Make your move
CIC Australia now has two generous offers in place designed to help purchasers at The Ambassador make the transition from an existing home.
Rental Return Boost – two-bedroom apartments
If you'd like to secure an apartment at The Ambassador but you're not quite ready to move in, CIC is offering a rental boost for up to two years to give you the time to line up your move. CIC will provide a fixed dollar top-up to your rental return (calculated on an average of $650 per apartment per week) to secure an estimated 7% gross return on the purchase price of your two-bedroom Ambassador apartment over two years. On a $795,000 apartment, for example, this would equate to a $43,700 top-up on your rent. This offer applies to two bedroom apartments only.
Bridging Finance – penthouses
You may want to take some time to prepare your existing home for sale and to sell at an advantageous time, but with so few opportunities remaining at The Ambassador, this may prejudice your chances of obtaining the penthouse of your choice. That's why we are prepared to cover the cost of bridging finance interest capped at 7% of the purchase price of your apartment, for a period of 12 months. This offer applies to penthouses only.
Here's another idea
Consider purchasing an apartment as an asset within your Self-Managed Superannuation Fund. Concessional rates of tax apply within superannuation, including no tax on capital gains if the property is sold during the pension draw down phase. For an independent assessment of your options you may wish to contact a qualified financial adviser.
Peter Hughes, Principal Consultant and Authorised Representative of Godfrey Pembroke Limited has offered Ambassador purchasers an initial consultation to evaluate your personal financial situation and offer advice on the suitability of a Self-Managed Superannuation Fund, at no cost.
To arrange an appointment by phone please call 02 6230 0800.
Further information
For further information about The Ambassador, or for a copy of our purchase proposal document, please call 02 6230 0800.
*Note: The proposals on this website do not represent financial advice and intending purchasers should make their own assessments and seek independent financial and/or legal advice.
