OFF MARKET

10662 Mcgrath Street
Bellamack NT 0832

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 150m2
Land area: 400m2
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Property Details for 10662 Mcgrath St, Bellamack

10662 Mcgrath St, Bellamack is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2013. The property has a land size of 400m2 and floor size of 150m2.

Building Type
House
Year Built
2013
Floor Size
150m2
Land Size
400m2
Local Government
Palmerston

Last Listing description (November 2012)

BRAND NEW 3 BED 2 BATH 2 CAR DUPLEX WITH 1 X NRAS $9981
JUST RELEASED AND READY FOR IMMEDIATE SALE. THESE ARE ELIGIBLE FOR THE $10,000 NT BOOST BONUS PAYMENT. THEY ARE ALSO SMSF-READY AND COUNCIL APPROVED. CONSTRUCTION WILL COMMENCE IN NOVEMBER. THESE HOMES ARE SEPARATELY TITLED. $532,900 BUYS A 3BR HOME THAT INCLUDES 1 X NRAS $9981 PAYMENT PER YEAR FOR A MAX 10-YEARS. NT STAMPS ON THIS INVESTMENT PROPERTY IS $26,300. ESTIMATED LEGALS ARE $1,300. TOTAL PACKAGE INCLUDING STAMPS = $560,500. INCOMING RENT & NRAS CALCULATIONS: $640 MARKET RENT LESS 30% (20% NRAS DISC + 10% MANAGEMENT FEES) = $448 X 52WKS = $23,296 + CPI. NRAS INCENTIVE PAYMENT PA = $9981 + CPI. NEGATIVE GEARING BENEFIT BASED ON PAYG INCOME ($90,000PA) = $9,000 10-YEARS OF ANNUAL GROWTH BASED ON 5% PA = $323,817 DIVIDED BY 10 = $32,381 LESS NRAS FEES PA X 7.5% OF NRAS PAYMENT = $748 NET INCOME BEFORE COUNCIL RATES = $73,910 + CPI BORROWING CALCULATIONS: OUTSIDE OF SMSF BORROWING 100% $560,500 X 5.39% (3-YEAR WESTPAC FIXED RATE) = $30,210PA INSIDE OF SMSF BORROWING 80% $426,400 X 6.59% (BCU 3-YR FIXED RATE) = $28,099PA THESE ARE THE EASIEST PROPERTIES TO BUY IN AUSTRALIA. THE VALUERS LOVE THEM AS THEY VALUE TO THE PURCHASE PRICE, THEIR RENTS INCREASE ALMOST MONTHLY, LAND IN PALMERSTON APPEARS TO INCREASE BY $10,000 PER MONTH & THE MEDIA PROMOTES 0.4% VACANCY RATES. ONLY ZEST IN DARWIN WORKING IN CONJUNCTION WITH NRAS FOR SALE HERE IN BRISBANE ARE OFFERING THESE NEW HOMES. TALK TO ROBERT KIRK (NRAS SMSF ADVISOR) AS SOON AS YOU CAN TO DISCUSS USING YOUR HOME TO ACCESS THE EQUITY OR USING YOUR SUPER FUNDS. YOU ONLY NEED $80,000 IN EQUITY FROM THE FAMILY HOME OR EXISTING INVESTMENT PROPERTY TO BUY OUTSIDE OF SUPER. BUYING USING YOUR SUPER, YOU ONLY REQUIRE A COMBINED BALANCE OF $125,000. IMAGINE REDIRECTING THE DORMANT EQUITY IN YOUR HOME OR THE SUPER IN YOUR ACCOUNTS INTO ONE OR TWO OF THESE INVESTMENTS TO SIGNIFICANTLY INCREASE YOUR WEALTH. BUY ONE INSIDE OF SUPER AND ANOTHER OUTSIDE OF SUPER AND TAKE ADVANTAGE OF $20,000 PER YEAR IN TAX-FREE GOVERNMENT INCENTIVES TOGETHER WITH $648,000 IN CAPITAL GROWTH OVER THE NEXT 10-YEARS. IN DARWIN, NOTHING LASTS LONG. YOU NEED TO BE QUICK! TOO MANY BUYERS, NOT ENOUGH PROPERTIES. DOWNLOAD ETHAN PDS HERE. HTTP://WWW.NRASINDARWIN.COM.AU/PDF/NRAS-BROCHURE-ETHAN.PDF VISIT THE WEBSITE FOR MORE DETAILED INFORMATION. HTTP://WWW.NRASINDARWIN.COM.AU HTTP://WWW.NRASFORSALE.COM.AU

Property History for 10662 Mcgrath St, Bellamack, NT 0832

A timeline of how this property has performed in the market
  • 05 Nov 2012
    Listed for Sale $532,900

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About Bellamack 0832

The size of Bellamack is approximately 1.3 square kilometres. It has 5 parks covering nearly 20.4% of total area. The population of Bellamack in 2011 was 3,744 people. By 2016 the population was 2,445 showing a population decline of 34.7% in the area during that time. The predominant age group in Bellamack is 0-9 years. Households in Bellamack are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Bellamack work in a trades occupation. In 2011, 46.6% of the homes in Bellamack were owner-occupied compared with 36.5% in 2016.

Bellamack has 947 properties. Over the last 5 years, Houses in Bellamack have seen a 8.75% increase in median value, while Units have seen a 24.25% increase. As at 31 October 2024:

  • The median value for Houses in Bellamack is $606,939 while the median value for Units is $321,144.
  • Houses have a median rent of $670 while Units have a median rent of $550.
There are currently 23 properties listed for sale, and no properties listed for rent in Bellamack on OnTheHouse. According to CoreLogic's data, 69 properties were sold in the past 12 months in Bellamack.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.