Last one!
Now a Double NRAS property!!!
This to be constructed dual occupancy home is located in the new Alkina Estate of Wellard https://goo.gl/maps/R8ALnE83mXp. Land is expected to be titled in Jan 2018.
Build time is approx 8 months from land settlement.
This new property includes 2 x $11,114 p.a Gov’t Tax Free NRAS ‘substitution’ Incentives.
NRAS Dwelling 1 = 2 years remaining
NRAS Dwelling 2 = 3 years remaining
Alkina Private Estate is nestled in just off Millar Road on the eastern side of the Freeway. This area is fast growing and home to many new families creating a close knit and supporting community.
What can investors expect when buying this property?
1. 2 x Gov’t NRAS Incentives currently valued at $11,114 each (2017-2018)
2. 2 x sets of tenant-rents totalling $480 pw
3. Wellard is a 30+ minute drive from the CBD of Perth
4. One of WA’s highest gross rental yields at 9.6%+
5. Dual Occupancy homes contain two independent homes and tenancies on one lot and title therefore only 1 set of council rates apply
6. Dwellings are full turn-key and include floor coverings, wall coverings, site works, landscaping, security, reticulation and much more!
Not suitable for SMSF buyers as this is a house and land package with 2 contracts. Builder is Port Bouvard Homes.
Only 1 available as at 7th Dec
Lot No 5
Lot Size (m2) 459
Frontage (m) 15
Lot $184,000
House $306,656
Total $490,656
Market & discounted rents
3br rent $330 p.w less 20% NRAS discount = $264 p.w
2br rent $270 p.w less 20% NRAS discount = $216 p.w
Total rents = $480 p.w + NRAS value $428 pw = $908 p.w or $47,216 p.a!
Pay stamps on land only $4,908 (includes fees)
Council rates circa $1,600 p.a
Water rates circa $800 p.a
Gross Rental Yield of 9.6%
Weekly holding expenses $150 (incl council rates, water rates, NRAS fee, property management fee and insurance)
Alkina Private Estate is nestled in just off Millar Road on the eastern side of the Freeway. This area is fast growing and home to many new families creating a close knit and supporting community.
With Perth City just 30 minutes north via the freeway and Mandurah 30 minutes south, this central location provides convenience to other established facilities such as Cockburn Central, Baldivis and Kwinana.
With some of Perth’s most beautiful beaches within easy reach, your tenants can spend their weekends picnicking on the white sands and playing for hours in the clear blue waters. A short 6 minute drive from your new home is Wellard Square, Wellard’s local shopping area where you will find Woolworths, restaurants, cafs, a bakery and retail stores. You will also find the Wellard Train Station there, where you can take advantage of both the Bus and Train services.
Visit the Empower Housing Group website https://www.empowerhousing.com.au for more information on the National Rental Affordability Scheme.
Contact Robert Kirk of Empower Housing Group on 1300 859 075 or rkirk@empowerhousing.com.au for an investors information pack tailored to your situation.