This is the perfect start for a first home buyer looking to take advantage of the first home buyer grant. Don’t wait to build, get in now and take advantage of this amazing 3 bedroom home.
This is also an amazing opportunity for investors to take advantage of a brand new home with great depreciation benefits. Make sure you talk to your accountant about this investment opportunity.
Finally this is a great home for any person to take advantage of living in a brand new home. This will not last long so make sure you secure it today.
30 Laurel Street boasts:
- 3 bed, 2 bath, 1 car
- plenty of storage
- 2 x airconditioning
- master with ensuite & a/c
- Fully fenced
- Ready to inspect and move in.
- The land is 600 square metres (600 square metres is large for new houses, as 90% of all new developments are between 300400sqm).
- The land is a battle axe block.
- The land back onto open reserve at the rear.
- Very quiet and peaceful spot.
It is positive geared by $52.66/week
CASH FLOW
Normal rental Purchase Price $329,000
Buying costs @ 3.5% $11,515
TOTAL COST $340,515
CASH FLOW
Weekly Loan interest only $316.34
Council Rates $27
Water Rates $25
Management – 7.5% normal $26
Insurance $13
TOTAL EXPENSES $407.34
Minus Rent $350
Depreciation(estimate only) $110
TOTAL INCOME $460
CASH FLOW WEEKLY $52.66 RETURN
Based on rent/wk x 52 divided by Purchase Price = 5.55%
Disclaimer: This is an estimate only and not to be relied upon