"San
Mateo"
Key Investment Features:
- Undersupplied market
- Rents and values expected to rise
(see market
report)
- Onsite management
- 5 minutes to train, freeway and bus
transport
- Air conditioned
- Swimming pool, gazebo and barbeque
area
- Quality inclusions
"San Mateo" is located in Eight
Mile Plains just 15 minutes from Brisbane CBD and close to the
intersection of two of Brisbane's major freeways. The
development contains 52 three bedroom luxury villas on 3
hectares of gently sloping land, located minutes from schools
and educational facilities including Griffith University.
Shopping centres, trains and bus transport are only 5 minutes
away.
View larger floor plan
The complex includes a sculptured swimming pool and gazebo with
barbeque area for use of residents. The townhouses and
recreational areas will be intensively landscaped.
All residences are equipped with air conditioning, ceiling fans and remote
control doors to double garages. The majority of villas have family and/or
meal rooms, built in robes, ceramic tiled living areas leading to fully fenced
courtyards.
View the site plan
The average price of a "San Mateo" townhouse is $261,000. Construction of
"San Mateo" will commence soon with completion and settlement expected in
approximately 6 to 8 months. Expected rentals in "San Mateo Villas" range from
$275 per week. Investors on the
highest marginal tax rate, borrowing 100% of the purchase price may hold a
property in "San Mateo" for an estimated after tax cost in year one of
approximately $29 per week.
Tax Position
Summary:
| Gross
rent (p.a.) |
$14,300 |
| Total
tax deductions |
$28,070 |
| Tax
surplus/deficit |
($13,770) |
| Tax
saving/refund |
$6,956 |
| Annual
after tax cost |
($1,523) |
| Weekly
after tax cost (year 1) |
($29) |
|
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