Three to be constructed (NRAS approved) Townhouses in Castle Point, Bundock Street, Belgian Gardens, Townsville are due to be completed in 2014. Now available for immediate sale. These are one bedroom with 1 bathroom complete with single exclusive-use carpark.
These are high-growth with positive cashflow. Suitable for inclusion in your self-managed super fund or to reduce your tax outside of super.
Be one of the lucky few to secure a brand new luxury townhouse at Castle Point.
Secure your brand new luxury townhouse in one of Townsville’s premier suburbs, and only 3km from the CBD. These are beautifully crafted with the highest quality fixtures and fittings.
Castle Point boasts all the first class facilities you’d expect in a development of this calibre; state-of-the art security, private car parking, resort style landscaping and lagoon pool with outdoor entertainment area, and of course, expansive and stylish townhouses with generous balconies or courtyards.
There is no better time to buy than now, and there is no better investment than a townhouse at Castle Point. But remember, townhouses in this quality development are limited so enquire today.
Vivo property management in Townsville have appraised the market rental on these 1 bedroom townhouses at $330pw.
Calcs look like this:
1 bedroom up to $330pw
30% discount for NRAS and property manager and your rental amount becomes: up to
$231pw
Add the NRAS incentive to the discounted rent of $200pw
Rents including the NRAS = 1br up to $431pw
Body corps of $42pw is to be deducted from the rents
End result: 1 bedroom up to $389pw or $20,228 p.a
+ PAYG investors receive taxation benefits from depreciation and interest deductions based on $90,000 salary of $137pw or $7,114 p.a
+ Capital growth over 10-years of NRAS at 4% p.a = $277pw or $14,407 p.a
Calcs for your SMSF look like this:
1 bedroom up to $330pw
30% discount for NRAS and property manager and your rental amount becomes: up to $231pw
Add the NRAS incentive to the discounted rent of $200pw
Rents including the NRAS = 1br up to $431pw
Body corps of $42pw is to be deducted from the rents
End result: 1 bedroom up to $389pw or $20,228 p.a
Property depreciation and interest costs will result in the SMSF unlikely to pay any income tax
Repayments based on borrowing 80% of the $300,000 purchase price using 6% interest rate = $277 pw or $14,400 p.a
+ Capital growth over 10-years of NRAS at 4% p.a = $277pw or $14,407 p.a
Government approved NRAS incentives provided by AMC.
Prices range from $300,000 to $370,000.
For more information on this high-growth positive cashflow NRAS opportunity, please contact Robert Kirk today on ph: 07 3666 0126 or 0403 577 353.