The two brands are making an unheard-of offer to investor and owner-occupier buyers by covering a significant portion of the cost of future interest rate rises, which will help reduce the mortgage costs for buyers should the Reserve Bank of Australia lift the cash rate. In collaboration with the project team, the developer has come up with a unique offer of allowing purchasers of these resort-style apartments to be insulated from increased interest rates, with Piety Group covering any increase in the interest rate of up to 1% over the next two years.
The offer applies across the range of 1, 2, and 3-bedroom apartments at the brand-new resort-style ONE the Waterfront complex located at Wentworth Point, with prices starting as low as $599,000. They make for an attractive lifestyle choice and investment option with a strong appeal to the Sydney rental market.
James Quigley, Managing Director of Piety Group, said: “In recognition of recent rises in interest rates and the prospect of further increases, Piety is offering to help purchasers with this interest rate support. With Sydney’s apartment market holding strong and traditionally enjoying high demand and capital growth even during subdued market climates, these apartments, in conjunction with this first-of-a-kind interest guarantee from the developer, put an obvious spotlight on the ONE the Waterfront complex.
Investors and people looking to step into the property market are looking for the best deal from their mortgage brokers, banks, and developers yet face uncertainty around looming interest rate rises.
There is fear and uncertainty in the minds of prospective buyers in the market with the recent news of interest rate hikes as the RBA tries to rein in inflation. There has been uncertainty – however, we know from experience this is likely to be a short-term rate hike for buyers, and our offer can help overcome this.”
Sam Elbanna, Project Director at Laver Residential Projects, says this is a fantastic initiative: “This is the first of its kind that I can recall in the Sydney market, and I think this will give people confidence and, more importantly, peace of mind when buying.
As an industry-first, Piety Group, in conjunction with Laver Residential Projects, selling and marketing the newly completed apartments at ONE the Waterfront in Wentworth Point, are bringing peace of mind to apartment buyers in Sydney. We believe this direct cost saving will appeal to both owner-occupiers and investors alike.”
Written by: Matthew Thomas
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