Melbourne off-the-plan units sell with bonus Qantas frequent flyer points

Melbourne off-the-plan units sell with bonus Qantas frequent flyer points
Melbourne off-the-plan units sell with bonus Qantas frequent flyer points

Larry Kestelman’s LK Property Group is offering more than 600,000 Qantas frequent flyer points with the purchase of units in its developments at Clayton, Caulfield South, Brighton East, Ormond and West Footscray.

For every dollar paid on the deposit and balance of a unit, the developers will credit a frequent flyer account with one point.

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So if buyers purchase unit one at the 888 Shangri-La development (pictured below) in Caulfield for $629,000 they stand to earn 629,000 frequent flyer points – more than enough for three return first class return flights from Melbourne to Singapore.

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The two bedroom flat has a private courtyard, built in robes and an open plan kitchen, living and dining area.

The development is currently under construction.

And unit three is being sold for $639,000 – a reward of 639,000 points.

In the Barkly Place development in West Footscray (pictured below) unit 2.32 is being offered for $460,000 – earning a reward enough for a return first class flight from Melbourne to Paris with a stop in London.

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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, says there have been hundreds of inquiries about the properties since Qantas emailed details of the arrangement to its members.

“The apartment price is no more or less than they would pay otherwise,” he told The Australian Financial Review.

The developments eligible for the deal include 494 North Road Ormond, 888 Shangri-La, 657 Brighton, Barkly Place and Dixon Street Apartments.

Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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