Features: Ensuite, A/C, WIR, aircon, slug, deck, couryard, separate laundry
FANTASTIC SHORT OR LONG INVESTMENT OPPORTUNITY – NRAS APPROVED
Few investments allow you to borrow the full price of the property plus associated costs and still give the investor an excessive income of $63 – $81+ per week.
In a nut shell it means that instead of receiving $320 market rent on the property per week you effectively get $549 per week.
Based on the developer’s calculations, the property will provide a surplus of $63 per week (on an income of $50,000) or $81 per week (on an income of $100,000), based on borrowing the full purchase price of $325,000, stamp duty, legals, mortgage fees, solicitor fees, transfer costs and loan costs, as well as allowing for the yearly payments of council rates, body corporate fees, rental expenses, NRAS management fee,. Return is based on an interest rate for the loan of 5.74%.
The National Rental Affordability Scheme (NRAS) is an Australian Government initiative aimed at increasing the number of affordable rental properties. The Scheme offers investor’s annual refundable tax offsets of $8,600 increasing with CPI (currently the tax credit per year is $8,672) for 10 years, provided the new homes are rented to eligible low to moderate income households at 20 per cent below market value. It Is NOT a social welfare program – it targets working MIDDLE AUSTRALIAN FAMILIES such as teachers, police officers, firemen, health care workers etc. The Queensland government has a HUGE database of potential tenants.
Features: 3 bedrooms Ensuite and bathroom Walk-in robe to the main bedroom Deck off the main bedroom Ceiling fans in all bedrooms 3 toilets Separate laundry Single lock up garage with remote control Air-conditioning in the ground floor living and dining areas Dishwasher Private patio and low maintenance courtyard.
Construction is expected to be completed in June 2010.
From the 1st of January 2010 a copy of the Sustainability Declaration for this property will be available from the Agent. For more information on the requirements visit www.dip.qld.gov.au