People invest in our projects for many reasons. The major benefit historically has been the lifestyle associated with the product. Our projects are brand new, quality designed with state-of-the-art finishes, and generally boast magnificent sea views both internally and from the spacious balconies.
Whilst the lifestyle decision is important for many buyers the effectiveness of the investment plays a major role.
Generally investment in projects allows the following features
Generally a higher (net) yield 4 to 5% can be obtained through holiday letting as opposed to a net yield of perhaps 3% from permanent residential.
Owners have the added benefit of being able to stay in their own property whilst in Noosa, as opposed to being bound by a fixed term tenancy agreement on a normal residential property.
Generally the properties are tax advantageous, qualifying for a building depreciation allowance of 4% as opposed to a 2.5% on permanent residential.
The furniture and fittings can also be depreciated, generally at a rate of approximately 20% |