This article is from the Australian Property Journal archive
DEVINE has launched a new residential investment division to provide investment-oriented products.
Devine’s residential investment general manager Glenn Moat said the new division would address a long-standing need in the Queensland market for an integrated investment product that would satisfy the needs of investors.
“This new division will provide that assistance by supplying homes that are purpose-built to be ideal for renting, as well as market research to better inform our customers’ investment decisions,” he added.
Moat said the number of properties available to investors in each Devine project was limited due to a number of factors including strong demand from owner-occupiers, the sale of some lots as land-only, and the construction of homes by other builders that were targeted at owner occupiers.
The specialist services that the division will supply to investors include depreciation schedules on each property to make it easy for buyers to do their tax, rental appraisals on each property, suburb profiles and market appraisals.
Properties supplied through Devine residential investment will be sold on a turnkey basis with nothing more for buyers to do and an above-average level of inclusions.
Australian Property Journal
