Being the change you want .
The world's in a state of acute transformation. Economic, political and social structures are collapsing. Breakdown leads to breakthroughs. Better things are coming.
This week my dear friend who is a forex dealer, and his wife are on a little romantic getaway to Anchorage Alaska to watch the Northern Star and soak in the hot springs! Yes, during a world "financial crisis".
It is so easy to buy into the fear and the worry all around us about the economy today. And indeed the financial turmoil may get worse before it will get better. But it's never been more important to stand strong in the choices about the way we want to create our lives ...and actually demonstrate them. Live them despite what's going on 'out there'.
When we're living our dreams and purpose, despite external circumstances, we will not allow the things outside to affect us. It's taking the quote by Ghandi, "Be the change you want to see in the world" to a deeper level.
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Opportunities in November
We present below two powerful " Off - the - plan " opportunities. "Off -the-plan" purchase is made by an investor for a purpose, the following are some of the reasons :
- the investor has a plan to own a number of investment properties in a future time line. The plan may be to generate capital growth and passive income over time from these properties. For example, the investor may need to increase one more property in his/her portfolio in 24 months time. The investor would then contract into an "off-the-plan" property now to settle in 24 months time. The alternative is to wait till 24 months and go to the market at that time to purchase a property which may be priced higher. The investor may understand that buying "off-the-plan" now provides certain advantages such as "better price" and "a more powerful choice".
- "better price" - often developers price their "off-the-plan" sales benchmarked to prices competitive at the time of release of the "off-the-plan" sales, as they desire to reach determined target sales to propagate funding and market support for the project. However, with annual rising construction and labour cost and inflation, property tends to be more costly in future. The "off-the-plan" price may have risen at the time of completion.
- "a more powerful choice" - the development that is selling "off-the-plan" now, especially in the initial release period may have the best choices for floor plans, and aspects which may be sold out at completion. For the investors, the best entry price or affordability range may be obtained at this time and not later on.
- be ahead. For example the property settles in 24 months time. The investor has done his/her Investment Analysis. He/ she ascertains that with 90% funding from the bank and tax savings, $200 a week is required to hold the property. The investor is now 2 years ahead of settlement and starts to save $200 a week now for the property. When the investor obtains title to the property in 24 months time he/ she has a 2 year headstart of personal savings to fund the investment. The investor creates a 24 months working capital / safety buffer.
- using existing equity. Investors often have their jobs or business and at the same time invest in residential properties. While they work hard on their business and job, they engage their equity (in properties they already own) to also work hard for them. Investors could extract funds or finance from their existing property to place a deposit to secure an "off-the-plan" property. They evalute their affordability and the benefits to progress with the plan.
Investors buying "off the plan" necessarily evalutes risk. "How can one buy without seeing the physical property?" Investors mitigate this risk to an extent by :
- buying from reputable developers who have record of success, quality and reliability
- buying in positions with potential for strong capital growth. Such as "lack of land" , waterfront, attractive lifestyle and amenties.
- buying properties that attract an affluent market for continuing high rents and quality tenants.
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SOLEIL , meaning "SUN" in French. In Brisbane CBD. A waterfront property close ot water .
New residential properties are becoming rare in the CBD. More rare are waterfront properties in the CBD. Here is an opportuinty to own one.
Soaring 74 floors , SOLEIL will have 403 residential apartments and 33 retail and commercial suites.
SOLEIL completes in 2010 /2011.
Relative to "off-the-plan" new residential developments in the CBD, SOLEIL stands out on :
- affordability in a prime CBD position : well priced for the investor and owner occupier
- the developer has sound financial standing
- on a rare and precious piece of prime CBD waterfront real estate
Just released, there are great opportunities here.
From $352,000.
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COAST only metres to the beach at upmarket Broadwater Gold Coast.
On waterfront , a distinctive premium for capital growth.
The location is prestigous and upmarket. The location's lifestyle cafes and shops, amenities and setting attract the affluent. The position is scarce - not much more land to develop along that stretch that is only metres to the waters.
Affordable starting from $397,500. Imagine its value being on waterfront ten years from now.
Completing 2009 / 2010.
Just released it offers great opportunities.
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