Great Unit – 2 Options
Option 1: Buy to live and move in after the current tenancy
Option 2: Invest and use the National Rental Affordability Scheme
This easy care modern unit is situated on the level in the lovely suburb of Little Grove. Only minutes to town, close to the Albany Yacht Club and on the way to the great beaches, National Parks and Walking Trails located throughout the southern side of Albany.
This one bedroom unit has an open plan kitchen/dining area and another utility area that could be used for lounge/dining or whatever you need. The Bathroom and laundry are located together and there are plenty of windows to let in natural light. The kitchen is modern with stone benchtops and well appointed. The bedroom is a good size and there is a secure yard with garden shed. The unit has extra wide doors and no steps so is wheel chair friendly. You could also put on a patio as some of the owners in the complex have.
The units are built with modern materials, they are steel framed so no termites, they are well insulated and have instant gas hot water systems. The area is quiet and the gardens are waterwise with natives.
For investors: The NRAS scheme is a government run scheme that gives incentives for investors to provide housing and subsidised rent. The scheme runs over 10 years and this particular property will run until 20th August 2022 then the property reverts to a normal rental. The incentives are a Commonwealth tax offset (2020 - 2021) of $8452.94 plus a state cash incentive of $2817.65. These are CPI indexed with valuations done every 3 years. The scheme works as such….as the investor you get your rental income, tax offset, state cash incentive then your expenses. Once the incentive scheme finishes rents are then at the market rate. One of the properties that is not in the scheme is currently rented out at $255 per week. You have the flexibility to opt out if you wish.
So….two options, live in or invest….call Steve Walker today on 0400 993 879 or email on [email protected]
to have a viewing and decide which option suits you.