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Lobelia Court Townhouses

Search Investment Properties » Lobelia Court Townhouses » Lot 1
 
 

2 Lobelia Court 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.

House & Land   Lot 1

Select Investment Property: 

Physical Attributes

Status: Available Compass: West of Melbourne
Aspect: North Title: Free Hold
Bedrooms: 4 Bathrooms: 2 (1 Ensuite)
 
House Area: 192.7 sqm Land Area: 309 sqm
Elevation: 166.1m above sea level
Parking: 2 Garage
Start Date: 01/03/2012 Completion Date: 01/08/2012
 
Special Needs: No 
On-Site Manager: No
Inspection Times: Appointment Only
 
Investment Property Overview

Lobelia Court Townhouses are located in a new estate in a sought after area of Bacchus Marsh, surrounded by new homes the area is a haven for young families looking for a safe neighbourhood within easy drive from Melbourne, Geelong, Ballarat and Gisborne. 

These homes create a lovely alcove with a private driveway for residents, ideal for young families with children.  Each of the homes will be built by JG King and are packaged as two individual land and building contracts.

Houses includes family room and meals area, laundry, built-in wardrobes. The kitchen is equipped with cooktop, oven, rangehood and dishwasher. Other features include air conditioning, stainless steel appliances and gas cooktop. Turnkey features within the packages include carpet and floor tiles, landscaped courtyard, window blinds, letterbox and arial with 2 TV points. 

This project involves a single contract with 5% deposit and the remaining payable when the construction is finished and tenant ready to move in.

 

Investment Information

Costs
Price: $335,000 Stamp Duty: $2,390
 

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.
8.12% p.a. (Historical) 1.67% p.a. (Historical)
8.22% (2011) 4.17% (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: 13.59%
Gross Yield: 6.93%
 
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: $139
Net Yield: 5.63%
 
Net Yield
Annual rental income as a percentage of purchase price AFTER factoring non-finance expenses.
Market Rent: $350 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: $0 p.a.
 
Expenses
Management Fee$1747
Land Lord Insurance$350
Maintenance$450
Strata$0
Council$1,200
Water$600
Year 1 Expenses$4,347
10 Year Average$5,124
Expenses are indexed to CPI.
Expenses: $4,347
 
 
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:$335,000
+Stamp Duty:$2,390
+Conveyancing:$950
+Dep. Report:$575
+Closing Costs:$0
+Loan Costs:$1,695
-Cash Invested$0
Loan Amount$340,610
Loan Amount: $340,610
Rent Per Week: $350 Rental Vacancy Rate: 4.00%
Interest Rate: 6.50% Inflation Rate: 3.6%
Cash Deposit: $0 NRAS: Yes
 

National Rental Affordability Scheme (NRAS)
Credit: $9,981 Less Audit Managers Fee: $749
Rent Discount of 20% to $280 per week.
 
Discounted Rent
Market Rent$350
NRAS Discount20%
Discounted Rent$280

Area Information

Map & Streetview

Price List

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#PriceTypeLevelAspectBedsBathsCar Int m2 Ex m2
Lot 1$335,000House & Land North 4 2-1E 2 193 309