17 Napier Place Warrnambool, VIC 3280
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Have you been looking for a quality built home with the ease of low maintenance of living. At Napier Place, there are 3, 2 bedroom townhouses left at the price of $285,000; 21 and 22 which are under construction and at this stage and will still have some stamp duty savings, with a proposed completion date of August 2018. This is the time to: Save ‘off the plan’, affordable living, carpets, curtains, fly wire screens on all windows and double sliding door on the second story, secure, private, low maintenance, spacious, northern aspect outdoor living, choice of 2/3 bedrooms, single/double garage.
Townhouses 14, 15 and 16 are the next stage for completion Dec 2018 with the slab not poured yet. 14 and 16 are 3 bedroom plus a study, 2 living areas, double garage with a balcony overlooking the oval which are priced at $435,000.
15 and 18 are a 2 bedroom townhouse, priced at $315,000 and are the middle units.
Townhouses 17, 18, 19 are the next stage for completion August 2019 with the slab not yet poured.
The last set of proposed construction and completion are due December 2018, with full completion of the overall subdivision December 2019. The next set of the subdivision, will be at a higher selling price, of approximately $320,000 for the two bedroom townhouses. There will also be some 3 bedroom townhouses with a study, two living rooms and with a double garage available at $435,000.
For The Investor
When you are considering investment opportunities; New versus old dwellings – your accountant can help you understand how you will be able to receive substantial depreciation benefits;
Some people consider 7% Gross annual return to be quite attractive, how these are of far greater benefit.
With Napier place you can depreciate the building (value say $150,000) over 40 years, at a rate of 2.5%, and then there is the accelerated depreciation on average at say 15% on all of the items such as appliances, fittings and fixtures. So approximately on say $50,000 you could be looking at 15%, $7,500 of accelerated appreciation.
Assuming you are in the 37% marginal tax bracket, this would mean a claim of approx. $11,250 x 0.37 = $4162 (approx.)
Effectively you would be receiving an extra $80.00 per week approx. I am working on an approximate rental figure of $320 per week.
Therefore, the gross return would effectively be more like $20,800 per annum on a property cost of $285,000 = effectively approx. 7.3%
Your accountant would advise which would be the best for your situation. And of course the above figures are estimates only. Substantial tax benefits in buying NEW as an investment property.
*Images are an example of the quality, fixtures and style*



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