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3br+1br House & Land Package ' $22228 P.a Gov't Incentive's 8+ Years ' Tenant-ready Oct/nov 2018 - $465,000

House Sold: 108/500 Jeffrey Road, Glen Iris4 Bed | 2 Bath | 2 Car | Floor: 196m2 | Land: 524m2

Date Available: Under Contract (JM)Contract Structure: Split Contract

Glen Iris in the WA City of Bunbury is the approved location for properties that include 2 Gov't Tax Free NRAS Incentives from Questus Ltd.

What can investors expect when buying this property that includes 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 8+ years

Lot is not suitable for SMSF buyers.

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 $44,252 p.a!

Pay stamps on land only.

Gross Rental Yield of 9.51%

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 for more information on the National Rental Affordability Scheme.

Visit the City of Bunbury's website for more on the location…

Contact Robert Kirk of Empower Housing Group on 1300 859 075 or 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

Zoning: Green

Calculator Overview Property Investment Analysis


About this Investment Property

This property is assessed as cash-flow positive PA (2018 ABS incomes) by: Personalise
Expected tax benefits from buying this property PA (NegGear & NRAS):
7.3-Year NRAS Value:
(Incentive/s 0.7% and rent/s 0%)
Includes CPI
Purchase Price:
Stamp Duty:
Total Market Rental Incomes P/W:
Total NRAS Disc Rental Incomes P/W:
Number of NRAS Bonuses available:
Property Management, Insurances & Rates P/W:

Rental Yield And Annual Growth

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Rule of 72 (Years to double in value):

Profit & Loss Calculations (Annualised)

Loan Amount (Inc Stamp Duty, Legals & Lender Fees):
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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
Primary Income After Tax:
Secondary Income After Tax:
After this Property Purchase
Suggested Ownership (Primary Earner):
Suggested Ownership (Partner):
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Est. Tax Saved PA (Neg/Pos Gearing):
*Doesn't include LITO

Effect of this Property on Owners Income Taxes

Est. Tax Saved PA (Negative Gearing):
NRAS Refundable Tax Offsets PA:
NRAS State or Territory Cash Payments PA:
Potential Tax Reduction or Increase PA:

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
Total existing monthly payments:
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

Potential Reduction or Increase in Income Taxes
Projected Capital Growth over 10-years:
Projected Property Value after 10-years:
7.3-Year NRAS Value:
(Incentive/s 0.7% and rent/s 0%)
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
Listing ID

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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