*Terms & Conditions apply. Minimum rental return of 2 years applicable to selected homes only. .Annual earnings based only on a leaseback of up to 7% and does not factor in any mortgage repayments, interest rates, insurance, rates and service charges or body corporate fees. *7% available on all homes excluding Pasadena 52 display at Kinley Estate Lilydale which is 6%. Earnings figure based on leaseback percentage of advertised purchase price of selected Boutique Homes display homes in selected locations across Victoria. Image used is for illustrative purposes only and may show decorative items not included in the purchase. Block and building dimensions may vary from the illustration and the details shown. Medium rental return figures sourced from Real Estate.com.au For more information on the pricing and specification of this home please contact a New Homes Consultant. The building practitioner is ABN Group (Vic) Pty Ltd trading as Boutique Homes, registration number CDB-U 49215. ABN Group Victoria has permission of the owner of the land to advertise the land as part of the price specified.

Buying a display home in Melbourne can be worth it for several reasons. Display homes often feature high-quality finishes, landscaping, and the latest design trends, as they were built to impress potential buyers. Additionally, they are typically maintained meticulously and are located in prime positions within a development. However, it’s important to consider factors like leaseback agreements and potential wear and tear from visitors.

Purchasing an ex-display home in Melbourne, Victoria, like any choice, has its pros and cons so it’s important to do your research prior to buying. On the plus side, display homes are often built to a high standard, with upgrades and enhanced features. They also come landscaped, decorated and with a guaranteed tenant, making it an easy investment.

When you buy a display home in Melbourne, it often comes with a leaseback agreement. This means the developer or builder leases the property from you for a period to continue using it as a display home. Once the lease expires or the entire estate is sold out, you can choose to move in, rent it out, or sell it. It’s essential to understand the lease terms and evaluate the return on investment prior to purchasing a display home.

An ex-display home is a property that was previously used as a display or model home for a residential development. Display homes are designed to present the best features and finishes available in a particular development and, once they’ve served their purpose, they are sold to the public.

A 5-6% leaseback refers to an arrangement where the builder or developer leases the display home back from the purchaser at a return rate of 5-6% of the purchase price annually. This is typically higher than average rental returns, making it an attractive incentive for investors. The leaseback period is pre-determined and might last until the development is completed.