21st 2016 at $350 per week. NRAS is a joint Australian and WA Government initiative which aims to increase the supply of affordable rental properties in WA.

Under NRAS, owners can only lease their property to individuals or families on low-moderate incomes, the rent charged must be a minimum of 20% below market rent. In return, owners can apply for an annual incentive from the WA and Australian Governments of up to $10,350 tax-free (2013-2014 figure, indexed annually) for up to 10-years (inclusive of time already incurred which is approx. 12months).

Potential buyers of this townhouse have the option to either:

A)Keep the property under the National Rental Affordability Scheme and continue to lease it under NRAS conditions. Receive the associated tax-free incentive & benefits.

B)Discontinue the NRAS, continue it as an investment property, and after current lease expires re-lease it at market rent with no restrictions.

C)Follow either option A or B until the current lease expires, then move in without NRAS conditions.

The property itself is privately tucked away to the rear of the complex offering fantastic security and privacy. It features a single garage with shopper’s entrance into the home, a bright and modern kitchen, living area, bathroom and bedroom to the ground floor, with the master bedroom, ensuite and balcony to the second level.

The rear alfresco area is a great size with plenty of potential to add value whether you’d like to put up a sail shade, patio or lay some turf! There is also access through to the garage via a rear roller door and guest access through a side gate.

Additional features include a space saving laundry under the stairs, split system air conditioning, built in robes to the master bedroom and modern fittings and fixtures throughout. Only minutes to local shops, schools and amenities, it is the perfect investment, first home or lock up and leave home base. Don’t delay!

Built: 2014
Water Rates: $567 p/a
Council Rates: $1450 p/a
Strata Fees: $574 p/a
Block size: 210m2 (survey-strata)
*Approximate*