apartment 1 - citylifeprojects.net edm - 2bed1bath.pdf · apartment 1.01 purchase details 2 bed 1...

Don’t miss out on securing this amazing apartment in one of South Yarra’s fastest selling developments.

2 Bedroom

• 74sqm total area• Car space included• Storage cage included• Hardwood timber flooring• Granite bench tops• Unique loft style interiors• Outdoor breakfast bar

Apartment 1.01

5% DEPOSITS WITH INTEREST, INVESTOR UPGRADE PACKAGE

CONSTRUCTION COMMENCED!

Apartment Profile

Call us today!

Purchase Details 2 Bed 1 Bath - 1.01

Sale Price $644,000

Deposit (20%)* $128,800

Legals and Stamp Duty $5,644

Total Financed* $515,200

Income

Rental Income^ $27,300

Total Income $27,300

Expenses

Outgoings (water, rates, body corp.)

$4,262

Interest (at 5.39% current 3 year fixed option )^^

$27,769

Management/Letting Fee $2,436

Total Expenses $34,467

Loss/Surplus before tax -$7,167

Tax Position

Depreciation** $19,287

Taxable Income/Loss $26,454

Tax Benefit at Marginal

Tax rate (37%)* $9,788

Surplus After Tax $2,621

Per Week $50

*Estimated values that will vary depending on the individual. ^ Based on the rental appraisal by Run Property of $500 - $550 a week. ^^ Supplied by www.provincialhomeloans.com.au on 4/12/12.

Always check the rates for your specific requirement as they can vary. ** As per depreciation schedule provided by Rider Levett Bucknall 22/6/12.

Disclaimer: It is recommended that each prospective purchaser seek their own independent professional advice in relation to accounting and taxation matters.

apartment 1.01

Purchase Details 2 Bed 1 Bath - 1.01

Sale Price $644,000

Deposit (20%)* $128,800

Legals and Stamp Duty $5,644

Total Financed* $515,200

Income

Rental Income^ $27,300

Total Income $27,300

Expenses

Outgoings (water, rates, body corp.)

$4,262

Interest (at 5.39% current 3 year fixed option )^^

$27,769

Management/Letting Fee $2,436

Total Expenses $34,467

Loss/Surplus before tax -$7,167

Tax Position

Depreciation** $19,287

Taxable Income/Loss $26,454

Tax Benefit at Marginal

Tax rate (37%)* $9,788

Surplus After Tax $2,621

Per Week $50

*Estimated values that will vary depending on the individual. ^ Based on the rental appraisal by Run Property of $500 - $550 a week. ^^ Supplied by www.provincialhomeloans.com.au on 4/12/12.

Always check the rates for your specific requirement as they can vary. ** As per depreciation schedule provided by Rider Levett Bucknall 22/6/12.

Disclaimer: It is recommended that each prospective purchaser seek their own independent professional advice in relation to accounting and taxation matters.

apartment 1.01