The opportunity is NOW to own a ripper of an investment property in Hervey Bay, officially Oz’s fastest growing city.
With speculation about the first home buyers grant ending shortly, new homes under $320,000 are being snapped up. There are currently only 20 blocks of land under $150,000 available in Hervey Bay and very limited stock if any will be available at this price in the future. Increased acquisition, development & constructions costs mean the days of $300,000 new homes are nearly over.
Opportunity of a Lifetime
We’ve negotiated with several developers to offer 15 blocks of land at $129,000 to $135,000. We’ve also arranged a deal with Hervey Bay’s biggest builder to build selected homes on these blocks for $140,000 to $155,000. The homes are fully finished turn key! They include fencing, turf, driveway, carpet, tiles, light fittings, EVERYTHING! Ready to rent or sell. The cheapest new home currently available in Hervey Bay is $309,000. There are only 5 homes under $320,000.
We sincerely believe that by the time theses 15 homes are constructed they could be worth between $320,000 and $330,000. Why? Simply because when the flood of first home buyers panic at the last minute looking to secure a home in case the $21,000 grant ends on 30th June, there will be nearly little if any homes at this price.
In a nutshell:
Your Costs:
| Land: | $130,000 |
| House: | $150,000 |
| Holding costs (interest, stamp duty): | $7,000* |
| All up: | $287,000 |
| Estimated value in 90 days: | $320,000* |
| Total: | $33,000 PROFIT* |
Or HOLD as a medium/long term rental property and watch your investment appreciate as Hervey Bay grows and as the economy improves. Current rental appraisal is $280.00* per week. This is obviously expected to rise as new home prices rise and rentals under $300* per week become scarcer. Even on current rental figures on $287,000 that’s roughly a 5%* return. Plus your rental home is in a city that experts are predicting will be the next hotspot.
FAQ’s
Q. WHY do you think the home that will cost me $287,000 will be worth more in 90 days?
A. Because first home buyers are not buying house and land packages – they want homes that they can walk through or at least see under construction. They will pay a premium to do this – they are intimidated about going through the building process and want a simple transaction – one contract and the home they’ve walked through gives them confidence. Also as stated earlier, there is hardly any homes left at this price range now let alone when the grant ends. We also believe that many investors looking for rental homes will snap these up over the coming months to avoid missing out due to the anticipated sales to first home buyers.
Q. How long will it take to build the homes?
A. About 4-5 months
Q. Can I sell the home while it’s being built?
A. Absolutely. We expect that as stock becomes scarce at this price range many investors will sell for a quick profit.
Q. Are there any hidden costs?
A. None! - We recommend if you’re interested in this opportunity to make a time to inspect the land and view the house plans. Then if you’re keen, take the proposal to your accountant and get them to analyse it.
Q. Is it going to get complicated?
A. No - If you’re going to proceed you sign: 1. An agreement to buy the land from the developer (PAMD contract for houses & land) 2. An agreement to build the home with the builder (BSA contract). We do the legwork for and if you decide to sell you can use us or any agent to sell for you.
Q. How do you get paid?
A. We are a licensed real estate and we get paid the standard commission from the developer and builder. There are no hidden commissions or fees - this is simply a promotion which allows us to sell a quantity of land quickly.
The Developer sells land, the builder a house, you get a great price, we get a commission - WIN, WIN - WIN.
Q. What more documentation can you supply to substantiate your figures?
A. We can fax or email or post copies of
1. Land Price lists for estates in Hervey Bay
2. R.est.com printout of new homes for sale in Hervey Bay under $320,000
3. Rental appraisals from 2 independent agents.
4. House plans and turn key inclusions list
5. Photo’s of similar homes just completed
6. List of all new spec homes available in Hervey Bay
7. Copy of House contract & land contract
8. Press articles confirming expert opinion on Hervey Bay’s projected growth and reasons for investment opportunities in local real estate.
Q. Can I or my family buy more than one?
A. Yes, we believe buyers really look into this will see the value in multiplying the investment - remember there’s only 15 blocks, once they’re gone - that’s it.
We Challenge You
We’re so convinced that this is the best low commitment real estate deal in Hervey Bay - (possibly QLD!) That we challenge you to find a better one - if you can we’ll pay you $1000 for your efforts. The criteria is it has to be
1. A new home
2. Fully finished on the land
3. 3 bedrooms plus
4. In Hervey Bay
5. Under $287,000
The opportunity is NOW!
Not tomorrow - not next week, we’re advertising this throughout Australia. Where did you see it advertised? These homes could already be sold as you’re reading this! Don’t let another opportunity go by. Pick up the phone now and phone Cam on 0418 877 973.
Do you know what’s one of the most common comments we hear in real estate, "I could have bought that for $.......... ?" Don’t be one of the many fence sitters who will undoubtedly say at some point in the future. "You know I could have bought a brand new home in Hervey Bay for $287,000!" Phone Cam now on 0418 877 973 if there’s some homes still available we’ll express post you all the documents mentioned in the FAQs.
*All figures mentioned are approximations only