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Bruce St Box Hill

Search Investment Properties » Bruce St Box Hill » Unit 3.06
 
 

10 Bruce Street Box Hill VIC 3128 Australia

Investment Property in Box Hill, Melbourne, Victoria
 
 
 
 
 
 
 
NRAS
This investment property is eligible for the National Rental Affordability Scheme (NRAS): Government backed 10 year rental incentive.

Apartment   Unit 3.06

Select Investment Property: 

Physical Attributes

Level: S/L 3/6
Status: Available Compass: East of Melbourne
Aspect: South Title: Strata
Bedrooms: 1 Bathrooms: 1 (0 Ensuite)
 
Internal Area: 41.6 sqm External Area: 6 sqm
Total Area: 47.6 sqm
Elevation: 88.8m above sea level
Parking: 1 Basement
Start Date: 16/04/2012 Completion Date: 01/04/2013
 
Special Needs: No 
On-Site Manager: No
Inspection Times: Appointment Only
 
Investment Property Overview

These Bruce street apartments are located in downtown Box Hill, one of the most popular and sought after areas of metropoliton Melbourne.  This unique development of 25 apartments are architecturally designed and will be fitted with upgraded fittings and fixtures, completion is expected to be in the first quarter of 2013.

Close to parks, shops and public transport these apartments are expected to lease prior to construction being completed, the area is highly sought after by tenants which is shown in the extremely low vacancy rates in the Central Box Hill precinct.

The development has a mixture of 1 and 2 bedroom apartments each with a carspace for the occupant, the dwellings will be occupied by a mixture of tenants and owners, allowing for a good mix of residents.

Transaction details include a 10% deposit and the remaining at settlement after completion in late 2012.

Investment Information

Costs
Price: $360,000 Stamp Duty: $1,000
Min Cash Deposit: 20%
 

Capital Growth

 
Capital Growth
Historical capital growth data provided updated at the end of Q1 each year.

Population Changes

 
Historical Population Change
Historical data provided by the Australian Bureu of Statistics (ABS) and updated at the end of Q1 each year.
9.79% p.a. (Historical) 1.52% p.a. (Historical)
-5.66% (2011) -1.05% (2011)
5.72% p.a. (5 year predictive)
 
 
Investment Returns
Various units of measurement for investment property performance.

Investment Returns
 
Total Return
The sum of 'Predicated Capital Growth' and 'Gross Yield'.
 Total Return: 12.22%
Gross Yield: 6.50%
 
Gross Yield
Annual rental income as a percentage of purchase price BEFORE factoring expenses.
 
Weekly Cash Flow
The weekly cash flow the investment averages over 10 years.
 Weekly Cash Flow: $146
Net Yield: 4.76%
 
Net Yield
Annual rental income as a percentage of purchase price AFTER factoring non-finance expenses.
 
Internal Rate of Return (IRR)
Represents the effective 'interest rate' that you receive for your cash invested over a 10 year period.
 		IRR: 22.19% Market Rent: $355 per week.
 
 
Levies
Recurring expenses associated with owning the property which the landlord is generally required to pay. These are estimates provided by the lister of the property and are factored into all performance calculations.

Levies
Council: $1,500 p.a. Water: $600 p.a.
Strata Fee: $1,600 p.a.
 
Expenses
Management Fee$1772
Land Lord Insurance$350
Maintenance$450
Strata$1,600
Council$1,500
Water$600
Year 1 Expenses$6,272
10 Year Average$7,392
Expenses are indexed to CPI.
Expenses: $6,272
 
 
Investment Assumptions
These are the values that have been used or entered by you at the top of the page to perform the calculations.

Your Investment Assumptions
Total Income: $85,000
 
Loan Amount
Price:$360,000
+Stamp Duty:$1,000
+Conveyancing:$950
+Dep. Report:$575
+Closing Costs:$0
+Loan Costs:$1,453
-Cash Invested$72,000
Loan Amount$291,978
Loan Amount: $291,978
Rent Per Week: $355 Rental Vacancy Rate: 4.00%
Interest Rate: 6.75% Inflation Rate: 3.6%
Cash Deposit: $72,000 NRAS: Yes
 

National Rental Affordability Scheme (NRAS)
Credit: $9,981 Less Audit Managers Fee: $749
Rent Discount of 20% to $284 per week.
 
Discounted Rent
Market Rent$355
NRAS Discount20%
Discounted Rent$284

Area Information

Map & Streetview

Price List

View All Properties
#PriceTypeLevelAspectBedsBathsCar Int m2 Ex m2
Unit 2.02$450,000Apartment S/L 2/2 North 1+St 1 1 51 7
Unit 2.03$445,000Apartment S/L 2/3 North 1+St 1 1 50 6
Unit 2.06$445,000Apartment S/L 2/6 South 1+St 1 1 51 6
Unit 2.07$440,000Apartment S/L 2/7 South 1+St 1 1 50 6
Unit 3.06$360,000Apartment S/L 3/6 South 1 1 1 42 6