The coastal town of Dunsborough is located in the South West of Western Australia on Geographe Bay and is less than an hour from the regional city of Bunbury, and an easy two and a half hour drive south from Perth.
Nearby towns include Busselton, Yallingup and Margaret River, which along with Dunsborough form the City of Busselton.
https://goo.gl/maps/SkM6K21Y82u is the Google Maps reference.
This Dunsborough Townhouse includes 2 Gov’t Tax Free NRAS Incentives from Questus Ltd. The 2-bedroom dwelling has 1 incentive and the 1-bedroom dwelling has 1 incentive.
What can investors and SMSF’s expect when buying this property?
1. 2 x Gov’t NRAS Incentives currently valued at $11,048 each (2016-2017) = $22,096 p.a
2. 2 x sets of tenants with discounted NRAS rents that are indexed annually to CPI
3. Great location only 1 hours drive from Bunbury. 2.5 hours drive South from Perth
4. One of WA’s highest gross rental yields
5. Dual Occupancy townhouses are double storey dwellings containing two independent apartments and tenancies on one lot and title therefore only 1 set of council rates apply.
6. NRAS term available is 8+ years
This home is priced for SMSF buyers and offered under a single contract. SMSF buyers require a minimum combined balance of $160,000 to cover 30% deposit & stamp duty, costs etc.
Vendor financing is available upon request.
Builder is BGC.
Deposit for single contracts is 10% of purchase price ie. $47,500
Valuation Rents on (identical) dual occupancy properties with double NRAS:
2br (Oct 2016 valuation) rent $330 pw
1br (Oct 2016 valuation) rent $270 pw
Total rents = $600 pw less 20% NRAS Discount = $480 pw + NRAS value $424 pw = $904 pw or $47,008 p.a!
Council rates circa $1,100 pa
Water rates circa $1,200 pa
Strata fees $924.60 pa
All inclusive weekly operating expenses circa $143
Gross Rental Yield of 9.9%
The Inverness Dual Occupancy townhouse is located on the southern boundary of the Dunsborough Lakes Golf Course, a championship level 18 hole course with excellent fairways and greens, and attractive water features on most holes.
With substantial frontage to the 15th fairway and green, and the adjoining water feature, there will be a discreet access point to the Dual Occupancies with suitable parking and amenities storage for the occupants.
Dunsborough and neighbouring Margaret River share an international reputation for wine making, beaches and world class surfing. The region is a popular destination for both local and international holidaymakers of all demographics, and the region boasts some of Western Australia’s most impressive natural attractions.
To service the holiday market (and to provide the highest possible return for the owners) a significant proportion of Dunsborough accommodation is designed to maximize the number of bedrooms and bathrooms. This has resulted in an ongoing shortage of affordable, suitably configured dwellings to service the local residential rental population.
The Dunsborough urban area has achieved healthy population growth in recent times and has a permanent population of approximately 4,000. The City of Busselton’s current population structure reflects a broadening of the area’s economy and increasing employment opportunities with a corresponding reduction in the significance of the area’s ‘retirement’ function.
This is highlighted by the reduction in the percentage of residents aged over 55 from 25.1% in 1996 to 23% in 2001 while the percentage of residents aged 5-54 increased from 67.5% to 69.9% during that time. Extract from the City of Busselton.
Visit the Empower Housing Group website http://www.empowerhousing.com.au for more information on the National Rental Affordability Scheme.
Contact Robert Kirk of Empower Housing Group on 0403 577353 or rkirk@empowerhousing.com.au for an investors information pack tailored to your situation.