Over the last 30 years, Metricon has built thousands of superior homes for home buyers. With high demand for rental properties, the time is perfect for individuals wanting to invest in property.
NSW Sales and Marketing Manager – Regina Barnes suggests that buyers are currently in a fortunate position due to low interest rates.
“For many the gap between paying rent and servicing a home loan is narrowing. The Commonwealth bank’s figures show it is now cheaper to buy than rent in 74 different suburbs and towns across Australia. First Home Buyer’s have a perfect opportunity to enter the property market with the increased Government Grant,” Regina suggested.
“The story is also bright for individual’s looking to invest. At Metricon all of our display homes are for sale. The opportunity to purchase our display homes with an attractive lease back arrangement of 7.5% per annum together with tax depreciation benefits makes many of these investments cash flow positive.
With interest rates still low, our display homes are a great investment. Metricon covers the expenses of rates, gas, electricity and insurance for the term of the lease. There are a number of Metricon displays for sale in premium locations across metropolitan and regional NSW, showcasing Metricon's latest designs including recent award winners,” offered Regina.
Industry figures indicate record percentage growth within Australia’s population and therefore demand for housing has boomed. The HIA released figures early this year highlighting two factors for this demand – very strong immigration and the decline in the number of individuals per residential dwelling.
“Research figures confirm that in 2010 - 90,000 new dwellings are forecasted to be built in NSW alone, which is 10,000 less than required. Immigration figures are expected to reach a record high of 230,000 this year which makes Metricon’s investment opportunities an ideal solution to keep up with this demand whilst also generating positive capital growth and rental income,” concluded Regina.
For more information – or for a full list of display homes for sale – visit www.metricon.com.au or phone 1300 METRICON (638 742).