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.

Exclusive to Empower Housing Group, this to be constructed property is a full turn-key 3br + 1br 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.

Rents (based on similar advertised properties Mar 2017):

3br – $290pw market less 20% NRAS = $232pw
1br – $250pw market less 20% NRAS = $200pw

Total NRAS rents $432pw + $427pw NRAS value = $859pw or $44,691a

Property growth as at March 2017 – 2.78% source CoreData

Gross rental yield – approx 8.67%

Weekly expenses including 2 x property management, 1 x insurance, 2 x Questus fees, 1 x council and water rates – $163

Land value $218,000

Land stamp duty payable $6,537

Build price $297,000

Estimated Annual Cash Positive after all expenses of $20,700+ (based on $84,000 income pa)

Estimated Annual Tax Savings of $28,700 (includes negative gearing and NRAS tax benefits)

Contact Robert on 1300 859 075 for full details on this opportunity.