This duplex is located in a modern estate of Caboolture. With each unit containing 3 bedrooms, 2 bathrooms, and 1 car space, investors take note - this property returns a High Yield. How does 8.9% sound? NRAS approved and tenanted.
NRAS is not available to owner occupier so this property is prime for an astute investor.
Excellent long term tenants - low maintenance investment.
What is NRAS?
The National Rental Affordability Scheme 'NRAS” is an Australian Federal Government initiative that provides Tax-Free Cash Incentives (currently $11,114.33 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.
Each Property Features
- 3 generous bedrooms
- Air conditioning with ceiling fans
- Master with Ensuite plus second bathroom
- Built in wardrobes
- Internal Laundry
- Dishwasher and Stainless Steel Appliances
- Single lock up garage with internal access
- Fully fenced
Property type: Duplex
Please call Michelle Kennedy on 0409 022 755 for more information or to discuss receiving an investment analysis on this property.