Starting the Search

Initially, James and Chloe were searching for an established investment property. They spent months attending inspections and making offers, believing any investment property would help them achieve their long-term goals.

Exploring Their Options

During the planning process, however, they learnt that changes in the investment landscape—including lending conditions, tax considerations, and government incentives—meant it was worth exploring alternative options rather than purchasing the first suitable property they found.

A New Strategy

After discussing their objectives with their broker and accountant, they decided that purchasing an off-the-plan property aligned better with their overall financial strategy. The newer property offered advantages that suited their circumstances, including potential tax benefits associated with a brand-new investment, lower expected maintenance costs, and a longer settlement period that gave them additional time to prepare financially.

The Outcome

Combined with the equity they had built in their home, this strategy meant they could continue their investment journey without waiting years to save another deposit. Instead of abandoning their plans, they found a solution that better matched their long-term goals and financial position.