Invest with us

The Plus 61 Property Fund provides you with an opportunity to invest in one of the fastest growing and most sustainable property markets in the world, Australia. This real estate investment opportunity is without the challenges of direct ownership of property or project management.

The Fund will invest in Greenfield land which has been rezoned, in growth areas with great connectivity to CBDs in Victoria. The Fund will then get building and planning approvals, develop essential infrastructure, (roads, grids and sewerage) subdivide, and sell the plots. The sector focus is residential properties.

Fund Type:

Closed End Fund. PLUS 61 PROPERTY FUND CLASS A AUD

ISIN Number:

SGXZ68165786

Structure:

Structured as a Sub Fund of FinaFund VCC.

Management Fees:

1.25%. This fee will be paid to the Investment Manager under the terms of the Investment Subscription Agreement (ISA). The Advisor to the Fund will be required to cover the overhead expenses of the Fund, including salaries, benefits, rent, health insurance, and the cost of fund-related hardware and software.

GP / Advisor Contribution:

10% of total Fund.

Financial Reporting:

Annual Report including financial statements, and auditor’s report.

Tax statements issued annually, providing LPs with taxation information including a detailed summary of the components of any distributions.

INVEST IN GREENFIELD •

The Fund will invest in Greenfield land which has been rezoned, in growth areas with great connectivity to CBDs in Victoria. The Fund will then get building and planning approvals, develop essential infrastructure, (roads, grids and sewerage) subdivide, and sell the plots. The sector focus is residential properties.

High annual completions and annual lot sales compared to multi-units.

Median lot price is comparatively more affordable and has a higher approvals rate than multi-units.

Fund vision – Providing a superior yield to investors with property investment in Australia.

The Australian Property Market •

• First Home Owner Grant (FHOG)

Approx. AUD 10,000 First Home Owner Grant (FHOG) is available when a person buys or builds their first new home. A “first home” cannot be previously sold or used as a place of residence. The grant amount may be higher for regional Victoria.

• Victorian Home Buyer Fund

A shared equity scheme in which the government makes a financial contribution to the purchase price, in exchange for a proportional interest, or share, in the property. Eligible homebuyers can start with a 5% deposit and receive a contribution of up to 25% toward the purchase price of their property.

• Exemption of stamp duty for first home owners

A person buying or building a residence for AUD 600,000 or less in Victoria is fully exempt from Stamp Duty.

• Duty reductions for First Home Owners and CGT exemption

First home owners may be eligible to receive a duty reduction of 50% if they meet all the FHOG criteria when buying a residence for AUD 600,000 or less. Further, the main residence is exempt from CGT for owners when selling.

The personal income of average Australians has steadily risen in the last 5-7 years.

Although there has been a larger step-up in mortgage costs due to interest rate hikes in the recent past, borrowers’ savings buffers can help them adjust to higher loan payments. Many borrowers on fixed rates have built savings buffers to help them adjust to higher loan servicing obligations and have split loans with sizeable prepayment buffers.

In the USA, the mortgage to household income ratio is around 30% and in the UK it is at 25%-30% level.

With a lower mortgage-to-household income ratio than other advanced economies and government-supported programs for home ownership, the Australian residential housing market will have heightened demand in the next decade.

Disclaimer

IMPORTANT INFORMATION: This advertisement has not been reviewed by the Monetary Authority of Singapore. The information in this website should not be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment product or to engage in any other transaction. The discussion of portfolio holdings does not constitute a recommendation of any individual security or investment product. Finaport Pte. Ltd. (“Finaport” or the “Firm”) does not purport to advise on whether any investment product is a suitable investment for you. The information and opinions contained in this website do not take into account the recipient’s personal circumstances and therefore do not constitute investment advice. Consequently, reading this website is no substitute for a personal consultation with a professional advisor before making any commitment. This website should not be construed as financial advice. Prospective investors should thoroughly review any investment materials with their individual financial, legal, investment and other advisors before making an investment determination. Any person subscribing for an interest in securities must be able to bear the financial risks involved and must meet the suitability requirements relating to such investment. An investment may not be suitable for certain investors. Third party publicly available data believed to be accurate has been used without verification to compile this website content; Finaport does not guarantee the accuracy or completeness of such data.