75 Flemington Road
North Melbourne
VIC
3051
Australia
Apartment
601
Select Investment Property:
Physical Attributes
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Status:
Available
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Compass:
North of Melbourne
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Aspect:
West
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Title:
Strata
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Bedrooms:
1 + Study
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Bathrooms:
1 (0 Ensuite)
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Total Area: 25.3 sqm
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Views:
No
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Furniture Package:
No
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Start Date:
01/06/2010
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Completion Date:
01/12/2011
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Special Needs:
No
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On-Site Manager:
Yes
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Inspection Times:
Appointment Only
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Investment Property Overview
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The students apartments at this ideal Flemington Road address are perfectly located for attending Melbourne University, RMIT and a host of other educational facilities. Four of Victoria’s leading hospitals (with a fifth joining shortly) together with Bio 21 and the Walter & Eliza Institute are situated across the boulevard.
Villiers Apartments offer a unique near-city location at an affordable price. Dining, entertainment and shopping are all close-by in the Carlton, City, Docklands and North Melbourne precincts.
These city-edge apartments are of ultramodern design, display clean, contemporary lines with superb styling and finishes. These architecturally designed affordable dwellings with selected apartments boasting incredible city and bay views present a fantastic opportunity for the astute investor.
All neighboring entertainment and shopping venues are readily available, with excellent public transport at your door step.
The transaction involved a single contract, 10% deposit and the remaining upon completion which is due in December 2011.
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Growth Information for
3051
Who Pays in the First Year
Average per year over 10 Years
Cash Flow Table
| Cash Flow | 1yr | 2yr | 3yr | 5yr | 10yr | Average |
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| Gross Rent | $11,981 | $12,412 | $12,859 | $13,801 | $16,471 | $14,120 | | Interest | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | | Expenses | $4,598 | $4,763 | $4,935 | $5,296 | $6,321 | $5,419 | | Pre-Tax Cash Flow | -$6,156 | -$5,891 | -$5,615 | -$5,034 | -$3,389 | -$4,838 | | | | Building Depreciation | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | | Fittings Depreciation | $4,200 | $1,200 | $200 | $200 | - | $600 | | Interest | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | $13,540 | | Expenses | $4,598 | $4,763 | $4,935 | $5,296 | $6,321 | $5,419 | | Loan Costs | $200 | $200 | $200 | $200 | n.a. | n.a. | | Total Deductions | $25,337 | $22,502 | $21,674 | $22,036 | $22,660 | $22,458 | | Tax Loss | -$13,356 | -$10,090 | -$8,815 | -$8,234 | -$6,189 | -$8,338 | | (Rent - Deductions) | | | | Tax Credits | $4,557 | $3,743 | $3,394 | $3,170 | $2,383 | $3,137 | | NRAS Credits | $8,810 | $9,127 | $9,455 | $10,148 | $12,112 | $10,383 | | Total Credits | $13,367 | $12,869 | $12,849 | $13,319 | $14,494 | $13,520 | | | | Annual Cash | $7,210 | $6,979 | $7,234 | $8,284 | $11,105 | $8,682 | | Weekly Cash | $139 | $134 | $139 | $159 | $214 | $167 | | | | Cap. Growth & Equity | 1yr | 2yr | 3yr | 5yr | 10yr | |
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| Property Value | $249,541 | $263,815 | $278,905 | $311,725 | $411,678 | - | | Loan Amount | $200,587 | $200,587 | $200,587 | $200,587 | $200,587 | - | | Equity | $48,954 | $63,228 | $78,318 | $111,137 | $211,090 | - | | | | Cash Invested | $39,998 | $33,019 | $25,785 | $9,751 | -$39,615 | - |
Investment Information
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