Right Time to Invest in Housing Property in Northern Rivers
Investors are back on the property market, and they’re building in the Northern Rivers area.
In recent times, the Northern Rivers area has seen good market growth compared to Sydney and other locations that have seen values plummet.
“I think a few factors have fallen into place,” says Nicky Lowson of Stroud Homes Northern Rivers, “…the election falling favorably toward investors with negative gearing and the use of superannuation remaining a viable way to invest and gain tax benefits.”
“Then the banks also loosened their lending after making it viable again, and not to mention the low interest rates.” So, its no surprise those with the financial position to invest are looking favourably to the housing market again.
We ask Nicky why you should invest in building a new property rather than buy and existing one.
A custom detached duplex design
For new homes, we have the benefit of offering things like fixed price contracts, unlike renovations (which most investors don’t have the time to deal with).
You also get a brand-new home with all of the modern high quality products with warranties, and with Stroud Homes, we even add on guaranteed start and finish times.
PLUS no stamp duty, which is one of the biggest savings (only small stamp duty on initial land purchase). Investors can feel comfortable in planning their finances when the timelines and expectations can be set.
New home with a detached granny flat underway at Lennox Head
Also, compared to existing property, whether the investor is looking to sell or rent, you are unlikely to have any maintenance/repair issues and the rent for the same areas is likely to read a higher yield % in a new home.
A new home is often safer, cleaner, healthier, more sustainable and energy efficient than older buildings, and the potential for growth in equity is higher.
We can offer turn key packages with a modern colour palette, turfed and ready to rent on handover day.
These are fixed price contracts with guaranteed start and completion dates. As always, quality is insured with an independent building inspection before handover, so you can rest assured your financial investment is safe.
We build for interstate investors and these days it is easy to still keep them up to date with the build via phone calls, emails and they of course have a personal channel to I Detect and can watch their build on the cameras anytime.
We can build dual occupancy dwellings, attached or detached granny flats – the options are often depicted by individual estate covenants and council regulations.
We can also customise to suit the individual project.
A custom duplex design at Wollongbar
We are building dual occupancy and attached granny flats all throughout the Northern Rivers as people see the value and future options that a separate dwelling can achieve.
Completed Home with attached granny flat
Duplexes in particular are extremely popular for us right now with many more to come in Lennox Head.
The estates in Lennox have several Duplex zoned sites and investors can essentially get a two-for-one deal build, which is very appealing.
The Northern Rivers area has such suburbs are Byron, Lennox and Ballina areas that have seen a steady growth in the market making it a confident choice for investors and owner occupiers alike.
We are looking to advertise some new specifically INVESTOR House & Land packages soon, so if you are looking to invest in property, chat to us as they tend to move quickly, and with a waiting list!