16 George Miller Way

Ripley QLD 4306

All other bedroom's w/fans and built ins
Stainless steel appliances including a gas stove
Stone bench-tops in the kitchen and bathroom
Ample kitchen cupboard space
Family & Dining w/air-conditioner
Spacious alfresco entertaining area
Single lockup garage w/remote controls
Security Screens throughout
2x6.615kW Solar Panels
Opticomm Fibre Internet
Low maintenance block

For the Investor this property is under the National Rental Affordability Scheme (NRAS). The very basic explanation is that in exchange for charging 74.99% of the market rent to the tenant the State & Federal Government will pay an annual incentive payment.

The incentive amount for the current NRAS year is below, the State Government payment is cash to a bank account and the Federal Government payment is a fully refundable tax offset that your accountant claims on your tax return. It will either reduce your tax liability or if it is greater than the tax you owe it will be paid to you as a refund.

2021-22 NRAS Year
Contributed by
Australian Government Contribution: $8,343.05
State/Territory Contribution: $2,781.02
Total: $11,124.07

Unit 1
Rent Paid by Tenant per Week: $248
Rent Contributed by Australian Government per Year: $8,343.05
Rent Contributed by State Government per Year: $2,781.02
End Lease Date: 4th of February 2022 (04/02/22)

Unit 2
Rent Paid by Tenant per Week: $248
Rent Contributed by Australian Government per Year: $8,343.05
Rent Contributed by State Government per Year: $2,781.02
End Lease Date: 13th of December 2022 (13/12/22)

Total Rent for Both Sides
Rent Paid by Tenants per Year: $25,792
Rent Contributed by Australian Government per Year: $16,686.1
Rent Contributed by State Government per Year: $5,562.04
Total Rent per Year (Government, State, and tenants): $48,040.14

Rates: $910.25 per qtr
Water: $82.96 per qtr (excludes water usage)

Location:
Ipswich - 11 Mins
Springfield Central - 17 Mins
Brisbane - 40 Mins
Ripley Valley State and College Schools - 4 Mins
Raceview State School, Deebing Heights State School - 8 Mins
Ipswich Train Station - 15 Mins

Situated in the ever-popular suburb of Ripley this is the perfect opportunity for someone who wants to purchase a rare opportunity at a price you can actually afford. Secure both or just one, invest or live in the option is yours. With a short distance away from all the brand-new infrastructures including Coles Supermarket and associated specialty stores and the Ripley Waterpark the estate also offers a kindergarten, dog parks and plenty of green space to explore. Up the road you have the brand-new Ripley Valley State School and College including Prep to Grade 6 and Grade 7 to Grade 8 respectively. These duplexes are included in the catchment for both schools. Raceview, Yamanto and Booval shopping centres are only 10 minutes away and there is easy access to highways with only a couple of minutes to either the Cunningham or the Centenary Highway. CALL ME NOW to organise your private inspection or I'll see you at the next open home!

Disclaimer:
NGU Real Estate Ipswich has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.

Disclaimer:
NGU Real Estate Ipswich has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.