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8/34 Dry Dock Road
tweed heads south
NSW, 2486

SOLD

Sold for $310,000

listing rooms 2
listing bathrooms 1
listing parking 1

Reap the benefits

For the savvy investor, this two-bedroom modern apartment is currently tenanted under the NRAS (National rental affordability scheme). The prospective purchaser can expect to receive the weekly rent as well as the NRAS incentive which is paid in 2 components by the government (Department of Social Services);
• Total Government incentive approx. $11k each year
• State Government Incentive: A cash payment made to the owner each year, this amount will vary, on average $2-3k each year.
• Federal Government Incentive: The balance of estimated $11k incentive will be made available to the owner in the way of a tax offset to reduce their taxable income each year.
Investors have the opportunity to reap these benefits until expiry of the NRAS term in June 2024. After this period, move in and enjoy this riverside location or continue to rent the property within the private market.

Features of this property include:

• Two carpeted bedrooms including master with walk-in robe and river views
• Combined laundry/bath
• Carpeted living and dining area with sliding doors opening onto a covered balcony with treed outlook and river glimpses
• Tidy kitchen with ceramic cook-top, microwave cavity and corner pantry
• Secure parking space with common storage area
• Lift access and intercom

In a great central location, this north-facing front apartment is only a 5-minute drive to your choice of shopping centres, schools, clubs, beaches and Gold Coast International airport. This is a great opportunity for those wanting to enter the property market or would suit someone looking to move to the area in the future whilst reducing your taxable income now.

Agents

Nearby Schools

About tweed heads south

median house price

887500

suburb growth

3.9%

median house rent

795

suburb rental yield

4.7%

Similar Properties

Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.

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