Part 2 - Understanding how to buy off the plan and the terms used

We continue with the second part of buying off-the-plan from Apartments Developments with some common terms used and what is required when researching off-the-plan development. 

Gross Rental Yield
 

Often abbreviated to GRY, it's used to compare and define your investment return. This is usually  calculated by dividing the annual rental income by the property's value and purchase price at the time of purchase.

Inclusions
 

These are specifications, items and additions that specified in the contract that may refer to things such as wardrobes (built-in), fridges, cook tops, dishwashes and so forth. 

Investment Return
 

Done in a similar way to capital growth, and in direct reference to the change in value of your investment over a period of time. 

To find out more tips you can visit Apartment Developments.