Lot 101 on 500 Jeffrey Road Glen Iris in the City of Bunbury is the approved location for Australia’s last release of land with approved Gov’t Tax Free Incentives under NRAS from Questus Ltd.
“The South West region’s economy is booming, with over $3.5 billion of major projects currently under construction and a further $3.7 billion committed.”
This last one is suitable for SMSF buyers with balances of $110,000 (based on 70% LVR lending + s/duty)
What can investors expect when buying as a single contract off-the-plan or as house and land package Villa with NRAS?
1. 1 x NRAS Incentive currently valued at $11,114 each (2017-2018)
2. Very low purchase price with high returns + improving growth
3. Great location 1 hour & 44 mins drive from Perth
4. One of WA’s highest gross rental yields
5. Located in the South West Region of Bunbury with $3.5 billion of major projects currently under construction and a further $3.7 billion committed
Now available for contract and expected to be tenant-ready late 2018.
As is traditional with NRAS, this property is very cashflow positive.
Expected Rent
Market rent $320 pw (based on 2017 realestate.com.au listings) less 20% NRAS Discount = $256pw + NRAS incentive value $214pw = $470pw!
No Strata fee as this block is green title.
Expected operating expenses $95pw inclusive of insurances, property management fees and NRAS fees.
Gross Rental Yield 7.76%
Annual Property Growth 1.08%
(source RP Data March 2018)
Regional economic powerhouse of WA!
(sourced from the Gov’t website)
The South West region contributed $17 billion to the State’s economy in 2014 – an amount greater than any other regional area in Western Australia. The South West has displayed impressive economic growth over the years.
The Bunbury-Wellington region is a mix of mineral processing, energy production, mining and agriculture. It includes the region’s capital city of Bunbury which hosts a range of service, construction, engineering and manufacturing industries together with the Bunbury Port. Tourism is a growing aspect of the region varying from wine in the Ferguson Valley and Harvey areas to motorsports at Collie.
The port city of Bunbury is the regional capital of the South West Region of Western Australia. Surrounded by water on three sides, Bunbury boasts beautiful beaches, rivers and inlets and affords its residents unique waterfront living. Many of the city’s residents rely on mining, manufacturing, building and retail industries for their employment, working both within the city and in surrounding shires.
Bunbury is well serviced by road, rail and bus services and is only one and half hours drive from the state capital of Perth. It has its own small-scale airport and an express passenger train service which runs between Perth and Bunbury daily. The city offers a wide variety of retail shopping, and quality education (with its own university campus), health and sporting facilities.
The City itself is home to approximately 33,075 people, but the population of the Greater Bunbury area, which includes the adjacent urban centres of Australind, Leschenault, Eaton, Gelorup, Dalyellup and Stratham, is an estimated 67,090 people. Bunbury’s port is one of Australia’s biggest regional facilities. It services the export of bulk commodities such as alumina, woodchips and mineral sands.
Visit the Empower Housing Group website https://www.empowerhousing.com.au for more information on the National Rental Affordability Scheme.
Visit the City of Bunbury’s website for more on the location http://www.swdc.wa.gov.au/economy.aspx
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