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Dual Occupancy H & L With 2 Gov't Incentives 3x2x2+2x1x1 Wellard Perth 9.6%+ Yield - $490,656


House For Sale: Lot 5 Wolgan Loop, Wellard5 Bed | 3 Bath | 3 Car | Floor: 233m2 | Land: 450m2



Date Available: 1 AvailableContract Structure: Split Contract

Last one!

Now a Double NRAS property!!!

This to be constructed dual occupancy home is located in the new Alkina Estate of Wellard goo.gl/maps/…. Land is expected to be titled in Jan 2018.

Build time is approx 8 months from land settlement.

This new property includes 2 x $11,114 p.a Gov't Tax Free NRAS 'substitution' Incentives.

NRAS Dwelling 1 = 2 years remaining
NRAS Dwelling 2 = 3 years remaining

Alkina Private Estate is nestled in just off Millar Road on the eastern side of the Freeway. This area is fast growing and home to many new families creating a close knit and supporting community.

What can investors expect when buying this property?

1. 2 x Gov't NRAS Incentives currently valued at $11,114 each (2017-2018)
2. 2 x sets of tenant-rents totalling $480 pw
3. Wellard is a 30+ minute drive from the CBD of Perth
4. One of WA's highest gross rental yields at 9.6%+
5. Dual Occupancy homes contain two independent homes and tenancies on one lot and title therefore only 1 set of council rates apply
6. Dwellings are full turn-key and include floor coverings, wall coverings, site works, landscaping, security, reticulation and much more!

Not suitable for SMSF buyers as this is a house and land package with 2 contracts. Builder is Port Bouvard Homes.

Only 1 available as at 7th Dec

Lot No 5
Lot Size (m2) 459
Frontage (m) 15
Lot $184,000
House $306,656
Total $490,656

Market & discounted rents

3br rent $330 p.w less 20% NRAS discount = $264 p.w
2br rent $270 p.w less 20% NRAS discount = $216 p.w

Total rents = $480 p.w + NRAS value $428 pw = $908 p.w or $47,216 p.a!

Pay stamps on land only $4,908 (includes fees)

Council rates circa $1,600 p.a
Water rates circa $800 p.a

Gross Rental Yield of 9.6%
Weekly holding expenses $150 (incl council rates, water rates, NRAS fee, property management fee and insurance)

Alkina Private Estate is nestled in just off Millar Road on the eastern side of the Freeway. This area is fast growing and home to many new families creating a close knit and supporting community.

With Perth City just 30 minutes north via the freeway and Mandurah 30 minutes south, this central location provides convenience to other established facilities such as Cockburn Central, Baldivis and Kwinana.

With some of Perth's most beautiful beaches within easy reach, your tenants can spend their weekends picnicking on the white sands and playing for hours in the clear blue waters. A short 6 minute drive from your new home is Wellard Square, Wellard's local shopping area where you will find Woolworths, restaurants, cafés, a bakery and retail stores. You will also find the Wellard Train Station there, where you can take advantage of both the Bus and Train services.

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 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
  • Security Alarm

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

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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
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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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Surplus income: (Annual Rental income - Annual Expenses) - (loan repayment per annum) + tax_saved
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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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