Released for Sale 11/9 and Exclusive to Empower Housing Group WA.
Lot 10 in Goddard St is a soon-to-be-constructed 3 level premium development consisting of 26 boutique 2 bedroom 2 bathroom 1 car apartments and 3 retail shop-fronts located in the Perth suburb of Rockingham. Off-plan sales on now with a $1,000 fully refundable reservation deposit!
This is a Ground Floor apartment.
All apartments are full turn-key and delivered to buyers/owners ‘tenant-ready’. 10 of the 26 apartments are already under contract.
A limited opportunity exists for 8 buyers to share in the developers profit.
*Each of the 8 investors will receive a payment of $22,500 at time of handover. Call Robert on 0403 577 353 for all the details. Opportunity ends October 30.
Rockingham Fast Facts & Stats
- 8.08% Annual growth area with medium rents of $350 per week
- NRAS numbers are locked-in
- 1/2 hour commute to the City
- Popular beaches
- Population of about 100,000 growing 4% per year
- Much affordable housing, low vacancy rates, growing employment hubs
- Southern Perth service centre in an Indian Ocean beachside location
- Strong diversity of demographics and housing
- Recent improvements to road and rail have created an excellent transport grid
About the suburb – Rockingham
The City of Rockingham is located in Perth’s outer southern suburbs, about 40 kilometres south-west of the Perth CBD. It’s a rapidly developing residential area, with substantial industrial and commercial areas, and a naval area on Garden Island. The City encompasses a total land area of about 260 square kilometres, including significant areas of coastline and parkland.
Suburbs in the City of Rockingham include Baldivis, Cooloongup, East Rockingham, Garden Island, Golden Bay, Hillman, Karnup, Peron, Port Kennedy, Rockingham, Safety Bay, Secret Harbour, Shoalwater, Singleton, Waikiki and Warnbro,
Purchasing an Apartment is easy!
Investors purchasing a Rockingham apartment require:
- Minimum home or investment property equity of $60,000
Or, if purchasing using a SMSF
- Minimum combined balances in Super accounts of $100,000
National Rental Affordability Scheme enriches these Investments
Each Rockingham apartment includes one annual NRAS Government Incentive that’s provided to owners for 10-years. To qualify, owners simply reduce the market rent per week by 20% to an eligible tenant. Rent is indexed annually to the CPI (currently 3%). Incentives include several tax breaks (negative gearing & NRAS refundable tax offsets) with NRAS tax-free cash rebates (WA State Government).
The ATO’s contribution is $7,995.75 and WA State Gov’t contribution $2,665.25. Together, they make up the total NRAS value for 2014/2015 of $10,661.
These apartments will be tenant-ready March 2016.
This is a Questus Development www.questus.com.au ‘ Builder is BGC www.bgc.com.au
Expected market rents: $380 – $400 per week (Confirmed by formal valuation Sept 2014)
NRAS discounted rent: $304 – $320 per week (NRAS discount is 20%)
NRAS value: $205 per week
Total rental income range: $509 – $525 per week
Expenses including Council Rates, Water Rates, NRAS Admin, Property Management and Insurances = $127 per week
Annual Capital Growth for Rockingham 8.08% Source: RP Data Sept 2014
Annual Gross Rental Return 6.55% – 7.05%
To reserve please call Robert on 0403 577353 or 08 6336 7109. Reservation forms can be downloaded from this listing page and scanned back to rkirk@empowerhousing.com.au.
Visit the web http://www.rockinghamcbdapartments.com.au for more information. Financing is available.