The suburb of Morayfield is located within Caboolture, in the Moreton Bay shire, about 40 k’s north of Brisbane’s CBD.

Morayfield is the area’s main retail and commercial hub.

The majority of the land use in the region is for detached housing. Popular with investors given its affordability and its location on the major transport route of the Bruce Highway.

This duplex consists of 3 bedrooms on one side and 2+ bedrooms on the other side.

Two tenants with 2 x NRAS payments. The duplex will be delivered to the buyer strata titled (paid by the builder) into two titles.

The NRAS provider is NAHC and rents are discounted by 25%.

Calcs look like this:

Combined market rental expected is $580pw less 25% for NRAS discounting less 10% for property management = $377pw.

$377pw x 52wks = $19,604 per annum net income

$173pw x 52wks = $9,000 per annum in taxation payments no longer being deducted

$9,981 x 2 NRAS payments per annum = $19,962 div 52wks = $383pw

Borrowing 100% of the $570,970 purchase price using Westpac 3-year fixed rate of 5.29% = $30,204 per year or $580pw

End Result:

$19,604 + $9,000 + $19,962 = $48,566 income not including rates, insurance etc

$30,204 loan repayments

$18,362 Surplus per year

Not suitable for SMSF. Each duplex has 1 garage and 1 car space. Full Turnkey.

Lot 33 has land area of 600m2, living area of 284.9m2 = $570,500

Lot 41 has land area of 600m2, living area of 284.9m2 = $570,500

Lot 25 has land area of 600m2, living area of 286.2m2 = $575,800

Lot 14 has land area of 600m2, living area of 284.9m2 = $570,970

Call Robert today on 07 3666 0126 or 0403 577 353 before its too late. Visit the website for more duplexes and plans etc. http://www.nrasforsale.com.au

There are only 4 duplexes available in Morayfield that come with 2 x NRAS payments each and every year for the next 10-years!