At the corner of Swan Road and Greenmount Street in the new Gainsborough Greens Estate, Aushomes are building a brand new Display Home to showcase their 2013 new home range.

The Display Home is fully optioned and includes tinted windows throughout, ducted airconditioning, quality fittings, bi-fold doors to Alfresco, is fully landscaped and most importantly the builder will rent back for an initial 2-years for display purposes with further 2 x 6 month option periods.

Investors receive 6% per year ($645 per week) and has also just been approved for SMSF.

Mum and Dad Investors wishing to buy this home using their super require a minimum of $210,000 in combined super balances to cover deposits, stamps, legals, interest during construction etc.

Situated on a corner block, this home when completed has 4 large bedrooms, 2 large bathrooms, separate lounge, separate dining, Alfresco and a generous amount of ground cover.

This home is not eligible for NRAS.

Investors borrowing 100% of the purchase price using Westpac’s 3-year fixed rate of 5.29% can expect calculations to look like this:

$559,900 + land stamps of $6,900 = $566,800 x 5.29% = $29,983pa div 12 = $2,498pm in repayments

Vs

$645pw rent x 52wks = $33,540 div 12 = $2,795pm in income
Allowing $8,000 in negative gearing = $666pm in tax saving
Total income = $3,461pm

Surplus income per month for the first 2 to 3-years = $3,461 less $2,498 in repayments = $963

Then, from years 3 or 4 onwards (if options are taken) you can expect ongoing calculations to look like this (home returns to normal family rental):

$559,900 + land stamps of $6,900 = $566,800 x 5.29% = $29,983pa div 12 = $2,498pm in repayments

Vs (based on expected rents in 2016)

$600pw rent x 52wks = $31,200 div 12 = $2,600pm in income
Allowing $8,000 in negative gearing = $666pm in tax saving
Total income = $3,266pm

Surplus income per month from years 3 or 4 onwards = $3,266 less $2,498 in repayments = $768

A high returning property with positive, safe returns for Mum and Dad investors requiring low risk and high-growth.

Call your REIQ Agent Robert today on 07 3666 0126 for the plans and specifications, order form etc. $1,000 refundable holding deposit secures this Display home.

It’s already titled, building approval in hand and ready to commence construction. Allowing for 21-days finance and 14-days settlement, this could be your new investment property in less than 6-weeks!

We’re a one-stop-shop and welcome the opportunity to review your situation using property, loans and super. We’ll calculate the negative gearing and tax savings. You can even use this home to pay down the bad debt on your home saving you thousands in interest payments.