Suffolk Street

Caversham WA 6055

Just released! This 2 level new full turn-key home suits: First & second home buyers - Buy this home and your loan repayment may only be $160* per week when using tenant income, Gov't tax and cash incentives from NRAS and negative gearing tax benefits! Property investors wanting 3 income streams per year + negative gearing benefits that may apply. Home is not suitable for SMSF buyers. This Caversham Perth property is a 2-storey dual occupancy house and land package with 8+ years of optional Gov't NRAS on the top level. It comes with 3 different facades, alternate colour schemes and more! Caversham is located within the City of Swan 20 kilometres north east of Perth City. It has a population of approximately 2, 693+ with a median age of 34, all of whom reside in the picturesque Swan Valley region. Nearby schools include Caversham Primary School, Corridors Secondary College, East Beechboro Primary School, Governor Stirling Senior High School, Guildford Primary School, Lockridge Primary School, Midland Primary School and West Midland Primary School, making Caversham a convienent location for those with children or those looking to raise a family. The home has 3 bedrooms on the ground level and a 1 bedroom fully self-contained home on the top level. Ground level consists of 3 large bedrooms, 2 bathrooms (bath), alfresco and a 2 car garage. Top level consists of 1 double bedroom, 1 bathroom, balcony with views and an optional carbay. The builder New Level Homes will have your new home ready in 33 weeks. Includes carpets, tiles, blinds, light fittings, fences, gates, landscaping, sub power meter, 2 x clotheslines and double letterbox. The NRAS incentive is 8+ years from Questus and will be transferred by the seller to the 1br home upon completion. Rental income/s pw (based on realestate.com.au 27/10): 3 bedroom home $380 1 bedroom home (suits a couple) $260 x 80% NRAS discount = $208 NRAS value pw:$214 ($11, 114 pa 2018 value) Land price $235, 000 - $10, 000 builder rebate (reduced the build price) = $225, 000 Stamp duty on land for first home buyers $387 Stamp duty on land for seasoned home buyers $6, 752 Stamp duty on land for property investors $6, 752 10-year rental guarantee available on the ground level home if and when required throughout ownership. Caversham's annual growth rate is 3.16% (source CoreLogic 27/10) Gross annual rental yield for investors is 6.31% Gross annual rental yield for home owners is 3.54% Home owners living in the 3br home can expect weekly income after expenses of ($208-$28.60-11.75+$214=) $381 pw or $19, 812 pa from the top level. Property investors renting out both levels can expect weekly income after expenses of ($380+$208-$29.60-$28.60-11.75-34.61-18.50+$214=) $679 pw or $35, 308 pa. Talk to us about 90% lvr investment loans and 95% lvr owner occupied loans from popular banks and non-bank lenders. Call Robert on 0403 577 353 to discuss this opportunity. Visit the website https://empowerhousing.com.au for calculations using your income.