Newly completed apartment
Based on a Taxable Income of $100k, the amount required for negative gearing is only, an interest only loan @ 7.5%, and a rental income around 4.5%, in this example purchase price of $415k and stamp duties of $15k (including other costs and charges) , this property to the value of $415k will require $125 per week of negative gearing. What this means to you is that for less than $7,000 per anum you can own an appreciating asset of over $400k.
* Figures presented are estimates only but provide a fair indication
Bensons has the following completed apartment for sale in East Brunswick which is on the market because it didn’t settle on completion in December 2010.
Elvera, the development, was completed just before Christmas and the apartments have been renting very well. One bedroom apartments are renting up to $380pa.
Elvera at 330 Lygon Street East Brunswick is a great location with public transport [trams] at the front door.
The apartment is on level 5 and has fantastic views over East Brunswick, Dandenongs and the CBD.
If you are interested and would like more information to market this apartment please let me know by telephone immediately on 0413 108 125.
Apartment No. 507 | Internal Sizing 53.6 sq/m | Balcony 9.1 sq/m | 1 Bed + Study Nook | 1 Bathroom | 1 Car Park | Storage | Aspect East | Price $435k or nearest offer | BodyCorp fees $2138 pa | Estimated rental based on others in the building is $380 pw
Stamp duty is payable. Please see floor plan and original brochure below.
The Chairman would like this apartment sold immediately and is open to offers – it will be snapped up by an astute investor before end next week if not sooner.