Recreation Drive Villas are designated as over 55′s housing, meaning that all Properties within the development will be rented to over 55 singles or couples where at least one partner is over 55.

These new Cash-Flow-Positive Villa’s are approved by NRAS and investors will receive $9,981 tax-free per year for 10-years in cash and tax incentives.

SMSF buyers with minimum $82,000 in combined super can purchase under a single contract with an additional $5,000 on the purchase price applicable. Minimum combined incomes of $120,000 are required.

Buyers also receive negative gearing taxation benefits.

You can purchase a brand new 3 bedroom (2 bedroom is available for $290,000), 1 bath with 1 garage Villa (house and land package) for $310,000 plus land stamps.

The deposit required is $31,000 plus land stamps of $2,400 and allow $2,000 for your conveyancing, gov’t fees etc totalling $35,400.

Borrow up to 90% of $310,000 using Westpac’s 90% NRAS 3-yr fixed rate loan product for example with an annual repayment of $279,000 x 5.39% = $15,038.
There will be annual NRAS fees of 5.5% on the $9,981 NRAS = $548
Total payments not including Council Rates, Insurances etc = $15,586 per year.

Buyers can purchase using cash or equity of $35,400.

Market Rent is $280 per week discounted by 20% for NRAS.

NRAS property management fees per week = $31.

Rate of Return is 3.75%

$1,000 refundable holding deposit secures one of the remaining three that are currently available for sale.

Download the Presentation Brochure here: http://www.nrasforsale.com.au/pdf/VillaBunburyWAwithNRAS_Oct2012NRASforSale.pdf

Contact Robert Kirk Today on 07 3666 0126 to find out more.

To secure your Villa, complete the 2nd last page in the attached presentation brochure and return to our office by fax 07 3666 0098 or email: rkirk@nrasforsale.com.au.