Two Properties for the Price of One
One of our Lifetime Mentoring clients was lucky enough to secure a duplex in Newcastle. A duplex is a residential property with two homes that share a common central wall. This property, pictured above, is a 2 x 3 bedroom, 2 bathroom, 1 LUG.
Not only is it positive cash flow, there are excellent tax benefits PLUS instant equity.
Deal Details
Completion Date: September 2016
Package Price: $695K
Rent: $440pw rent each side
6.5% gross return
Recent valuation: $420K each side $145,000 gross gain
$35,000 tax deductions (1st year)
How we chose this property:
Duplex strategy
Instant equity
Great location
City with potential for capital growth
Positive cash flow
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