Essendon North, Victoria - Information Memorandum Phone: 1300 1400 15 www.onyx.net.au
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Essendon North, Victoria
Information Memorandum
Phone: 1300 1400 15
www.onyx.net.au
NRAS | Essendon North Victoria
NRAS Overview The National Rental Affordability Scheme was initiated by the Australian Government to offer incentives to investors and housing providers to build properties to stimulate the supply of affordable rental properties across Australia. To qualify each rental property must be rented out at least 20 per cent below the market value rent. The Government Incentives are available to owners of approved properties for 10 years which are indexed annually to the rental component of the Consumer Price Index. The scheme currently provides $9,981 per annum to the investor for each property. Why NRAS in Essendon North Receive over $119,000 in tax free Government payments As part of the National Rental Affordability Scheme (NRAS), the Government will pay you over $119,000 tax free over the next 10 years, just to invest in property! Strong 6% p.a. capital growth Property experts Residex predict a 6% p.a. capital growth in Essendon North over the next 5 years, as much as 3 times the Melbourne metropolitan average growth over the same period! NRAS | Essendon North Victoria
Investment Benefits Huge yield means positive cashflow and extra income With this extraordinary project you’ll be earning income from your property straight away! Instead of taking dollars out of your wallet every week like most investment properties, this property could provide you extra income every week in positive cashflow. Wipe thousands off your tax Are you paying too much tax? Are you sick of the government helping itself to more than its fair share of your hard earned pay cheque? Well this is the perfect development for you, giving you the chance to wipe thousands of dollars off your tax liability every year. What makes these NRAS properties so unique is that even though you’re earning positive cash flow, you can still take full advantage of negative gearing because your NRAS incentives are tax free. Well established location in Melbourne blossoming northern suburbs And don’t forget that this property is in a well-established residential area in Melbourne’s north, one of the city’s top growth regions, so you know you’re investing in a high quality development. NRAS | Essendon North Victoria
Essendon North – The Location • Strong capital growth • 15 minutes by car and 20 minutes by train to Melbourne’s CBD • Tram stop at doorstep, train station within walking distance • Numerous parks in area • All amenities: schools, restaurants, medical facilities, and recreation Located in the heart of Melbourne’s northern suburbs, Essendon North is sharing the broader success of this region as it increases in popularity. This suburb benefits from its close proximity to the CBD, with easy access by car via the Tullamarine freeway, by tram, or by train. Residents of this area benefit from the large number of high quality parks and schools. Located on Keilor Road, this development has a huge range of retail and restaurant options all within short walking distance. A variety of recreational facilities are located nearby, including Buckley Park Tennis and Cricket Clubs, the Windyhill Fitness Centre, and Essendon Cricket Ground. NRAS | Essendon North Victoria
The Development The AMNE Apartments development is a boutique design-focused, low rise apartment building of 87 apartments with 3 specialty retailers and a prominent street corner restaurant in the building. This building has been designed by MAP Design and Architecture, a high profile Melbourne-based architecture practice. This development features striking, contemporary exterior design with multi-layered natural elements including stone, treated glass, and steel screens which ‘wrap’ their way through into the building’s stunning entry foyer. NRAS | Essendon North Victoria
About the Builder Hamilton Marino Builders is one of Victoria’s most experienced and sought after multi-level apartment construction companies. Their reputation is built on providing a professional service and high quality work, on time and on budget, every time. While multi-storey apartments are their focus, their 35-year history covers many sectors of the construction industry, including an extensive background in luxury homes, single-level apartments as well as penthouse construction and fit-out. On the commercial front, they have a proud history in office construction and fit-out, hospitality and retail fit-out, as well as warehouse and factory construction. Established in 1975, Hamilton Marino Builders quickly developed a strong reputation as a builder of grand architect-designed homes on large sites in Melbourne’s eastern suburbs. In the early 90s, Hamilton Marino diversified to meet the demands of a changing market. After gaining a wealth of experience in multi-storey apartment construction, the company now focuses on this specialised area and does so with a proven value- added operational model that delivers outstanding results. The directors of Hamilton Marino Builders are Tony Farren, Fred McKenzie, Shaun O’Connell and Matthew Green, whose combined experience amounts to over 90 years in the industry. A director is personally involved in every project throughout the design, development and construction process. Based in a modern company-owned and built office in Bulleen, Hamilton Marino employs more than 60 staff including some of the industry’s most effective project managers and site managers. The company also has an in-house architectural team. Hamilton Marino Builders holds ‘preferred builder’ status with all major Australian financial institutions. NRAS | Essendon North Victoria
About the Developer Blue Earth Group is a property development company specialising in apartment projects for more than 20 years. Blue Earth Group’s remarkable journey has traversed an ever soaring arc, from the construction of a single dwelling in 1990, to the compilation of today’s $250 million project portfolio. Blue Earth Group is committed to thinking imaginatively, treating challenges as opportunities and embracing creativity in every sphere of activity. This abiding passion has received widespread recognition and most importantly made a lasting contribution to the built environment forever. NRAS | Essendon North Victoria
Typical Floor Plans NRAS | Essendon North Victoria
Price List Number Beds/Baths/Cars Internal Area (m2) Level Price 1 2/1/1 77 1 $499,000 9 2/2/1 75 TBA $499,000 13 2/2/1 75 1 $499,000 34 1/1/1 59 TBA $420,000 46 2/2/1 73 TBA $499,000 About Onyx Onyx is a ten year old professional financial services company which delivers property investment services, mortgage management, mortgage broking, conveyancing, and legal services. Onyx has been involved in NRAS since the beginning of the scheme and has one of the nation’s most knowledgeable team of experts in the area. Our expertise goes beyond just sourcing and selling NRAS property and we can provide leading edge advice in NRAS finance strategy, the tax implications of NRAS, buying NRAS in self- managed super funds, and NRAS legal services. We’re a dedicated group of hardworking professionals with a range of experience that covers the whole property investment spectrum, from identifying opportunities, to sourcing the best finance products, to conveyancing. We’re passionate about helping our clients attain their financial goals through property investment. We love finding new and creative ways to structure investments so that our clients get the best possible return for each dollar invested. Secure Your NRAS Investment These properties are highly popular with investors and do sell out fast. To secure your NRAS investment property call us on 1300 1400 15 or email us at nras@onyx.net.au. NRAS | Essendon North Victoria
*DISCLAIMER: The particulars contained herein were prepared for the purpose of the sale and do not form part of any agreement. The Government Incentives for the 2012/13 NRAS year are $7,486 per annum and $2,495 per annum from the Federal, State and Territory Governments respectively. Any information regarding the properties which has or may in the future be made available to the prospective purchaser, has or will be supplied on the clear understanding that whilst every care has been taken with its preparation, no responsibility is accepted by Onyx Domain Pty Ltd or any person employed by or engaged by them for the accuracy or completeness of such information. Prospective purchasers are advised to make their own enquiries and to satisfy themselves in all respects. The seller reserves the right to alter the price and specifications at any stage. The information provided in this brochure relates to the various properties which may be available as an Approved NRAS Property. Should you have any questions regarding the PDS contact Onyx Domain Pty on 1300 1400 15. ** Photographs and plans are shown for illustrative purposes only. Floor plans are subject to change without notice. NRAS | Essendon North Victoria
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