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Double Nras Dual Occupancy House & Land Packages ' Bris Suburb Morayfield ' Morayfield Heights Estate - $515,000


House For Sale: Cronin Street, Morayfield4 Bed | 2 Bath | 2 Car | Floor: 185m2 | Land: 400m2



Date Available: Available NowContract Structure: Split Contract

Situated 48k's distance to the Brisbane CBD this brand new house and land package includes 2 x 5-Yr NRAS incentives from Questus.

Serviced by a major shopping centre featuring the big brands like Woolworths, Target, Bunnings, Masters and a rail link to Brisbane and the Sunshine Coast, Morayfield is an ideal location for the commuter.

Exclusive to Empower Housing Group, this to be constructed property is a full turn-key 3br + 1br dual occupancy suitable for 2 tenancies each with a single car garage.

Both dwellings each include 1 x Questus NRAS* incentive that will be transferred when the property is completed and ready for tenanting.

*The department in Canberra that administers NRAS has been consulted and advises that Morayfield continues to be an acceptable area and satisfies their requirements. NRAS incentives are currently activated and have end-dates of 2022, 2023 & 2024. Owners can expect 5+ years of double NRAS subject to the date property is tenant-ready.

Rents (based on similar advertised properties Mar 2017):

3br - $290pw market less 20% NRAS = $232pw
1br - $250pw market less 20% NRAS = $200pw

Total NRAS rents $432pw + $427pw NRAS value = $859pw or $44,691a

Property growth as at March 2017 - 2.78% source CoreData

Gross rental yield - approx 8.67%

Weekly expenses including 2 x property management, 1 x insurance, 2 x Questus fees, 1 x council and water rates - $163

Land value $218,000

Land stamp duty payable $6,537

Build price $297,000

Estimated Annual Cash Positive after all expenses of $20,700+ (based on $84,000 income pa)

Estimated Annual Tax Savings of $28,700 (includes negative gearing and NRAS tax benefits)

Contact Robert on 1300 859 075 for full details on this opportunity.
  • Air Conditioning
  • Broadband
  • Built In Robes
  • Built-In Wardrobes
  • Close to Schools
  • Close to Shops
  • Close to Transport
  • Dishwasher
  • 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
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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)
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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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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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