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New 4-bedroom Home Off-the-plan ' $22228 P.a Gov't Incentive's 8+ Years ' Tenant-ready Early 2018 - $460,000


House For Sale: Lot 106/500 Jeffrey Road, Glen Iris4 Bed | 2 Bath | 2 Car | Floor: 196m2 | Land: 461m2



Date Available: Available Now!Contract Structure: Split Contract

Is this the last one? Titles this month!

Glen Iris in the WA City of Bunbury is the approved location for Australia's last release of land with 2 approved Gov't Tax Free NRAS Incentives for Questus Ltd.

What can investors expect when buying this property that includes 2 NRAS incentives?

1. 2 x Gov't NRAS Incentives currently valued at $11,114 each (2017-2018) = $22,228 p.a
2. 2 x sets of tenants with discounted NRAS rents that are indexed annually to CPI
3. Great location 1+ hour drive from Perth
4. One of WA's highest gross rental yields
5. Located in the South West Region of Bunbury with $3.5 billion of major projects currently under construction and a further $3.7 billion committed
6. NRAS term available is approx 8.5 years

Not suitable for SMSF buyers.

Upgrade double carport to secure double garage on this property for an additional $8,311

As is traditional with NRAS, this property is very cashflow positive and on a single Green title to keep expenses at a minimum.

Valuation Rents on (identical) dual occupancy properties with double NRAS

3br (valuation) rent $320 pw
1br (valuation) rent $210 pw

Total rents = $530 pw less 20% NRAS Discount = $424 pw + NRAS value $427 pw = $851 pw or $44,275 p.a!

Pay stamps on land only $3,550.

Gross Rental Yield of 9.62%

Bunbury is well serviced by road, rail and bus services and is only one and a half hours drive from the state capital of Perth. It has its own small-scale airport and an express passenger train service which runs between Perth and Bunbury daily. The city offers a wide variety of retail shopping, and quality education (with its own university campus), health and sporting facilities.

The City itself is home to approximately 33,075 people, but the population of the Greater Bunbury area, which includes the adjacent urban centres of Australind, Leschenault, Eaton, Gelorup, Dalyellup and Stratham, is an estimated 67,090 people. Bunbury's port is one of Australia's biggest regional facilities. It services the export of bulk commodities such as alumina, woodchips and mineral sands.

Visit the Empower Housing Group website empowerhousing.com.au for more information on the National Rental Affordability Scheme.

Visit the City of Bunbury's website for more on the location swdc.wa.gov.au/...

Contact Robert Kirk of Empower Housing Group on 1300 859 075 or rkirk@empowerhousing.com.au for an investors information pack tailored to your situation.

  • Air Conditioning
  • Broadband
  • Built In Robes
  • Built-In Wardrobes
  • Close to Schools
  • Close to Shops
  • Close to Transport
  • Energy efficiency rating
  • Fully Fenced
  • Garden
  • Newly Built

Zoning: Residential


Calculator Overview Property Investment Analysis


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About this Investment Property

This property is assessed as cash-flow positive PA (2017 ABS incomes) by: Personalise
Expected tax benefits from buying this property PA (NegGear & NRAS):
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Single Year Cash-flow - Before & After Comparison (Negative Gearing Calculation)Enter Your Incomes Here

Before this Property Purchase
Primary Earners PA Taxable Income: Use this income to assess and see changes above Enter Your Actual Income
Partners PA Taxable Income: Use this income to assess and see changes above Enter Actual Partner Income
Income Tax Payable PA (Primary Earner): Use this tax-cut to assess and see changes above Enter After-Tax-Cut Instead
Income Tax Payable PA (Partner): Use this tax-cut to assess and see changes above Enter After-Tax-Cut Instead
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Effect of this Property on Owners Income Taxes

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Effect of this Property on Owners to be Debt-Free Enter All Your Debts Here

Click here to open debt table pop-up (balances and minimum repayments required)
Total debts & loans required to be paid out
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Potentially pay out in total debt incl. home & investment loans (if and as applicable) in years (based on min. repay amount plus any extra payments) using the net surplus from this property.

Positive Outcome/s from Buying this Property

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Includes CPI
Potential Interest Savings on your home loan (based on loan balance):
Surplus income: (Annual Rental income - Annual Expenses) - (loan repayment per annum) + tax_saved
Potentially pay out in total debt incl. home & investment loans (if and as applicable) in years (based on min. repay amount plus any extra payments)
Investing current monthly payments of per month for remaining term of years when you are debt-free, potentially earns an additional in income.

 

Enquire Now


Robert Kirk Download vCard
Phone: 1300859075
Mobile: 0403 577 353
rkirk@empowerhousing.com.au
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Disclaimer: Accessing and using any information from this site is on the condition you read and agree to the following. Before making any financial commitment to any property you should seek professional advice from a qualified and registered financial advisor. While every attempt is made to keep the information accurate and current, this site should be used to locate properties of interest to carry out further investigation as to the viability and suitability of the investment property to your personal situation. Indicative returns on investment are just that ‘indicative’ being based on information provided from third parties in regard to sale price and expected rent to be obtained. They are not deemed to be the final return once all other costs e.g legal fees, stamp duty, rental fees, utilities connections and the like associated with buying a new home are added in. Using links from this site to other web sites and the like means you are accessing information from sites we have no control over, we will not be held liable for any loss incurred from the use of information from this site and outbound linked sites. Management of Empower Housing Group and Empower Housing Group WA April 2014.

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