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Revolution Apartments

 
 

359 Illawarra road Marrickville NSW 2204 Australia

Investment Property in Marrickville, Sydney, New South Wales
 
 
 
 
 
 
NRAS
This investment property is eligible for the National Rental Affordability Scheme (NRAS): Government backed 10 year rental incentive.

Apartment   D204

Select Investment Property: 

Physical Attributes

Level: 2
Status: Available Compass: South-West of Sydney
Aspect: North-East Title: Strata
Bedrooms: 1 Bathrooms: 1 (0 Ensuite)
 
Internal Area: 45 sqm External Area: 11 sqm
Total Area: 56 sqm
Elevation: 16m above sea level
Parking: FIRB Pre-approved: Yes
Start Date: 15/08/2011 Completion Date: 15/02/2013
 
Special Needs: No 
On-Site Manager: No
Inspection Times: Appointment Only
 
Investment Property Overview
This apartment within the Revolution Apartments project contains 1 bedroom, 1 bathroom, a terrace and 1 carspace. Includes a dining room, a lounge room, laundry, built-in wardrobes and a water closet. The kitchen is equipped with cooktop, oven, rangehood and dishwasher. Other features include stainless steel appliances and gas cooktop.

To view Floor plans by level, please click on 'Features' below.

Investment Information

Costs

Price: $460,000 Stamp Duty: $0
 

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.
7.85% p.a. (Historical) -0.43% p.a. (Historical)
6.80% (2011) 0.58% (2011)
5.72% 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: 11.69%
Gross Yield: 5.97%
 
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: $110
Net Yield: 4.38%
 
Net Yield
Annual rental income as a percentage of purchase price AFTER factoring non-finance expenses.
 
Internal Rate of Return (IRR)
Represents the effective 'interest rate' that you receive for your cash invested over a 10 year period.
IRR: 28.22% Market Rent: $450 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: $2,452 p.a.
 
Expenses
Management Fee$2246
Land Lord Insurance$350
Maintenance$450
Strata$2,452
Council$1,200
Water$600
Year 1 Expenses$7,298
10 Year Average$8,602
Expenses are indexed to CPI.
Expenses: $7,298
 
 
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:$460,000
+Stamp Duty:$0
+Conveyancing:$950
+Dep. Report:$575
+Closing Costs:$0
+Loan Costs:$2,078
-Cash Invested$46,000
Loan Amount$417,603
Loan Amount: $417,603
Rent Per Week: $450 Rental Vacancy Rate: 4.00%
Interest Rate: 6.50% Inflation Rate: 3.6%
Cash Deposit: $46,000 NRAS: Yes
 

National Rental Affordability Scheme (NRAS)

Credit: $9,981 Less Audit Managers Fee: $499
Rent Discount of 20% to $360 per week.
 
Discounted Rent
Market Rent$450
NRAS Discount20%
Discounted Rent$360
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