Collyer Property Investments
Frequently Asked Questions
Why should I consider building a brand-new investment property instead of buying established…I would really like the rent money coming in immediately?
This is the most common question we face. We believe an investment property should be all about the numbers, and in our own personal experience the numbers are always better when you build. You only pay Stamp Duty on the land portion, which can save tens of thousands of dollars upfront, you can maximise tax benefits like Depreciation (talk to your accountant about how this may benefit you), you can often charge a premium rent for a new property, and building new properties such as a Dual Key property or Duplex can mean multiple income streams can be generated on completion.
There are so many horror stories about builders out there. Have you been working with your builders for a while?
Yes. All of our builders are very familiar to us and have continued to deliver and do the right thing by our valued clients.
Do you work all over Australia or just in NSW where you are based?
CPI works across Australia, with a track record of consistently identifying the right market at the right time. Currently we are enjoying various locations, each with its own unique benefits and price point.
Do we need to speak to a Mortgage Broker before we contact you?
It is always handy to have an indication of your borrowing capacity when we speak, however we are blessed to work with some amazing brokers that we would be happy to connect you with. By understanding your borrowing capacity, you will get a lot more value out of our first meeting. Some of our brokers have also become clients (they love the numbers our opportunities provide!), so can help you to understand their own unique experience in not only working with CPI, but also the best banks for construction lending, etc. It is up to you who you choose to work with.
I’ve never built before. Will you guide us through the entire process, or does this stop once construction begins?
Great question! CPI will guide you throughout the entire process, even after completion when it comes to helping you to get tenants in your investment property and arranging your Depreciation Schedule (which will become your new best friend). For as long as you need us, we will be there.
What separates you from other project marketing companies?
Experience! Coming up to 14 years in the property industry, nearly half of which has been spent in the construction space, in addition to personal experience building new investments properties. With CPI you can rest assured you are in good hands.
Is it common to invest outside my local area?
YES! This is becoming more and more common. Many years ago, investors sought to buy local and keep an eye on things. Nowadays, investors are tuned in to the value that other locations can offer – affordability, great returns, high growth, and so much more.
How much deposit do I need to get started?
This is a question we face nearly every day, but it is best to ask your Mortgage Broker. Some clients have equity in one property or more which they wish to utilise, others have a deposit saved for their purchase or a guarantor option, and so on. Each situation is different, and you need to chat to the right professional. If you’re feeling stuck, we can connect you with someone.
What are some key things to look for when choosing a property or location?
There are many, and there is never a crystal ball we can look into that will give us the answers on what the future holds. Assessing the future growth prospects for an area, the vacancy rates, past data, and physically going to an area several times and seeing it for yourself are just some of the ways you can do your due diligence before purchasing. With many great tools available at our fingertips online these days, it has never been easier to do your own research. It is highly recommended you do that, not just so you can have confidence in where you end up purchasing, but so that you can have peace of mind.
How can we get started working with you?
The best way is to simply fill out the contact form here on our website, or give us a call. CPI’s approach is a little old school – we would love to meet you for a coffee and discuss how we can help.
Let’s Talk
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