Situated 48k’s distance to the Brisbane CBD this brand new house and land package includes 2 x 5-Yr NRAS incentives from Questus.

Serviced by a major shopping centre featuring the big brands like Woolworths, Target, Bunnings, Masters and a rail link to Brisbane and the Sunshine Coast, Morayfield is an ideal location for the commuter.

Lakeview combines country-styled living with city convenience as it is less than 10 minutes from this commercial heart. It is close to schools and a community centre and is just a stroll away from Petersen Road Sportsgrounds, the home of the Caboolture Sports Club.

Boasting its own nature reserve, the Kevin Kaeser Oval Lake (a spring fed dam) that is home to platypus and native birds, this semi-rural location offers the best of all worlds.

A plethora of playing fields, nature walking tracks, even its own bird watching hide, yet all is just minutes away from schools, the major shopping and service precinct of Morayfield and the M1

Exclusive to Empower Housing Group, this to be constructed property is a full turn-key 3br + 2br dual occupancy suitable for 2 tenancies each with a single car garage.

Both dwellings each include 1 x Questus NRAS* incentive that will be transferred when the property is completed and ready for tenanting.

*The department in Canberra that administers NRAS has been consulted and advises that Morayfield continues to be an acceptable area and satisfies their requirements. NRAS incentives are currently activated and have end-dates of 2022, 2023 & 2024. Owners can expect 5+ years of double NRAS subject to the date property is tenant-ready.

Title of land expected to issue Apr/May 2017. Construction of the new home commences shortly after. Tenant-ready late 2017.

Rents (based on similar advertised properties Feb 2017):

3br – $320pw market less 20% NRAS = $256pw
2br – $290pw market less 20% NRAS = $232pw

Total NRAS rents $488pw + $424pw NRAS value = $913pw or $47,465pa

Property growth as at Feb 2017 – 2.62% source CoreData

Gross rental yield – approx 8.10%

Weekly expenses including 2 x property management, 1 x insurances, 2 x Questus fees, 1 x council and water rates – $145

Land value $255,000

Land stamp duty payable $7,964

Build price $338,489

Estimated Annual Cash Positive after all expenses of $21,000+ (based on $82,500 income pa)

Estimated Annual Tax Savings of $28,600 (includes negative gearing and NRAS tax benefits)

Contact Robert on 07 3638 0225 for full details on this opportunity.