House for sale

Kilrush Turn,

Ridgewood, WA

9 6 6
$1,110,000

Triple Nras H&l Package Perth Suburb Ridgewood

This set of 3 houses positioned on lots 13, 14 & 15 includes 3 x Questus NRAS incentives valued at $33,342 per year for the next 8+ years. That's at least $267,000 in cash and tax credits in addition to 3 x negative gearing tax offsets and 3 tenant rents.

These are packaged with zero boundaries, house and land packages with stamp duty payable on the land only. Approved and ready to commence construction as soon as you settle.

These are not suitable for SMSF buyers.

Buyers require equity or cash for deposits of minimum $130,000.

What can investors expect when buying this package?

1. 3 x NRAS Incentive currently valued at $11,114 each (2017-2018)
2. Low purchase price with high returns
3. Great location 34 mins drive from Perth CBD
4. One of WA's highest gross rental yields and growth rates
5. Side-by-side properties with no strata fees

Now available for contract and expected to be tenant-ready early 2018.

As is traditional with NRAS, this property is very cashflow positive.

Expected Rents for 2018

Market rent $320pw x 3 = $960 (based on 2017 realestate.com.au listings) less 20% NRAS Discount = $768pw + 3 x NRAS incentive value $642pw = $1,410pw or $73,320 p.a!

Expected operating expenses 3 x $106pw inclusive of insurance, council rates, water rates, property management fees and NRAS fees.

Gross Rental Yield 6.6%

Annual Property Growth 9.33%
(source RP Data June 2017)

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 1300 859075 or rkirk@empowerhousing.com.au for an investors information pack tailored to your situation
Last updated: 03:07PM on Jun 14th 2017
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