Sydney’s real estate market continues to thrive despite the Covid-19 pandemic. While the prices dipped a little as the market deals with the volatility of the economic landscape, nine out of the ten of the most expensive Australian homes are located in New South Wales’ capital. But living in a posh abode does not have to be extremely expensive. You can invest in luxury display homes in Sydney to have your dream home without breaking the bank.
But like all property investments, buying a luxury display home needs plenty of thorough considerations. If you are still uncertain if this type of property is the best option for your investment, these facts can help you make a solid decision.
Why Invest in Luxury Display Homes?
Real estate properties can be one of the most lucrative investments, especially if you are fortunate enough to get one in Sydney’s prime locations. But aside from spending money on the home, you may also earn a lucrative amount of money from this venture.
When you buy one of the luxury box hill display homes in Sydney, you may obtain a guaranteed rental deal of at least 12 months up to a maximum of two years. It will also allow you to generate positive income with an exceptional leaseback agreement worth at least 5%, which is significantly higher than the usual rental yields in Sydney, which is currently at 2.5%, according to Hedonic Home Value Index from CoreLogic.
Also, luxury display home investments allow you to forge a connection with tenants all investors would love to work with. The leaseback agreement with the builders ensures that your luxury property in Sydney is well-maintained. It will have regular visits from gardeners, cleaners, and professional builders to provide regular preservation and housekeeping.
Benefits of Investing in Display Homes
There are lots of perks that you can get from investing in a luxury home in Sydney. It includes:
- Acquiring a residential property that is better maintained than regular homes listed in the market. The condition of these houses is more preserved since no one lives in the property all the time.
- Getting home with additional features and other bonuses that other houses do not have. The builders might install these posh amenities to showcase what they can do so their possible clients can include them in their custom homes.
- Reduced prices, depending on the year the display home was built. It is often the strategy used by the builders to regain their capital so they can use it to fund their next projects.
What to Expect from Purchasing Display Homes
If you decide to buy a luxury display home in any area in Sydney, you will get everything you see inside the property. It means all the expensive furniture, latest appliances, and exquisite accessories will also come with the final price. Because of this, you no longer need to worry about hiring an interior designer or shopping for furnishings to complete the look of your new home.
Buying a house in Sydney can put a huge dent in your pocket. But if you aim to purchase a luxury home in the city, you need to add a lot more to your budget. However, you do not have to spend millions of dollars to purchase the luxury house of your dreams if you choose to buy a display home from a reliable builder.