Attn Mum and Dad Property Investors with home equity of $160,000.

This double NRAS House and Land package is now ready for immediate sale!

Titled block in Madigan Estate Karratha NW WA approved for 2 sets of tenants.

Set in the popular suburb of Baynton West, Madigan Estate is Karratha’s newest residential community.

With a primary school, community centre and adventure playground within Baynton West and only minutes from the city centre, this is your chance to be part of this modern lifestyle.

Why Karratha?

Karratha remains the service centre for Chevron’s Gorgon LNG project – Australia’s largest ever single resource natural gas project, currently 75% complete and with total capex estimated at around $50 billion.

With the lifespan of Karratha’s other LNG project, Woodside’s Pluto (completed in 2012) estimated to be 40 years and Gorgon at least 40 years, these two projects alone will contribute to a constant demand for housing.

The Anketell port and strategic industrial area is another major project in the pipeline for Karratha which will further add to worker numbers. While there have been delays due to funding, the project was recently granted environmental approval and is critical to the development of three major Pilbara iron ore projects totaling $16 billion. These projects would bring in a combined construction workforce of 10,300 and operational workforce of 4,350.

For long term investors, a stable Karratha market with a more sustainable level of growth ahead of it is good news.

Yields remain exceptional especially when the tax breaks and cash rebates from the ATO and WA State Gov’t are included. Investors can expect 12%+ for quality new builds cementing Karratha as positive property town.

2 Annual NRAS incentives totalling $20,700+CPI for the next 10-years.

Market rents 3br $1,200 + 1br $650 = $1,850
NRAS rents (after 20% discount applied) $960 + $520 = $1,480
NRAS amounts ($20,700 / 52wks) $200 + $200 = $400
Total rental incomes + tax breaks + cash rebates = $1,880 pw or $97,760 pa

Tenant-ready July/August 2014

Gross rental yield 12.76%

Annual growth rate 15.61% source RP Data 21/3

Stamp Duty payable on land only

$1,000 refundable holding deposit required to secure this property.

Call Robert on 0403 577353 or email rkirk@empowerhousing.com.au for more information. Or, visit the website empowerhousing.com.au