Canberra investors buy off the plan

Canberra investors buy off the plan

22 July 2011 by Staff Reporter 0 comments

Staff Reporter

More investors in Canberra are opting to purchase new residential units and apartments off the plan, Colliers International have claimed.

“Colliers International has seen significant presales of apartment developments in Kingston, Barton and the City with many Canberrans reaping the benefits of buying off the plan”, Colliers International director of residential project marketing, Derek Whitcombe said.

As Canberra’s values rise and confidence in the market continues, Mr Whitcombe believes off the plan sales will continue to be popular choice for investors, first home buyers and a large number empty-nesters.

“They find buying off the plan suits them ideally because it can give them up to two years to get their home into the best possible state to go to the market and enables them to utilise capital growth in the value of their home whilst waiting for the construction of their new apartment,” he said.

Staff Reporter

More investors in Canberra are opting to purchase new residential units and apartments off the plan, Colliers International have claimed.

“Colliers International has seen significant presales of apartment developments in Kingston, Barton and the City with many Canberrans reaping the benefits of buying off the plan”, Colliers International director of residential project marketing, Derek Whitcombe said.

As Canberra’s values rise and confidence in the market continues, Mr Whitcombe believes off the plan sales will continue to be popular choice for investors, first home buyers and a large number empty-nesters.

“They find buying off the plan suits them ideally because it can give them up to two years to get their home into the best possible state to go to the market and enables them to utilise capital growth in the value of their home whilst waiting for the construction of their new apartment,” he said.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
William Phillips on how agents can expand their database and grow their business

In this episode of Secrets of the Top 100 Agents, host Tim Neary is joined again by William Phillips to discuss the real estate database and...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
upcoming events
REB Awards
Sydney The Event Centre 12 Sep
REB Awards
Sydney The Event Centre 12 Sep
Melbourne The Event Centre 14 Oct
Brisbane The Event Centre 18 Dec
View all events
Do you have an industry update?