This apartment has multiple options for investors, continue the balance of the NRAS term (approx. 6 years remaining) or rent as a regular tenancy at market rent. The property is also well suited to owner occupiers and first home buyers.
Built in 2014 this low maintenance complex with no lifts ensures continuous low Body Corporate fees. The apartment is positioned at the front of the complex on the top floor (level 2) and enjoys a green outlook with mountain views and river glimpses.
For the 2018 – 2019 NRAS year the Government incentive equals $11,192.13.
The existing NRAS tenancy is currently rented at $264 per week ($330 less 20%) with a one year lease expiring on 21st December 2018. NRAS has the option to be transferred or terminated. Further information regarding the National Rental Affordability Scheme can be found at the bottom of this description.
Apartment features include:
– Extra-large 14m2 entertainment balcony with pleasant outlook
– Open plan air conditioned layout
– Kitchen with stone bench tops, ample storage and stainless steel appliances including dishwasher
– Bedroom with built in robe and direct access to rear 7m2 balcony
– Two way bathroom and separate laundry
– Internal 43m2 + Balconies 21m2 = Total 64m2 + Car space 15m2
– Low Body Corp fees approx. $2,100 per annum
The complex comprises 32 apartments each with their own car space plus 8 visitor car parks, only 13 of these were eligible in the NRAS scheme. No lifts or pool ensures continuous low Body Corporate fees.
Fairfield is a convenient inner city suburb less 5km to Brisbane’s CBD with easy access to the M3 Motorway and major arterial roads. Close to train stations, express bus services and a city cat terminal nearby at Dutton Park. Hospitals, shopping, cafes and parks are all close by with the popular restaurant district of West End only minutes away too.
Body Corp approx. $2,100 per annum
Council Rates and Urban Utilities approx. $2,612 per annum
The National Rental Affordability Scheme (NRAS), is an attempt by the Government to address the shortage of affordable rental housing by offering financial incentives for up to 10 years for investors to provide affordable rental dwellings at least 20% below market rates to low and moderate income households.