Situated in Sunrise Estate at Chinchilla, Western Downs – Surat Basin there are only 8 x 3+3 duplexes being released to the public for sale.

Buy the whole Duplex for $735,000 or a single Duplex for $385,000.

Borrow 100% of the $735,000 purchase price plus land stamps of $7,200 totaling $742,200 using Westpac 3-year fixed rate of 5.29% and repayments are $39,262 per year.

With your 8% 5-year rental guarantee of $58,800 per year, the surplus amount will be close to ($58,800 less $39,262) = $19,538 but say $15,000 net after rates, property manager fees etc.

The duplexes won’t be ready until late 2013 and are still at the Council stage.

$1,000 refundable holding deposit secures your duplex. Call the agent Robert on 0403 577 353 for over the phone loan approvals and further information.

These are non-NRAS.

Visit the website at http://www.non-nrasforsale.com.au.