**One of only 3 Triple Occupancy Triple NRAS properties available in Australia today!**

$499,000 buys this single level to-be-constructed full turn-key house and land package. It’s for property investors that significantly wish to reduce income tax using NRAS tax credits, NRAS cash and negative gearing tax benefits before the Gov’t changes hands and introduces negative gearing changes from 1st Jan 2020.

The Lilac estate in Caversham is located within the City of Swan 20 kilometres north east of Perth City. It has a population of approximately 2,693+ with a median age of 34, all of whom reside in the picturesque Swan Valley region.

Nearby schools include Caversham Primary School, Corridors Secondary College, East Beechboro Primary School, Governor Stirling Senior High School, Guildford Primary School, Lockridge Primary School, Midland Primary School and West Midland Primary School, making Caversham a convienent location for those with children or those looking to raise a family.

Layout is 1x1x1 + 1x1x1 + 1x1x1

Each tenant has their own bedroom, ensuite, kitchenette, loungeroom, entry and exit doors, partitioned garden area and 2 enjoy a garage space. Tenants share the main loungeroom, main dining room, large fully functional kitchen, laundry etc.

Property owner provides a house washing machine, a main microwave (optional), a basic microwave per dwelling, a benchtop oven with twin hotplate per dwelling and a bar fridge per dwelling. The owner also provides lounge furniture, dining furniture and outdoor furniture per dwelling. All items tax deductible and cheaply obtained from appliances online, A Mart etc. Estimated delivered cost $3,400

This triple occupancy property consists of 3 self-contained studio units within a large 4 bedroom home that includes a double garage and single carbay.

Full turnkey includes carpets, tiles, blinds, 4 x airconditioning units, individual fencing, sliding doors, landscaping, clotheslines and triple letterbox.

NRAS Property Managers maintain and manage the tenants during the term of the NRAS. After NRAS, the home reverts back to a large 4br home.

This property is opportunistically positioned on a corner block to accommodate 3 car tenant parking and offstreet parking.

Not suitable for single contract SMSF buyers as these are offered on 2 contracts.

Brand new activated NRAS incentives x 3 from Questus have up to 6 years remaining by the time the property is ready for tenanting. Expire 30/6/2026

Builder confirms current build times are up to 6-months from settlement of land.

Market rents (based on recent sworn rental valuations 4/2019)
1 bedroom studio fully self-contained (suits a single occupant) $220 pw
1 bedroom studio fully self-contained (suits a single occupant + garage) $225 pw
1 bedroom studio fully self-contained (suits a single occupant + garage) $225 pw

Discounted for NRAS rents (Questus 20%)
3 bedroom home $176 pw
3 bedroom home $181 pw (including half of garage)
3 bedroom home $181 pw (including half of garage)

NRAS value based on $11,248 pa (2019/2020)
1 bedroom home $216 pw
1 bedroom home $216 pw
1 bedroom home $216 pw

Total annual income from rents and incentives = $1,186 pw x 52 wks = $61,672

Gross annual returns 12.35%

Land price $245,000
Build price $254,000 includes 3 x NRAS incentives

Stamp duty on land $7,137
Council rates $1,800 annually
Water rates $962 annually
NRAS Questus fee $1,833 annually
Property management fee $73 weekly
Owner estimated cleaning and maintenance fee $25 weekly
Tenants pay water usage and power usage

Call Robert on 0403 577 353 to discuss this opportunity. Visit the website empowerhousing.com.au and click on Triples with NRAS.