Just released and ready for immediate sale. These are eligible for the $10,000 NT Boost Bonus payment.
They are also SMSF-Ready and council approved. Construction will commence in November. These homes are separately titled.
$514,900 buys a 3br home that includes 1 x NRAS $9981 payment per year for a max 10-years.
NT Stamps on this investment property is $25,300. Estimated legals are $1,300. Total package including stamps = $541,500.
Incoming Rent & NRAS Calculations:
$640 market rent less 30% (20% NRAS disc + 10% management fees) = $448 x 52wks = $23,296 + CPI.
NRAS incentive payment pa = $9981 + CPI.
Negative Gearing Benefit based on PAYG income ($90,000pa) = $9,000
10-years of annual growth based on 5% pa = $323,817 divided by 10 = $32,381
Less NRAS fees pa x 7.5% of NRAS payment = $748
Net income before council rates = $73,910 + CPI
Borrowing Calculations:
Outside of SMSF borrowing 100%
$541,500 x 5.39% (3-year Westpac fixed rate) = $29,186pa
Inside of SMSF borrowing 80%
$412,000 x 6.59% (BCU 3-Yr fixed rate) = $27,150pa
These are the easiest properties to buy in Australia. The valuers love them as they value to the purchase price, their rents increase almost monthly, land in Palmerston appears to increase by $10,000 per month & the media promotes 0.4% vacancy rates.
Only Zest in Darwin working in conjunction with NRAS For Sale here in Brisbane are offering these new homes. Talk to Robert Kirk (NRAS SMSF Advisor) as soon as you can to discuss using your home to access the equity or using your Super funds.
You only need $78,000 in equity from the family home or existing investment property to buy outside of Super. Buying using your Super, you only require a combined balance of $120,000.
Imagine redirecting the dormant equity in your home or the super in your accounts into one or two of these investments to significantly increase your wealth.
Buy one inside of Super and another outside of Super and take advantage of $20,000 per year in tax-free Government incentives together with $648,000 in capital growth over the next 10-years.
In Darwin, nothing lasts long. You need to be quick! Too many buyers, not enough properties.
Download Ethan PDS here. http://www.nrasindarwin.com.au/pdf/NRAS-Brochure-ETHAN.pdf
Visit the website for more detailed information.
http://www.nrasindarwin.com.au
http://www.nrasforsale.com.au