This modern, well-presented large 4 bedroom house is the perfect opportunity for the smart investor. Buy in your Self Managed Super Fund and receive 9.5% gross yield, buy as PAYG and you still get 6.4%!! (Based on an investor salary of $80,000 + with $13,759 positive cash flow after tax).
Situated in a quiet part of Caboolture surrounded by bush land but close to primary and high schools, the house will certainly attract demand from young families and many other highly desirable tenants. Within walking distance to local parks, shopping centres, bus stops and less than 5kms to Caboolture train station so nothing is to far away. Caboolture is experiencing a growth of approximately 15.2% in the previous 5 years. Caboolture is currently the fastest growing region in Australia according to REIQ statistics.
Currently within the NRAS scheme, this property will allow you to achieve highly desirable tax benefits and tax free income, with 5 years left on the title. Or if you love the property and don't want it to be in NRAS we can help you vacate the scheme with minimal fuss.
The interstate owners are keen to sell and will look at all reasonable offers. The house offers 4 good sized bedrooms with built ins, the master with a walk in robe and en-suite, while the other two bedrooms come with built-ins and fans. Featuring a large kitchen with plenty of bench space and storage overlooking the air-conditioned open plan living/dining, a double garage which is a bonus for the occupants and as this is on a corner block with 2 street frontages plus a lovely courtyard for kids to play or kick a ball around on a 450m2 block.
What is NRAS?
The National Rental Affordability Scheme 'NRAS” is an Australian Federal Government initiative that provides Tax-Free Cash Incentives (currently $10,661) indexed annually for 10 years to certain residential property investors. This property has five years left, so you can double your return.
Tenants pay 20% under market rent, so while other properties sit vacant you'll be inundated with applications, giving you a better choice of quality tenants.
The Caboolture-Morayfield area is a high-quality location in the heart of South-East Queensland, one of Australia's fastest growing population areas with a chronic shortage in supply for affordable housing.
Not only does this area benefit from being within commuting distance of one of Australia's largest cities, the local area is packed full of all the amenities residents could ask for, with large retail shopping centres, recreational activity centres, high-quality medical facilities, world class equestrian centre, schools, new university as well as TAFE campuses, and even an airport!
All this comes with beautiful park and bushland, the Caboolture River, and beaches nearby.
The Morton Bay Regional Council is working on plans to guide the development of the Caboolture-Morayfield Principle Activity Centre into a regional centre that will play a key role in South-East Queensland's future.
The State Government has identified Caboolture-Morayfield as a Principal Regional Activity Centre (PRAC) in the South-East Queensland Regional Plan. Such centres are intended to provide a diverse range of jobs and services to meet the needs of residents and businesses and create a vibrant local economy.
In a jointly funded project, Council and the Queensland Government are working on a master plan to guide the development of Caboolture-Morayfield as a sustainable, people friendly, and innovative regional centre.
The master plan will include strategies for:
-Future commercial and retail development and redevelopment
-Identify the demand for future housing development
-Provision of community and cultural facilities needed
-The provision of public open spaces
-Integrated public transport
-Provision of infrastructure needed to meet the demands of a growing population
This Property includes
4 bedrooms, master with ensuite
Open kitchen, dining and lounge
Stainless steel appliances
Air-conditioning and insulation
If you would like further information and a copy of the investment analysis report, please contact Michelle Kennedy 0409 022 755