FANTASTIC ENTRY LEVEL UNITS - EXPRESSIONS OF INTEREST
Aztec Gardens offers affordable housing in a fantastic location. There are 58 x 1 bedroom units in total, offering an affordable lifestyle for the owner occupier or the astute investor.
The units consist of 1 bedroom, lounge, kitchen and private fenced courtyard. The gardens will be well maintained. It is expected that body corporate fees will be approx$1,350. This includes common area insurance, building insurance, garden upkeep and a sinking fund. Moreton Bay Regional Council rates are approximately $2,000 per 1 bedroom unit.
Features include:
o Fenced Courtyards
o Landscaped gardens
o Gazebo, BBQ & Recreational facilities
o Quality fixtures & fittings
o one carport per unit with extra visitor's car parking spaces.
Construction has started and completion is expected in August 2010.
AS A FIRST HOME OWNER
As a first home owner, you may be eligible for the government?s first home buyer grant and boost (time permitting) as the property is brand new. Take advantage of the $17,500 handout now!
Aztec Developments has a mortgage broker who has access to loans for first home buyers at an interest rate of 5.5% pa. The first home buyer can use their first home owners grant and boost as part of the deposit and the developer has made arrangements to lend the balance of the deposit interest free, provided that the money borrowed from the developer is repaid in equal monthly installments over a period of 5 years on a 2nd mortgage basis; the 1st mortgagee is happy with this arrangement. This means that there is no mortgage insurance to be paid on the loan.
AS AN INVESTOR
The Rental return on these 1 x bedroom units has been estimated to be $220 per week. The developer has calculated that based on an income of $70 000 pa and an interest rate of 5.74% the...