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 developers 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 investors 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.

Aztec Terraces is at 19 Joyce Street, Burpengary located approximately 30 minutes drive to the Sunshine Coast and Brisbane. The townhouses are only minutes walk to the shops including Coles, Woolworths, Aldi, the new Burpengary police station, library, post office, community centre, sports grounds, medical centre, schools and public transport.

All of the dwellings at Aztec Terraces will consist of :

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.