Lot 109/500 Jeffrey Road Glen Iris WA 6230
New 4-bedroom Home Off-the-plan ' $22228 P.a Gov't Incentive's 8+ Years ' Tenant-ready Mid-late 2017Lot 109/500 Jeffrey Road, Glen Iris
What can investors expect when buying this property that includes 2 NRAS incentives?
1. 2 x Gov't NRAS Incentives currently valued at $11,228 each (2017-2018) = $22,228 p.a
2. 2 x sets of tenants with discounted NRAS rents that are indexed annually to CPI
3. Great location 1+ hour drive from Perth
4. One of WA's highest gross rental yields
5. Located in the South West Region of Bunbury with $3.5 billion of major projects currently under construction and a further $3.7 billion committed
6. NRAS term available is 8+ years
Not suitable for SMSF buyers.
Land sizes remaining from 461 - 524m2
As is traditional with NRAS, this property is very cashflow positive and on a single Green title to keep expenses at a minimum.
Valuation Rents on (identical) dual occupancy properties with double NRAS
3br (valuation) rent $320 pw
1br (valuation) rent $210 pw
Total rents = $530 pw less 20% NRAS Discount = $424 pw + NRAS value $427 pw = $851 pw or $44,520 p.a!
Pay stamps on land only $3,747 to $3,952.
Gross Rental Yield of 9.41%
Bunbury is well serviced by road, rail and bus services and is only one and a half hours drive from the state capital of Perth. It has its own small-scale airport and an express passenger train service which runs between Perth and Bunbury daily. The city offers a wide variety of retail shopping, and quality education (with its own university campus), health and sporting facilities.
The City itself is home to approximately 33,075 people, but the population of the Greater Bunbury area, which includes the adjacent urban centres of Australind, Leschenault, Eaton, Gelorup, Dalyellup and Stratham, is an estimated 67,090 people. Bunbury's port is one of Australia's biggest regional facilities. It services the export of bulk commodities such as alumina, woodchips and mineral sands.
Visit the Empower Housing Group website http://www.empowerhousing.com.au for more information on the National Rental Affordability Scheme.
Visit the City of Bunbury's website for more on the location http://www.swdc.wa.gov.au/economy.aspx
Contact Robert Kirk of Empower Housing Group on 08 6336 7109 or [email protected] for an investors information pack tailored to your situation.
- No inspections scheduled
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Real Estate For Sale in Glen Iris, WA 6230 priced between $330,000 and $610,000