Elite Property Investments

Elite Property Investments
Apartment - For Sale - Christchurch, South Island, New Zealand
Enquire On This Property
  2010 Completion - From £120,000
   
Calibre  
Christchurch, South Island, New Zealand

Bedrooms: 2

The Credit Crunch Solution - The Attractive Alternative!

The current global liquidity problem is having a huge impact on the ability of property investors to buy property. At the moment developers need investors more than ever but the problem is investors are unable to raise the money to invest and so the cycle continues. The 2008 credit crunch has produced and will continue to produce some of the best buying opportunities we have seen for over 15 years. Cash rich and deposit bond investors are going to be sitting pretty in years to come as they buy now property that developers are struggling to sell, often at huge discounts. Everything is on sale and you do not want to be the one that misses out.

So why is the Deposit Bond so attractive for off plan property? Buying off plan property involves securing a property with a cash deposit and then waiting months maybe even years for completion. By using Deposit Bonds, the buyer avoids the need to put up the cash deposit that would normally be required to secure the property. When closing time comes the purchaser will come up with 100% of the purchase price using finance and cash. Simply put, the buyer will defer the cash required now, allowing them to keep their funds working for them. The project below is a property bond investor’s dream.

Purchase in the first stage of Calibre and save between $50,000 and $100,000

Stage one of three is available for purchase now and offers sophisticated two bedroom apartments at an excellent price point for central Christchurch. The next two stages will be priced $50,000 - $100,000 higher than stage 1. These apartments will not be complete until 2010 so this is a fantastic opportunity for off plan investing with little or no money down.

Calibre is located in the well known suburb of St Albans; close to central Christchurch. It is a multi apartment development with stylish features, full security systems and generous outdoor living. Priced at $325,000 - $330,000NZD (£120,000 - £122,500) these apartments offer great value for money and include two car parking spaces, fridge/freezer, washing machine and dryer, as well as FREE window furnishings.

Pay only £200 now, nothing else until 2010 with deposit bonds

The developers have agreed to pay the cost of the deposit bond so you could secure an apartment in Calibre today with only a £200 application fee and pay nothing else until 2010. If you elect to pay with a cash deposit all that is required is 10% of the property’s cost. This money stays secured in a lawyer’s Trust account until the development is completed.

The rental guarantee means hassle free investment for you until 2011

The developers have such confidence in this development that they are offering a one year rental guarantee to see you through the initial renting phase. This is your chance to acquire a stylish investment property with no hassle for three years.

"Calibre is well priced to provide the best return to investors, from both rentals and capital gain"

Key benefits of investing at Calibre

* Invest in the initial stage 1 and reap the early investor benefits
* Stage 2 and 3 to be released $50,000-$100,000 higher in price
* One year rental guarantee
* Deposit bonds paid by the developer, investors have to pay only an application fee of £200
* FREE window furnishing package
FREE fridge/freezer, washing machine and dryer for the first 10 purchasers
* Full time onsite manager
* Excellent Location - inner city Christchurch
* Two bedroom apartments all come with two car parking spaces

Why you should Invest in Christchurch & New Zealand

* No Capital Gains Tax
* No Stamp Duties or land tax
* No Inheritance Tax in New Zealand
* Strong population growth
* Robust economy
* Economic hub of the South Island
* Hosting the 2011 Rugby World Cup
* Hosting the 2015 Cricket World Cup
* Strong demand for inner-city living
* Lower property prices than Auckland or Wellington

Christchurch is the second largest city in New Zealand and is steeped in tradition. It is the economic hub and international gateway to the South Island. It has solid population growth forecasts and a very robust economy.

Multi-Currency Lending

Multi-Currency lending is an exciting new avenue for borrowing money to invest in New Zealand real estate. In brief a Multi-Currency loan enables you to borrow the money for the property in a different currency. See below for the latest rates. Rates as at Friday, July 25, 2008

* GBP 6%
* EURO 6.14%
* USD 3.98%
* CAD 4.53%
* AUD 8.96%
* NZD 9.63%
* CHF 3.95%
* YEN 2.09%
* HKD 3.46%
* SGD 2.53%

This is a huge saving compared to the current interest rates in New Zealand and, by structuring your Multi-Currency loan effectively, you can make your New Zealand property cash flow positive.

Contact Us

We have an administration service which is designed to assist an overseas investor enter the New Zealand market with confidence. You will have access to a lawyer for your conveyancing, a mortgage broker for your finance and an accountant for your yearly tax returns. We assist in every step of the buying and holding process of New Zealand property.

For more information on this fantastic investment opportunity please click the enquiry link below and we will then email you further information and instructions on how to reserve an apartment.

New Zealand cities consistently rank highly for quality of life and safety, and also cost effective living. Christchurch is no exception, providing excellent opportunities for investors to take advantage of the clean, green image of New Zealand.

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Exchange rates 1 NZD = 0.72896 $ 1 NZD = 0.43975 £ 1 NZD = 0.48665 €
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