Invest in Sydney.
Earn an extra $191 per month by investing in property in Sydney.
Now selling and ready to be leased, buy a modern, brand new 2 bedroom apartment in the heart of leafy Erskineville, close to transport, Sydney’s CBD, restaurants, cafes and pubs.
Here’s how…
Sugarcube Apartments Erskineville
Purchase price: $999,000
Rental estimate: $800 pw
Your deposit: $200,000*
Loan amount: $799,000
*20% deposit required for investor loans
MONTHLY COSTS
Loan repayment: $3,056 ( 2.24% interest rate)
Strata, property management, water and council rates costs: $1,000 (approx.)
Total Monthly Costs: $4,056
MONTHLY INCOME
Rental return: $3,467 (based on $800 pw rental income)
Net income tax benefit (depreciation): $780
Total Monthly Income: $4,247
NET MONTHLY CASH INFLOW: $191
Disclaimer: This example does not include Stamp Duty paid by the purchaser, Landlord Insurance or maintenance costs associated with owning an investment property. The figures presented are based on 2.24% investor loan fixed rate for 2 years with 20% deposit and current estimated rental returns as of August 2021. The figures presented on this page are for example purposes only and PMC Ray White takes no responsibility for how these numbers are used or interpreted. Always speak to your financial advisor about your personal circumstances before making a financial decision.
Now is a great time to buy property in Sydney.
Sydney’s inner-suburbs are performing strongly and consistently for property investors generating higher rental yields and appreciation rates than outer-Sydney suburbs.
We have a wide variety of on and off-market properties in high rental yielding suburbs for you to invest in.
These suburbs attract tenants seeking:
A sophisticated lifestyle near restaurants, cafes and nightlife
Tertiary opportunities such as universities and technical colleges
Employment opportunities in the CBD
Public transport such as rail hubs and the airport
Medical industry employment opportunities (hospitals)
Why buy new or off-the-plan?
Buying new or off-the-plan allows you as an investor to take advantage of the taxation benefits and depreciation allowances available only to new properties. These provisions also help you to lower your annual tax burden potentially saving you thousands of dollars each financial year.
Buying off the plan also allows you to take advantage of lesser market competition, as opposed to competing for a lived-in dwelling at auction. The price is fixed so you are not at risk of paying over market value. Developers often give discounts through stamp duty concessions, rebates or price reductions if you make a purchase early enough. Then you can sit back and watch your asset grow whilst you wait for it to be built.
Want to find out more?
Our best tip for buying off the plan as an investor?
Get in early and buy the best apartment you can afford in the development with the highest yield because what well-paying tenant doesn’t want to live in a brand new property?!
Call Andrew McKinnon to find out more about our property investment opportunities.
