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Double Nras ' Bunbury Suburb Glen Iris ' Brand New Home - $525,000
House For Sale: 14 Bow Street, Glen Iris4 Bed | 2 Bath | 3 Car | Floor: 521m2 | Land: 521m2
Date Available: 6/6
Brand New Dual Occupancy Double NRAS completed home just released and immediately available!
This single level recently completed home is for property investors that wish to reduce income tax using 2 NRAS tax credits, 2 NRAS annual cash payments and negative gearing tax benefits.
The Port City of Bunbury is the third largest in Western Australia after the State Capital Perth and Mandurah. The city is located about 170 k's from the Central Business District of Perth and is popular for its farming, mining and timber industries as well as extensive rail network.
The tag city is nice and good, but Bunbury is more of a regional town - easy to get around, warm people, beautiful beaches and colonial buildings. In fact, there is zero crime and zero traffic jams...It is one of the best places to stay and vacation in Australia.
Bunbury is one of the few places in the world where you can swim with the dolphins, mingle with kangaroos, kookaburras, parrots and pelicans, watch the whales as they come up for air and cycle in woodland trails.
The town is home to a regional port that does not have as much cargo traffic as Perth. If you are a businessman, you will find less red tape here than in Perth. The port is just two hours away from Perth on the new Kwinana Freeway.
And yes, the town has waterfront restaurants, cafes and bars that present your best romantic dinner setting yet.
The shallow waters on the Koombana Bay are ideal for swimming and amateur surfing. You will get as good winds as you get in Puerto Rico's waters - if not better.
Bunbury is an idyllic town with townsfolk who always welcome visitors. It is one of those places you wish you could afford to visit every summer for at least two weeks. In fact, the life here is slow enough for those who want to retire into a good neighborhood where they do not have to worry about being mugged or stuck in traffic gridlocks.
Layout is 3x1x2 + 1x1x1
This dual occupancy property is a 3 bedroom, 1 bathroom, 2 car home with an adjoining 1 bedroom, 1 bathroom, 1 car fully self-contained studio for $525,000
Full turnkey includes carpets, tiles, blinds, light fittings, fencing, landscaping, 2 x clotheslines and double letterbox.
Suitable for single contract SMSF buyers with minimum combined Super balances of $200,000.
NRAS incentives are available from Questus till 30 June 2026 from when the property is first tenanted. With CPI, that could be as high as $200,000 in tax credits and tax free cash courtesy of the Australian Government!
Market rents (actual NRAS valuations dated 5/19)
14A - 3 bedroom home (suits a family) $365 pw
14B - 1 bedroom home (suits a couple) $220 pw
Discounted for NRAS rents (Questus 20%)
3 bedroom home $290 pw
1 bedroom home $175 pw
NRAS value based on $11,248 pa (2019/2020)
3 bedroom home $216 pw
1 bedroom home $216 pw
Total annual income value from rents and incentives = $897 pw x 52 wks = $46,644
Gross annual returns 8.88%
Stamp duty $19,404
Council rates est $1,800 annually
Water rates est $962 annually
NRAS Questus fee $1,222 annually
Property management fee for 2 dwellings total $64 weekly
Call Robert on 0403 577 353 to discuss this opportunity. Visit the website empowerhousing.com.au and click on Duals with NRAS.
- Air Conditioning
- Built In Robes
- Built-In Wardrobes
- Close to Schools
- Close to Shops
- Close to Transport
- Energy efficiency rating
- Fully Fenced
- Newly Built
- - SMSF - NRAS - SMSF & NRAS