10/18 Queen Street, Little Grove WA 6330

While there are no subsidies for potential owner-occupiers, this property also presents a great lifestyle choice for singles or couples from first home buyers to budget conscious retirees. The rear of the unit has a near new outdoor patio which is the perfect place to lay back and relax with a glass of wine and a good book.

On the other hand, introducing an investment opportunity offering substantial guaranteed annual tax benefits and an excellent location and strong appeal for prospective tenants who qualify.

This on trend home unit stands to the far side of a modern residential complex on a low upkeep lot in a quiet cul-de-sac off a no-through-road in a picturesque harbourside community only 10 minutes from downtown Albany.

It forms part of the National Rental Affordability Scheme (NRAS) designed to increase the supply and affordability of quality rental homes for low to moderate income earners across Australia over the next six years. Qualifying tenants pay the current market rent as set by the NRAS less 20-per cent and the investor receives significant government annual tax incentives for buying the unit.

The WA Government provides an annual cash payment of $2,762 TAX FREE and the Federal Government provides a Tax Offset of $8,286 to each investor. These Subsidies are subject to CPI increases.
The later sum will be provided as a refund on the tax you have paid, resulting in yields way above that of a standard rental property.
As an example, an investor with an income in the 30 per cent tax bracket, would receive an income equivalent to a yield in excess of nine per cent, with depreciation included.
This would apply after factoring in the equivalent income required to receive the same amount of net income due to the tax breaks.



Strategic tax advantages and a great location for attracting tenants or too owner occupy and enjoy this near coastal living. Call Jeremy Stevenson on 0427 183 688.