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 $11,352 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 $11,304 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 http://www.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