay stamp duty on the land and not the build, so this is a great saving. It’s money in your pocket, instead of the Governments!
The ATO allows investors to claim depreciation as a tax deduction and new properties have a greater depreciation level.
New properties must meet very strict energy efficiency requirements, which reduces power bills and provides a greater level of comfort for residents.
Repairs and maintenance
A new duplex won’t have the same repairs and maintenance costs as an old property and is covered under a builder’s warranty for six to twelve months.
Whether you are an owner-occupier or an investor, you can receive an income from having two dwellings. An owner-occupier can live in one and rent out the other to supplement their income, or an investor can rent out both to have positive cash flow.
Duplex house and land package options
If you would like to know more about our duplex investing buy and hold strategy, go to Vizion Group’s home page, and request your copy of ‘Step by Step Guide to Duplex Property Investing’ eBook.
If you have any questions contact us to arrange a detailed conversation with our team to better understand how investing in duplexes can grow your property portfolio, and we can provide you with current information about available development opportunities.
Vizion Group Qld
With over 20 years experience in property investment, Paula & Denis Harris and Tracy & Rudy Drent came together with the goal of helping others with a key focus on positive cash flow properties for the first time investor or for the experienced investor looking for that unique asset that complements any portfolio.