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  • Writer's picturepeterward4

Ascientials - STOP PRESS


Family relaxing at the lake

SINGLE CONTRACT PROPERTY - One off


Regular readers of Ascientials will know that buying a property in a self managed super fund (SMSF) has it's advantages - but SMSF regulations require a property be purchased with a single contract (i.e. no twin contract land/build purchases permitted).


You will also be aware that, for the past several years as a result of the extreme demand on the construction industry caused by the Covid Homebuilder Grant, single contract property was virtually impossible to obtain because builders have been too busy with standard two contract builds to bother with buying land themselves and building on it and selling complete.


I have just received details of a one-off single contract property - broad details below.

If you are interested in a new SMSF suitable single contract property, please email me on peterward@apginvest.com.au, and text followup message to 0404 02 6000.

(See interest expression requirements below).


As a one-off, I don't expect this property to remain available much beyond Friday this week.


Warm regards,

Peter Ward

Managing Director



 



Property Details

  • Location: Perth - the only major capital in a growth phase.

  • Single Contract

  • Package Price: $656,000

  • Deposit: $ 65,600

  • Land: 300sqm, title registration expected January 2024

  • Building: 4x2x2, 185.88sqm

  • Yield: $680-$710pw rent, 5.4%-5.6% yield


Suburb Specs

  • Median House Price: $700,000, $750,000 for 4 bedroom

  • Median Rent: $680pw, $700pw for 4 bedroom

  • Vacancy Rate: 0.4%

  • Employment: South metro area including Armadale, Maddington, Rockingham, Kwinana, Bibra Lake, Cockburn. Currently 144,000+ jobs in the area, 437,000+ by 2050

  • Owner occupied: 84%

  • Property Types: 94.6% houses, 5.2% Duplex/Villa,Townhouse


Estate Specs

  • Boutique private estate

  • Less than 30mins to Perth CBD

  • Minutes to new shopping centre - including Coles, McDonald's, Chemist Warehouse, retail, dining, childcare, leisure

  • 10 schools (private and public mix) within 5km

  • Walking distance to new primary school


Builder

Trusted by Asciential Property Group clients for 20yrs.


 

Interest Expression Requirements

For existing Asciential investors:

  • Upon receipt of your email & text, I will send you:

    • the full information package on the property*

    • an EOI for signing

  • The standard APG research bond of $2200 incl GST will be payable upon submission of EOI (Expression of Interest).


For non Asciential investors:

  • The standard APG research bond of $2200 incl GST will be payable up front. When I receive your email/text I will send out the details for the bond payment.

  • Once the bond has been received, you will receive:

    • the full information package on the property

    • an EOI for signing.


 

State of the Perth market

  • Present median house price is $683,689

  • Present upper purchase limit for average income earning family is $786,688

  • Present Perth vacancy rate 0.4%

  • Strong affordability and population growth driving demand, short supply


 



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