Now is the time to take advantage of these quality properties which are ideal for live in or investment. Construction has begun and with over 75% sold you need to be quick! The benefits of these properties are: Close to all amenities, no progress payments, maximum saving on stamp duty, full advantage of tax depreciation, fantastic rental income and brand new property with upgraded inclusions.
Unit 6 & 7 ($284,500) - 2 Bedrooms. 1 Bathroom. 1 Car Garage.
No progress payments. A big attraction is the fact there is no progress payments. This means up until completion, there will be no loan payments and loss of money. For an example, if you build a brand new home with another builder, this means you will be paying progress payments and be charged interest at each stage of the building process eg. Slab, lock-up. With Auburn Rise, this is not the case. All is required is a 10% deposit once finance has been approved and the rest on completion. Once completed a tenant will be organised to move in and there is no loss of money due to vacancy. (Subject to getting the best qualified tenant).
Maximum saving on stamp duty. When buying an established property you will be paying FULL stamp duty. This is not the case with Auburn Rise. Currently if purchasing an established investment property at $284,500 you will be paying $13,093 in stamp duty. If purchasing off the plan for Unit 4 at $284,500 you will be paying $1,341.23 in stamp duty based on the Off The Plan Value. This is an instant saving of $11,720.77. Using the Stamp Duty Calculator: http://stampduty.calculatorsaustralia.com.au/stamp-duty-victoria .(Harcourts Pakenham will take no responsibility for accuracy or inaccuracy.)
Full advantage of tax depreciation. Being a brand new property, you can take full advantage of your Tax return by completing a depreciation schedule. With properties 5 years or older the depreciations claimable tends to decrease. (Please consult with your accountant on exact figures claimable for depreciation.)
Fantastic Rental Income.
Please find blow rental income and rental yield, based off a 90% loan.
Unit 6 & 7 ($284,500) - $275 per week - $5.29% Rental Yield.
(Harcourts Pakenham will take no responsibility for accuracy or inaccuracy.)
Brand new property with upgraded inclusions. Quality fixtures and fittings throughout, highlight the attention to detail, with designer-style finishes to create a life you'll love. This includes Turn-key home with landscaping, driveways and finishes, Casearstone kitchen benches, stainless steel cooktop, oven & rangehood, glass splashbacks, designer caroma tapware, choice of carpet, tiles or laminated timber look flooring, 2550mm ceilings throughout, gas ducted heating, remote control garage door, gainsborough door furniture, low maintenance living and room to move! Please contact Harcourts Pakenham for more information on inclusions.
Close to all amenities. Located in the Pakenham Hills Estate you a close to bus public transport, Cardinia Lakes Shopping Centre, Childcare Centre, Pakenham Hills Primary School, Cardinia Lake, Pakenham Train Station, Access to M1 Freeway and Pakenham Recreation Reserve.
This is an opportunity not to be missed! Contact Marcus Washington for more information.
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