Project| Camelot House

The overview of the Camelot community

The type of house property: freehold house with land

House type: three bedrooms with one or two car parking

                  four bedrooms with one or two car parking

                  price range: over $469,860

Rental rate of return: approximate 4% of the house price per year

The suitable clients

If you purchase the property for investment, you need to hold it for a long time and have enough cash flow. Like this brand new development area, though the rental yield for the house with land is lower, the future capital gain can be expected due to the developing surrounding infrastructure and the relative increasing population. If you want to buy the house for dwelling and you prefer to buy a relative bigger space for the house and the land within limit budget, Camelot would be a perfect choice for you. Camelot has developed surrounding infrastructure, which could satisfy all your demands for general living standards.

Investment prospects

Camelot is a master planned residential community in the heart of the booming Northern Gold Coast growth corridor hotspot Coomera. Coomera is the brand new area developed by the government and its booming investment potential, population growth rate, infrastructure growth rate and job opportunity growth rate are all the top one on the gold coast. Camelot community is near the nature conservation, which could provide people with a good place to far away from the busy life. The first stage of the Coomera Shopping Center which is conducted by the government with 1 billion has been finished, its developing surrounding infrastructure will provide thousands of job opportunities, which will boost the increase of population and capital gains.

Geographical location

The real estate is near M1 highway, which is convenient for the residents to commute and have a holiday between Brisbane and Gold Coast. Residents can walk to the Coomera Shopping Center. There are pre-school education institute, primary school, senior high school, Tafe near Camelot. Drive to the new shopping center within 5 minutes, to Dream world theme park within 10 minutes, to Movie world, water world and other theme parks within 15 minutes.

Surrounding infrastructure

The surrounding infrastructure of Camelot is well-developed including educational institutes, public transportation, recreation and medical facilities. At present, the Coomera Shopping Center is under the construction. The following timetable shows the estimated time of the stages of the infrastructure:

Interior design

·         Adjustable chromium alloy suite-kitchen, bathroom and master room                           

·         Curtain- block 95% to 99% of exterior ray of light

·         Efficient energy saving lamp

·         Acrylic bath tub

·         Modern stainless steel electric appliance

·         Hot water circulation system

 Room display 

        Living room                                                            Open kitchen

        Bedroom one                                                         Bedroom two

Purchase process

If you have the target land and house, you will need to pay $1000 and fill in the Purchase  letter of intent to hold the house and land you prefer. After the developer receives the fund and the letter of intent, they will prepare the purchase contract. When your official solicitor and you check the contract, you could sign on the contract and your solicitor would take this contract to have the signature of the developer. You need to pay for the rest down-payment within 7 to 14 days after the contract has been signed by both sides. The down- payment is for the land price, 10% for local residents and 20% for overseas buyers. Some lands of the real estate are registered, while others are not. In general, registered lands will be settled within 21 to 30 days after the contract date, while the other lands will be settled within around 14 days after the lands are registered and you receive the notification.  Then the construction process will be prepared. Land remaining sum will be fully paid  when  the land is settled, and the construction begins after settlement. There are five steps in the process of housing construction, buyers must pay a certain percentage of the remaining purchase price in each step to go on constructing.  Detailed steps and the percentage of the price need to refer to your purchase contract. If you have a loan, the bank and you will pay the money in accordance with the loan proportion for land remaining funds and housing funds.

The developer owns private construction team, the construction period for one-floor house is 4 to 6 months and the period for the two-level house is 8 to 10 months. There is no property management fee, while the council rates, water and rubbish disposal fees during the construction will be paid by yourself and the fees are about $2500 to $3000 after the date of land settlement. For the stamp duty, you only need to pay the stamp duty for the land, not for the house. Please read the relative articles in official account of H Property Group to obtain the detailed information for purchase process and stamp duty

·      Why the help from the property agency is important when you buy the first-hand house

·      the knowledge of purchase a property/ stamp duty

Featured drawings of house type

3 bedrooms + 2.5 bathrooms +2 car parking (floor plan)

4 bedrooms + 2.5 bathrooms +2 car parking (floor plan)

4 bedrooms + 3 bathrooms+ 2 car parking (first plan)