803/7 Union StreetNundah QLD 4012
Property Details for 803/7 Union St, Nundah
803/7 Union St, Nundah is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 69m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in Nundah in the last 12 months.
Last Listing description (September 2018)
This is an ideal investment opportunity for those looking to begin or add to a property portfolio.
Let's keep it simple.
1. The property has been vacant for a total of 5 days over 2 and a half years.
3. NRAS approved, roughly 2 and a half years into the 10 year scheme.
4. Excellent property management team in place to take care of everything for you.
Figures:
Rent: $300.00 per week - 20% below the current market rent as part of the National Rental Affordability Scheme (NRAS)
Administration Fee: $ 2,297.68 per annum *
Sinking Fund: $ 919.08 per annum *
Insurance: $ 175.11 per annum *
Urban Utilities: $ 233.44 last quarter
Brisbane City Council Rates: $ 374.60 last quarter
The property has been immaculately kept and sits on the top floor of the Nexus building taking in those beautiful Moreton Bay breezes and fantastic Nundah views, you really can see just about everything from up here. Features include:
Good size bedroom with air-conditioning
Ensuite & large built in wardrobe
Combined living & dining also air-conditioned
Spacious kitchen with stone top bench, electric cooktop & dishwasher
Study Nook with views out to the West
Large balcony with incredible views over Nundah
Plenty of storage & internal laundry with dryer
Secure car park
Just 100m walk into Nundah, this is a fantastic low risk investment to get your hands on, reap the rewards now during the NRAS period and watch your investment grow in the many years to come.
What is NRAS?
The national rental affordability scheme (NRAS) encourages large-scale investment in affordable housing. It offers tax and cash incentives to providers of new dwellings, provided they are rented to low, and moderate, income households at 20% below market rates.
The NRAS started on 1 July 2008 and offers annual incentives for a period of 10 years. The NRAS incentive is tax-free income and has two components:
a Federal Government contribution in the form of a refundable tax offset or payment to the value of $8,286.03 per dwelling per year in 2016-17.
a state or territory contribution in the form of direct financial support or an in-kind contribution to the value of at least $2,762.01 per dwelling per year in 2016-17.
This is a re-sale of an existing NRAS property, for further information please contact Krystal on 0423 556 510.
* Approximately
Information relating to NRAS sourced from the Australian Taxation Office Website. www.ato.gov.au
Property History for 803/7 Union St, Nundah, QLD 4012
- 08 Jun 2024Sold for $430,000
- 06 Jul 2018Sold for $285,000
- 08 Nov 2017Listed for Sale $299,000
Commute Calculator
Recent sales nearby
See more recent sales nearby
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Nundah 4012
The size of Nundah is approximately 3.9 square kilometres. It has 16 parks covering nearly 17.5% of total area. The population of Nundah in 2011 was 10,386 people. By 2016 the population was 12,150 showing a population growth of 17.0% in the area during that time. The predominant age group in Nundah is 20-29 years. Households in Nundah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nundah work in a professional occupation. In 2011, 43.8% of the homes in Nundah were owner-occupied compared with 40% in 2016.
Nundah has 8,322 properties. Over the last 5 years, Houses in Nundah have seen a 65.46% increase in median value, while Units have seen a 79.77% increase. As at 31 August 2024:
- The median value for Houses in Nundah is $1,146,055 while the median value for Units is $653,507.
- Houses have a median rent of $600 while Units have a median rent of $550.
Suburb Insights for Nundah 4012
Market Insights
Nundah Trends for Houses
N/A
N/A
View TrendN/A
N/A
Nundah Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
