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Earn 1 Qantas Point for Every $1 Spent When Buying a Property in Melbourne

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Earn 1 Qantas Point for Every $1 Spent When Buying a Property in Melbourne
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Naed on 04/06/2015 - 12:27 lkproperty.com.au (273 clicks)
Last edited 04/06/2015 - 12:28

Is your frustration that you can't earn Qantas Frequent Flyer points when purchasing a property keeping you out of Melbourne's ridiculous housing market? I certainly hope not but if so then your frustration is now over!

If you buy or invest in an eligible property you could earn Qantas Points with LK Property Group. Lowest price starts at $285k from what I can see, and you'll earn 1 Qantas Frequent Flyer point for every ridiculous $1 you spend (deposit and purchase balance only, excludes taxes and stamp duty). You need to purchase from one of their accredited agents:

  • Amity Property Group Pty Ltd
  • Park Trent Properties Group Pty Ltd
  • M2 Real Estate Pty Ltd
  • In2property Pty Ltd
  • Majestic Property Pty Ltd

And if you're not already a Qantas Frequent Flyer member they're throwing in complimentary membership just to sweeten the deal! So no more excuses preventing you from getting into Melbourne's not at all overpriced property market.

full disclosure: I am not a financial advisor (let alone your financial advisor) and if your financial advisor tells you to buy a house just because of this deal then you should probably get a better advisor.

Travel Frequent Flyer

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lkproperty.com.au

closed Comments

  • jv on 04/06/2015 - 12:29
    +8

    This belongs in the forums… It's not a bargain.

    • skinny on 04/06/2015 - 14:45

      I think I'll agree on this one.. need to review the rest of the contact conditions and commission before it can be considered a deal!

  • [Deactivated] on 04/06/2015 - 12:33
    +14

    404 - bargain not found

  • Naed on 04/06/2015 - 12:37
    +6

    Scarily, some people might see this as a good deal. LK Property is the same group that paid $3M for Charlize Theron to come to Melbourne and not remember the name of the product she was promoting.

    • jv on 04/06/2015 - 12:41

      is the same group that paid $3M for Charlize

      there's your proof that it's not a bargain…

      do you know what their commission is ?

      • Naed on 04/06/2015 - 12:46
        +6

        In my extensive research jv I called them up to ask that very question. They told me they get paid in Qantas points.

        • jv on 04/06/2015 - 12:50
          -3

          Did you buy the swamp land they offered you ?

    • Snoop on 04/06/2015 - 20:30

      $3M…and not remember the name of the product she was promoting.

      Sounds like a quality investment… so what's my expected return on it?

  • tensionday on 04/06/2015 - 12:37
    +4

    1 like = 1 qantas point

  • DealzEddy123 on 04/06/2015 - 13:30
    +2

    Let's say the purchase of a $285,000 apartment yields 285,000 QFF points.

    Let's value the points at a generous 0.08 cents per points.
    value of those points = $2280

    Surely they just bump up the price of the property by $1-2k

    So in actual fact you're getting much less return.

    Not saying it's a bad deal. Would be good if you can pay with a credit card, getting another 1-3 points per dollar spend.

    • chewbot on 04/06/2015 - 13:45

      Perhaps this should be combined with the recent citibank https://www.ozbargain.com.au/node/196947
      or better yet me bank posts
      https://www.ozbargain.com.au/node/184775.

      Surely, they wouldn't mind customers splitting their purchase accross 2850 transactions would they?

      • illumination on 04/06/2015 - 13:55

        The hilarious thing is if they really didn't mind and you assume each transactions takes one second, 2850 transactions would still take 47.5 minutes!!
        Lets be more realistic and say it requires 20 seconds per transactions.. 950 minutes i.e. 15 hours and 50 minutes.
        Not bad..

    • vvti85 on 04/06/2015 - 14:08
      +1

      The value of the points depends how you redeem them.

      If you redeem for business class flights the 'value' of those points can potentially be worth up to 5 or 6 cents per point.

      • DealzEddy123 on 04/06/2015 - 14:23

        yes agree… potentially.

        my point was the price of the points is just wrapped up in the cost of purchase somewhere.

        not all of it, still a "deal", but not as lucrative as it may seem

    • Eivad on 04/06/2015 - 15:03

      In your calculation you valued Qantas points at 0.8 cents per point (which is closer to what they're worth), not 0.08 cents (which is what you said you used).

      But otherwise I completely agree with your point

  • May4th on 04/06/2015 - 14:54
    +1

    thanks OP, just bought a $800k house. that should cover biz flights for my family for the next vacation

  • RubenM on 04/06/2015 - 16:34

    There's two possible scenarios how this could work:

    1. It's not on the contract going to the lender. This is fraud and a criminal offence.

    2. It's on the contract going to the lender. The lender will then subtract the monetary value of the miles and decrease their valuation by that amount, meaning that your deposit is suddenly much bigger than planned.

    I'm very involved in real estate and have discussed something similar to this with my mortgage broker (vendor offering to pay your stamp duty).

  • ronnknee on 04/06/2015 - 17:36
    +1

    Can you refund the house after you get the points? /s

  • Cryptarcadian on 04/06/2015 - 21:30
    +1

    Hahaha, hilarious OP!

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