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East Bendigo Homes

Search Investment Properties » East Bendigo Homes » Lot 3
 
 

4 Jackman Court East Bendigo VIC 3350 Australia

Investment Property in East Bendigo, South Western Victoria, Victoria
 
 
 
 
 
 
 
NRAS
This investment property is eligible for the National Rental Affordability Scheme (NRAS): Government backed 10 year rental incentive.

House & Land   Lot 3

Select Investment Property: 

Physical Attributes

Status: Available Compass: North-West of Melbourne
Aspect: South-West Title: Strata
Bedrooms: 3 Bathrooms: 2 (1 Ensuite)
 
House Area: 166.7 sqm Land Area: 328 sqm
Elevation: 245.3m above sea level
Parking: 1 
Start Date: 01/08/2012 Completion Date: 22/12/2012
 
Special Needs: No 
On-Site Manager: No
Inspection Times: Appointment Only
 
Investment Property Overview

These prestigous homes are located in a well sought after suburb of East Bendigo, an infill development that is centrally located in an established area.

Utilising a modern design these homes will be completed to the highest standard and will be presented in a turnkey fashion so the tenants will be able to move straight in.

Turnkey features include stainless steel appliances, landscaping, window blinds, TV arial. dishwasher and luxury upgrade facade.

The transaction will include a land contract which will require a 5% deposit and separate building contract with standard HIA progress payments after land settlement.

Investment Information

Costs
Price: $399,000 Stamp Duty: $4,070
Min Cash Deposit: 20% Land Value: $150,000
 

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.
8.85% p.a. (Historical) 1.29% p.a. (Historical)
3.76% (2011) 1.85% (2011)
6.66% 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: 12.78%
Gross Yield: 6.12%
 
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: $159
Net Yield: 4.89%
 
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: 23.61% Market Rent: $380 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: $1,200 p.a. Water: $600 p.a.
Strata Fee: $400 p.a.
 
Expenses
Management Fee$1897
Land Lord Insurance$350
Maintenance$450
Strata$400
Council$1,200
Water$600
Year 1 Expenses$4,897
10 Year Average$5,771
Expenses are indexed to CPI.
Expenses: $4,897
 
 
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:$399,000
+Stamp Duty:$4,070
+Conveyancing:$950
+Dep. Report:$575
+Closing Costs:$0
+Loan Costs:$1,624
-Cash Invested$79,800
Loan Amount$326,419
Loan Amount: $326,419
Rent Per Week: $380 Rental Vacancy Rate: 4.00%
Interest Rate: 6.75% Inflation Rate: 3.6%
Cash Deposit: $79,800 NRAS: Yes
 

National Rental Affordability Scheme (NRAS)
Credit: $9,981 Less Audit Managers Fee: $749
Rent Discount of 20% to $304 per week.
 
Discounted Rent
Market Rent$380
NRAS Discount20%
Discounted Rent$304

Area Information

Map & Streetview

Price List

View All Properties
#PriceTypeLevelAspectBedsBathsCar Int m2 Ex m2
Lot 3$399,000House & Land South-West 3 2-1E 1 167 328