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Doesn't impact NRAS other than giving me an opportunity to extend the completion date to 30 October 2015. On 31 October 2015 my 10 years of NRAS start ticking away whether or not building has completed and I am claiming it. Yes will have to weigh up whether to select the builder myself or...

Quick update The builder fooked me around the last 8 months or so, made me pay an extra $16k for headworks which was included in the contract other they would do no more work, did no more work anyway and went into administration today :( The pad went down mid December, only water corp...

Just had a quick look and saw a NRAS 1x1 villa for rent for $325pw, a bit better than the $260pw I was budgeting on. http://www.realestate.com.au/property-villa-wa-ellenbrook-414459319 However had a chat to the builder today and sounds like they are going to try to get me to fork out the...

One of my better purchases :-)

Pretty much, not instant though, have to wait about a year for build to complete and subdivision to be complete, new titles to be issued. Being survey strata the subdivision can take place simultaneously to the build.

Pretty close. The $260pw is post the NRAS discount not prior (hopefully this will actually be $304pw like similar NRAS properties near by) Stamps was only $15k Legal and depreciation report $2k I estimate council rates to be lower and strata insurance lower. Based estimate on my current...

Discount Rent @ $260pw = $54k Expenses (inc interest etc) = ($65k) Pre tax cashflow ($11k) Depreciation Est ($30k) Tax Loss = $41k Tax Refund = $15k NRAS = $40k Pre tax cashflow ($11k) Post tax cashflow $44k

$1.048 Million is the total purchase price for 4 dwellings, so $262k per dwelling. There are 4 other dwellings, 2 either side of mine.

Found on realestate.com.au, was originally a "dual key" 3x2x2 and a 1x1x1 but due to planning approvals was changed to current plan. Is that a question? :-) Purchase all up of $1,048,000 so $262k each. Cost to subdivide of ~$15k (I am holding these so will probably put subdivision on...

We are building four 1 Bed, 1 Bath, 1 Garage villas in Ellenbrook, on two side by side 360sqm blocks. There will be 8 of these upon completion, we will have the 4 in the middle, the builder is keeping two and another investor has purchased the other two. Purchased as a package with NRAS...