You may have heard that the Halcyon development in Subiaco is offering a guaranteed 5% rental return for 2 years as part of our amazing developer incentives.
For investors, this means you will be be receiving rental income, like there is a tenant in your new apartment from day 1!
But what does this mean for an investor?
This means you will receive a guaranteed rental return for 2 years to remove the stress of finding a tenant while putting you in an even better cash-flow position.
Even if you don’t have a tenant to occupy your apartment from day 1, you will already be reaping the benefits.
Set and forget investing
The new Halcyon apartments are designed as easy and low on costs to maintain. Strata costs are often much more affordable than the costs of maintaining lawns, gardens, maintenance and insurances, that come with a land component.
Everything is tax deductible within an apartment, so it offers a higher yield potential. The land component, in a house and land investment, is not tax deductable, so apartments are a lot more investor friendly.
Stress free investment property
Halcyon are removing the stress of having to find that first tenant, while putting you in a great cash-flow position.
We have some amazing deals at Halcyon Subiaco including 100% off your stamp duty and a 5% rental guarantee for 2 years. What’s more, our investment experts can walk you through the key strategies that you can use to your advantage when buying off the plan such as, timing your purchase, buying at the right price, how to attract the right type of tenant to maximise your returns, and much more.
Is a Subiaco apartment a good investment?
A well-heeled and vibrant neighbourhood just on the doorstep of Perth, Subiaco offers beautiful Victorian houses, modern townhouses and contemporary apartment living. Subiaco has a population of 9,196 people and 35.95% of its occupants live in rental accommodation (Real Estate Investar). With a construction boom currently underway, Subiaco is being tipped as the place to invest in 2020.
If you are looking for an investment property, consider houses in Subiaco rent out for as average $630 PW with an annual rental yield of 2.7% and units rent for an average $420 PW with a rental yield fluctuating between 4.62% and 5.3%. With median property prices over the last year range from $1,200,000 for houses to $415,000 for units (Realestate.com.au), it is easy to see that a unit (or apartment) will provide a higher rate of return, for a much lower upfront investment.
Priced from just $330k, Halcyon Apartments offer strong capital growth. Add in the tax benefits for new investment properties and this investment is poised for success.
What is the investment potential of Subiaco?
Subiaco currently yields an average 4.78% return on rental properties (Smart Property Investment). Over the long term, Subiaco rentals prove a sound investment, with a solid rate of return with lower than average vacancy rates.
Source: SQM Research
Subiaco vacancy rates are lower than metropolitan average and declining, while weekly rents remain stable at a higher yield than the Perth average.
Source: SQM Research
Halcyon will be the X Factor in your portfolio
As if the vibrant location, proximity, and the stunning quality of the new Halcyon development weren’t enough, Celtic Capital Properties have some further incentives:
- Guaranteed 5% rental return for 2 years,to remove the stress of finding a tenant, while putting you in an even better cash-flow position.
- Finance options available to assist with 10% deposit. (Terms & conditions apply)
- 100% off your stamp duty costs – a saving of up to $50,000!Alongside the State Government’s introduction of a 75% stamp duty rebate of up to $50,000 for pre-construction off-the-plan apartment purchases, Halcyon developers have sweetened this even further by offering to cover the remaining 25%.
This limited time offer is exclusively available to future Halcyon investors only, ensuring you the best return potential whilst helping you secure a boutique apartment, in a prime investment location.
If you’re currently in the market looking to purchase brand-new off the plan, talk to one of our investment property experts today.