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Grey Street

Search Investment Properties » Grey Street » Best Performing
 
 

57 Grey Street Darley VIC 3340 Australia

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

Unit Grey Street  4/57

Select Investment Property: 

Physical Attributes

Block: Grey Street
Status: Available Compass: North-West of Melbourne
Aspect: North Title: Strata
Bedrooms: 2 Bathrooms: 1 (0 Ensuite)
 
Internal Area: 114.1 sqm External Area: 12.2 sqm
Total Area: 126.3 sqm
Views: No Furniture Package: No
Parking: 1 Lock up Garage
 
Special Needs: No 
On-Site Manager: No
Inspection Times: Appointment Only
 
Investment Property Overview
This is a unit investment property within the Grey Street project. It also includes a lounge room, laundry. Other features include air conditioning, stainless steel appliances. Within the development comprise security parking.

Ethan has secured 14 new homes which are due to be completed mid 2011. The design, sizes, colours and inclusions have been specifically chosen to meet the market’s demand. Ethan has obtained NRAS incentives for the homes, that will provide for an excellent investment opportunity over the next 10 years.

Investment Information

Price: $248,500
Capital Growth
 
Capital Growth
Historical and Predictive capital growth data provided by Residex and updated at the end of Q1 each year.
 
Total Return
The sum of 'Predicated Capital Growth' and 'Gross Yield'.
 Total Return: 13.41% 9.46% p.a. (Historical)
 
Weekly Cash Flow
The weekly cash flow the investment averages over 10 years.
 Weekly Cash Flow: $90 5.00% (2009)
 
Internal Rate of Return (IRR)
Represents the effective 'interest rate' that you receive for your cash invested over a 10 year period.
 IRR: 48.27% 5.83% p.a. (5 year predictive)
Gross Yield: 7.58%
 
Gross Yield
Annual rental income as a percentage of purchase price BEFORE factoring expenses.
Population Changes
 
Historical Population Change
Historical data provided by the Australian Bureu of Statistics (ABS) and updated at the end of Q1 each year.
Net Yield: 6.07%
 
Net Yield
Annual rental income as a percentage of purchase price AFTER factoring non-finance expenses.
 1.62% p.a. (Historical)
Min Cash Deposit: 5% 2.42% (2009)
Stamp Duty: $1,430
 Market Rent: $260 per week. 
 
 
Depreciation
Amount that may be depreciated where tax allowances apply (subject to investor's circumstances).

Applicable for both building and fixtures.

Depreciation
Building: $99,400 Fixtures: $12,425
 
 
Levies
Recurring expenses associated with owning the property which the landlord is generally required to pay. These costs 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: $450 p.a.
 
Expenses
Management Fee$909
Land Lord Insurance$350
Maintenance$250
Strata$450
Council$1,200
Water$600
Year 1 Expenses$3,759
10 Year Average$4,289
Expenses are indexed to CPI.
Expenses: $3,759
 
 
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:$248,500
+Stamp Duty:$1,430
+Conveyancing:$1,500
+Dep. Report:$545
+Closing Costs:$0
+Loan Costs:$2,396
-Cash Invested$12,425
Loan Amount$241,946
Loan Amount: $241,946
Rent Per Week: $260 Rental Vacancy Rate: 4.00%
Interest Rate: 7.25% Inflation Rate: 2.9%
Cash Deposit: $12,425 NRAS: Yes
 

National Rental Affordability Scheme (NRAS)
Credit: $9,140 Less Audit Managers Fee: $686
Rent Discount of 20% to $208 per week.
 
Discounted Rent
Market Rent$260
NRAS Discount20%
Discounted Rent$208

Area Information

Map & Streetview

Investment Property Synopsis

Area Initiatives

ABOUT BACCHUS MARSH

 

Bacchus Marsh is seen as a strategic growth area of Melbourne.Ethan and the Victorian Government has identified the area with high rental stress due to the extremely low rental vacancy. Recent Government spending has placed Bacchus Marsh as a strategic hub for growth within the surrounding area. With new infrastructure like the Regional Fast Train, Deer Park Bypass and the Western Freeway realignment commuters can connect to Melbourne within 35 minutes.

Originally a regional hub for a large farming community, more recently the township has become home to many families looking for a relaxed lifestyle and an easy commute to Melbourne,Geelong and Ballarat. With rental vacancy rates at an all time low, easy access to the freeway link, railway station and township amenities, the town is growing at a rapid rate to accommodate the influx of new residents.

Features

The new 2 bedroom, 2 bathroom homes include garages, balconys and courtyards, all with modern amenities, close to child care, schools, public transport and other local conveniences. The properties will include all turnkey features including landscaping, carpets, window furnishings, air-conditioning, aerial, fencing, driveway, paving, and dishwasher.

Close To
Train
Bus
Motorway
Shopping Centre
Local Shops
Childcare
Schools
College
University
Restaurants/Cafes

Price List

View All Properties
ActionsProperty InformationCapital GrowthReturn (p.a.)Rental YieldCash Flow
  ProjectEstatePostTypeBedsBathsPriceMinimum Deposit5yr ForecastNet IRRTotal Return Net Gross Per Week
view Grey Street investment property
Grey Street4/573340Unit21$248,500 $12,425 5.83%48.27%13.41% 6.07% 7.58% $90
view Grey Street investment property
Grey Street3/573340Unit21$248,500 $12,425 5.83%48.27%13.41% 6.07% 7.58% $90
view Grey Street investment property
Grey Street2/573340Unit21$248,500 $12,425 5.83%48.27%13.41% 6.07% 7.58% $90
view Grey Street investment property
Grey Street13/573340Unit21$248,500 $12,425 5.83%48.27%13.41% 6.07% 7.58% $90
view Grey Street investment property
Grey Street11/573340Unit21$248,500 $12,425 5.83%48.27%13.41% 6.07% 7.58% $90
view Grey Street investment property
Grey Street10/573340Unit21$248,500 $12,425 5.83%48.27%13.41% 6.07% 7.58% $90