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Double Nras H & L Package Perth Suburb Ridgewood - $395,000


House Sold: Kilrush Turn, Ridgewood2 Bed | 2 Bath | 2 Car | Floor: 157m2 | Land: 216m2



Date Available: EOI's on both lots at this timeContract Structure: Split Contract

This house and land package includes 2 x new Questus NRAS incentives each valued at $11,114 per year for the next 8-9 years. That's at least $190,000 - $200,000 in cash and tax credits in addition to negative gearing and 2 tenant rents.

Stamp duty payable on the land only. Approved and ready to commence construction as soon as you settle.

Green title means no strata fees.

No suitable for SMSF buyers.

Only two properties with double NRAS available.

Buyers require equity or cash for deposits of minimum $45,000.

What can investors expect when buying this package?

1. 2 x NRAS Incentives currently valued at $11,114 each (2017-2018)
2. Low purchase price with high returns
3. Great location 34 mins drive from Perth CBD
4. One of WA's highest gross rental yields and growth rates

Now available for contract and expected to be tenant-ready early 2018.

As is traditional with NRAS, this property is very cashflow positive.

Expected Rents

Dwelling 1 - Large 1 bedroom suitable for a couple

Market rent $280pw (based on 2017 realestate.com.au listings) less 20% NRAS Discount = $224pw + 1 x NRAS incentive value $214pw = $438pw or $22,776 p.a!

Dwelling 2 - Medium 1 bedroom suitable for a single person

Market rent $220pw (based on 2017 realestate.com.au listings) less 20% NRAS Discount = $176pw + 1 x NRAS incentive value $214pw = $390pw or $20,280 p.a!

Total income p.a $43,056

Expected operating expenses $117pw inclusive of insurance, council rates, water rates, property management fees and NRAS fees.

Gross Rental Yield 10.90%

Annual Property Growth 6.58%
(source RP Data Aug 2017)

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

Contact Robert Kirk of Empower Housing Group on 1300 859075 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
  • Fully Fenced
  • Garden
  • Newly Built
  • Pet friendly
  • Split System Air Con

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):
8.8-Year NRAS Value:
(Incentive/s 0% and rent/s 0%)
Includes CPI
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Rental Yield And Annual Growth

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Profit & Loss Calculations (Annualised)

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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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After this Property Purchase
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*Doesn't include LITO

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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Upshot
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
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8.8-Year NRAS Value:
(Incentive/s 0% 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
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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