Now is the time to take advantage of these quality properties which are ideal for investment. The benefits of these properties are: close to all amentities, no progress payments, maximum saving on stamp duty, full advantage of tax depreciation, fantastic rental income and brand new property with upgraded inclusions.

Unit 3 ($329,000) – 3 bedrooms. 2 Bathrooms. 2 Car Garage. 285m2 block. 18.41 Squares.
Unit 4 & 7 ($284,000) – 2 Bedrooms. 1 Bathroom. 1 Car Garage.
Unit 10 ($292,000) – 2 Bedrooms. 1 Bathroom. 1 Car Garage.

No progress payments. A big attraction is the fact there is no progress payments. This means up until completion, there will be no loan payments and loss of money. For an example, if you build a brand new home with another builder, this means you will be paying progress payments and be charged interest at each stage of the building process eg. Slab, lock-up. With Auburn Rise, this is not the case. All is required is a 10% deposit once finance has been approved and the rest on completion. Once completed a tenant will be organised to move in and there is no loss of money due to vacancy. (Subject to getting the best qualified tenant).

Maximum saving on stamp duty. When buying an established property you will be paying FULL stamp duty. This is not the case with Auburn Rise. Currently if purchasing an established investment property at $319,000 you will be paying $15,873 in stamp duty. If purchasing off the plan for Unit 3 at $329,000 you will be paying $1,608.87 in stamp duty based on the Off The Plan Value. This is an instant saving of $14,267.13. Using the Stamp Duty Calculator: http://stampduty.calculatorsaustralia.com.au/stamp-duty-victoria .(Harcourts Pakenham will take no responsibility for accuracy or inaccuracy.)

Full advantage of tax depreciation. Being a brand new property, you can take full advantage of your Tax return by completing a depreciation schedule. With properties 5 years or older the depreciations claimable tends to decrease. (Please consult with your accountant on exact figures claimable for depreciation.)

Fantastic rental income. Please find blow rental income and rental yield, based off a 90% loan.
Unit 3 ($329,000) – $320 per week
Unit 4, 5 & 7 ($284,000) – $275 per week – $5.29% Rental Yield.
Unit 10 & 13 ($292,000) – $275 per week – $5.14% Rental Yield.
(Harcourts Pakenham will take no responsibility for accuracy or inaccuracy.)