A house in 10714/PS634218 Craigieburn VIC. Data from comparable sales value it at about $540,000. Built in 2013, featuring 4 bedrooms and 2 bathrooms.
PLEASE READ DESCRIPTION BEFORE CALLING - INVESTORS ONLY! THIS PROPERTY IS SUITED FOR INVESTORS AS IT MUST BE LEASED FOR THE FIRST 10 YEAR PERIOD FROM COMPLETION UNDER THE NRAS SCHEME. PLEASE FIND INFORMATION BELOW.How does NRAS work?Under the National Rental Affordability Scheme, investors receive a tax-free incentive per annum, currently $9,981 (indexed annually) for each approved dwelling, rented at 20% below current market rent for a 10-year period. In certain markets, compared with a traditional property investment the tax-free incentive can provide a better cash return than charging the current market rent on the property.An example below shows the advantage of investing in the NRAS model over standard property investment.Example:$350.00 (market rent per week)-$70.00 (20% of market rent per week)-----------$280.00 (NRAS rent, 20% lower than weekly market rent)+$192 approx (NRAS incentive reduced to weekly amount)-----------$472 (rent received with NRAS incentive applied per week)Currently leased at $1290 per calendar month ($15,480 per annum) plus a further TAX FREE income of $9,981 making it a TOTAL RETURN OF $25,461 PER ANNUM.The Bridgehaven Estate is the perfect combination of location & lifestyle. Offering 4 bedrooms, open plan kitchen/meals/family area, stainless steel appliances with stone bench tops, split system heating and cooling, master bedroom with walk in robe and ensuite, main bathroom, double lock up garage, low maintenance backyard with alfresco plus much more. All situated in one of Craigieburn's most popular pockets with all the amenities close by including the Stockland shopping centre, public transport, local schools, MCG sized football oval (Highgate Reserve) and surrounded by parkland. This home really is the complete package, be quick to inspect as it won't hang around for long.-Disclaimer - all information regarding the NRAS scheme and tax free income benefits has come directly from www.nraspropertysales.com.au