At Lot 360 Greenmount Street in the new Gainsborough Greens Estate, Aushomes is building a brand new home to showcase their 2013 new home range.

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

Investors receive 6% per year ($565 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 $190,000 in combined super balances to cover deposits, stamps, legals, interest during construction etc.

Situated in a quiet street, 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:

$489,950 + land stamps of $6,300 = $496,250 x 5.29% = $26,251pa div 12 = $2,187pm in repayments

Vs

$565pw rent x 52wks = $29,380 div 12 = $2,448pm in income
Allowing $8,000 in negative gearing = $666pm in tax saving
Total income = $3,114pm

Surplus income per month for the first 2-years = $3,114 less $2,187 in repayments = $927

Then, from year 3 or 4 (if options are taken) you can expect ongoing calculations to look like this:

$489,950 + land stamps of $6,300 = $496,250 x 5.29% = $26,251pa div 12 = $2,187pm in repayments

Vs(based on expected rents in 2016)

$550pw rent x 52wks = $28,600 div 12 = $2,383pm in income
Allowing $8,000 in negative gearing = $666pm in tax saving
Total income = $3,049pm

Surplus income per month from years 3 or 4 onwards = $3,049 less $2,187 in repayments = $862

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

Call 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.