Investing Off-Plan

As an early adopter of bitcoin, you may be in the enviable position of reaping the rewards of your convictions with a considerable gain in value. As with any investment, the time may be right to consider diversifying your holdings and divesting some of your bitcoins into tangible, physical assets – with property being a serious contender to be added to your investment portfolio.

Many investors buy property off-plan and benefit from the capital growth of that property during the construction period. They may be in a position to take advantage of not only the property’s capital growth, but also rental income.

Investing off-plan will mean a leap of faith, but as a member of the cryptocurrency community you are not averse to pushing boundaries and taking risks. However, investing in property will not be the roller coaster ride that you experience in the cryptocurrency world – particularly if you invest wisely.

Buying off-plan means buying a property before it is built. For early investors taking this route, it means getting into the development at a discounted price and having the choice of selecting from a full range of properties. Bulk buyers will benefit from further discounts. As a rule of thumb, the earlier you invest, the better the price, the greater the potential capital growth and return on your investment. This means the greater the potential capital growth on the property over the course of the construction.

Investing in Australia comes with the benefit that the Government oversees the sales and marketing of all properties. Legislation protects those investing in off-plan projects. Dakabin Crossing is a Strata Title Community and the Scheme will be established under the Body Corporate and Community Management Act 1997 (“BCCM Act”) which is all described in the legal contracts and disclosure statements. The Buyer accepts title to the Lot subject to the requirements of these Acts. The developer is also subject to the Real Estate Regulatory Agency under the Office of Fair Trading in Queensland Australia and need to hold a registered real estate license.

Any payment they receive from off-plan property sales must go directly into an Escrow account. This account is audited by independent auditors and half year reports will be provided to the Office of Fair Trading. Upon certain construction milestones being reached by the developer, certain % of the funds will be accessed by the developer as per the contract. In the event of an emergency whereby the project is not delivered, the Escrow Agent of the project must take the required measures to preserve the rights of depositors and ensure that the project is completed, otherwise depositors are refunded their payments.

The advantages of purchasing off-plan with bitcoin at Dakabin Crossing include:

  • Projected 5% rental yield for investors with capital growth
  • Full choice of 62 townhouses, either 2, 3 or 4 bedrooms
  • Central location serviced by good schools, hospitals and onsite shopping mall
  • Developer with impeccable credentials
  • Funds received for the purchase are held in an Escrow bank account
  • Post construction services include interior packages and letting facilities also available in bitcoin
  • Low strata levies of $46-$52 per week to be paid upfront and deducted for tax purposes