This is your opportunity to purchase a brand new positively geared investment with water views and only 100 meters to the water. These apartments are now completed and ready to put tenants in and start making you money.

Brief explanation (please go to the government website for specific details):
Currently these units has a market rental appraisal of $280PW under the NRAS Scheme owners are to rent the property out at 20% under market rental $252PW = $13,104 Per Year

The government will provide an incentive of $9524 Pear Year. This payment will increase with CPI. Note that this incentive are TAX FREE therefore which means on 41.5% MTR before tax = $13,675 and 31.5% = $11,679.

Therefore total rental income = $22,628 (not including the tax free benefit) Therefore this is a rental return of 8-9% PA
- Please note that this figure is only an example and base on an estimate

Don’t miss this opportunity to secure yourself a great home or investment that is so close to the water. There is a cafe, park, walking and bike paths plus a BBQ area and two boat ramps all within a minutes’ walk.
These apartments feature:
- 2 bedrooms with built-ins
- Single carport with secure lock up store
- Private balcony
- All units are two levels with open plan kitchen/dining and lounge area
- Good size kitchen
- Water tank

Unit Prices:
- Unit 1 – $260,000
- Unit 2 – $250,000
- Unit 3 – $250,000
- Unit 4 – $260,000
- Unit 5 – $280,000
- Unit 6 – $270,000
- Unit 7 – $270,000
- Unit 8 – $280,000

Full plans and inclusions list can be provided upon request.

Please contact the Sales Consultant to view a copy of the Sustainability Declaration for this property.