3/4 Alexander AvenueHighfields QLD 4352
Property Details for 3/4 Alexander Ave, Highfields
3/4 Alexander Ave, Highfields is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 120m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (May 2023)
Offers over $360,000 per unit!
Offering to the market 3x 2 bedroom, 2 bathroom units! The units ticks all the boxes for downsizers, first home buyers and astute investors.
For investors looking for a great buy that offers some amazing tax incentives, this property could be just what you have been looking for. If you are familiar with the NRAS scheme you will know this property is an excellent investment.
FEATURING:
- 2 bedrooms with ceiling fans and built in robes
- Master bedroom with ensuite and air conditioning
- North facing dining area opening on to the covered outdoor entertaining area in the private fenced yard
- Tiled living, kitchen and dining area
- Modern kitchen with stainless steel electric appliances
- Air conditioning and ceiling fans to the main living area
- Main bathroom with separate shower, bath and toilet
Located just a stroll from public transport and a short drive to the local shopping centre (which hosts Woolworths and many food outlets), schools and a kindergarten.
Tenanted until April 2023 with immaculate tenants.
UNBEATABLE RETURNS WITH NRAS INCENTIVES
The National Rental Affordability Scheme (NRAS) is an Australian Government initiative to supply affordable rental dwellings. NRAS investors are eligible for substantial tax-free incentives that are not available to conventional, individual residential property investors, with each approved dwelling attracting an annual incentive for 10 years. The two key elements of the Incentive are:
- A Commonwealth Government Incentive currently of $8,343.05 per dwelling per year as a refundable tax offset or payment; and
- A State or Territory Government Incentive currently of $2,781.02 per dwelling per year in direct or in-kind financial support.
The future path you take with this property is flexible! You can either:
1. Continue with NRAS and reap the benefits for the remaining NRAS term with the reassurance of a solid rental income;
2. Remove it from the scheme and rent it through the standard rental market once the current lease expires, or;
3. Collect the rental income for the remainder of the current lease and then move in.
Council rates $1,145.21 per half year
Property History for 3/4 Alexander Ave, Highfields, QLD 4352
- 16 Feb 2023Sold for $360,000
- 07 Oct 2022Listed for Sale UNDER CONTRACT
- 06 Jan 2016Listed for Rent $265 / week
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About Highfields 4352
The size of Highfields is approximately 26.2 square kilometres. It has 26 parks covering nearly 2.2% of total area. The population of Highfields in 2011 was 8,011 people. By 2016 the population was 8,114 showing a population growth of 1.3% in the area during that time. The predominant age group in Highfields is 10-19 years. Households in Highfields are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Highfields work in a professional occupation. In 2011, 83.2% of the homes in Highfields were owner-occupied compared with 80.8% in 2016.
Highfields has 4,084 properties. Over the last 5 years, Houses in Highfields have seen a 72.36% increase in median value, while Units have seen a 75.62% increase. As at 30 September 2024:
- The median value for Houses in Highfields is $921,556 while the median value for Units is $520,050.
- Houses have a median rent of $625 while Units have a median rent of $350.
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