Sydney buyers offered Qantas Points on LK Property Melbourne purchases

Purchasing a property at the LK property showcase in Sydney this weekend could earn buyers up to 1 million Qantas frequent flyer points. 

Larry Kestelman, a property developer with more than 20 years’ experience, has utilised the offering on prior property projects by his LK property Group.

The LK property showcase in Sydney at the Hilton Hotel on 14 November and 15 November 2014 will feature Melbourne projects for investors or home buyers.

The projects on offer are Gisele South Yarra, The Marc St Kilda, Carrum Park, Barkly Place at West Footscray and The Opus Tower at Southbank. 

Christian Numa, from AmityReal Estate, will present a seminar on investing in property in Melbourne.

Since mid-2013 Larry Kestelman’s LK property Group has marketed Qantas frequent flyer points with the purchase of units in its developments when for every dollar paid on the deposit and balance of a unit, the developers will credit a frequent flyer account with one point.

The deal between the developer and Qantas was reportedly struck after more than a year of negotiations.

Kestelman, who also founded internet provider Dodo and owns the Melbourne Tigers basketball team, has previously indicated high level of inquiries about the properties accompany any Qantas points offering.

LK property Group have successfully developed a range of luxury apartments and residential dwellings working in partnership with some of Melbourne’s leading architects, including Rothelowman and Bruce Henderson. 

Buyers must be a member of the Qantas Frequent Flyer program to earn points, providing their Qantas Frequent Flyer membership number to the accredited agent prior to the payment of the deposit.

Qantas Points will be credited in two stages. Stage 1: upon the contract becoming unconditional and full deposit being paid. Stage 2: upon settlement of the Property and the balance of the purchase price being paid.