INVEST IN QUALITY PROPERTY NEAR MONASH UNIVERSITY!
PRICE GUIDE FROM A$393,000 FOR ONE BEDROOM, AND FROM A$497,000 FOR TWO BEDROOM
Sizes around 60 sq. metres (1 bedroom) and 73 sq. metres (2 bedroom)
Deposit required 25%, balance by way of cash or finance at around 4% interest rate for investors, 3% if moving in yourself, 30 year term, no age restriction. Must have proof of income. Australian citizenship not required. Repayments less than rent)
MOVE IN OR COLLECT RENT IN 60 - 90 DAYS TIME!
TREMENDOUS IN-DEMAND LOCATION, investment Assured. Huge rental demand. Rarely Seen Opportunity.
Why Rent When You Can Buy? Rental is More Expensive Than A Mortgage.
WALK to Monash University Clayton Campus, 18 mins.
WALK to the train, 13 mins. (2 mins by car).
WALK to Medical Centre, 11 mins. (5 mins by car).
WALK to shops, 16 mins. (3 mins by car).
Melbourne CBD 24 mins by train.
Chadstone Shopping Centre, largest in Melbourne, 16 mins drive.
Rental return estimated at 5-6% (Pre-covid).
Included in price at no extra cost: Security intercom ; security car park; tile floor to kitchen areas ; 4 plate gas burner cook top; stainless steel electric oven; dishwasher; stone benchtops; split-system air conditioning unit; lockable steel framed storage cage; plush carpet to living and bedroom areas.
Schools located within 5 Kms (Under 15 mins. drive) include: St Leonards, Glen Waverley; Holy Family School, Mount Waverely; Salesian College, Chadstone; Cheshire School; Good Sheaors, Wheelers Hill; St Josephs, Primary; St Johns Vianney, Mulgrave; Sacred Heart, Oakleigh; St Andres School; St Peters, School; Minaret College, Sprngvale; Killestar College, Springvale
Mortgage loans available up to 75%-80% of purchase price, interest rates below 5%, up to 30 years available, no age restriction. Only available to residents located in Australia, New Zealand, Hong Kong, Singapore, Malaysia and Macau.
(Source of distances and times: Google Maps)
(852) 9031 9669
A recent Hong Kong based investor said this::
“I paid just AU$600,000 for a brand new two bedroom flat of 67 square metres with a 70% mortgage of Australian dollars $420K at a 4.5% interest rate on a 30 year payment .
The repayment is even less more than the average rent.
If I sell after 8 years I will receive AUD$220,000 in capital growth assuming a reasonable 4% per year appreciation rate.
This should easily cover the 4 years of tuition at around AUD$35K per annum Uni fees plus provide free housing for my daughter and no extra accommodation expenses when my wife goes to visit her"
Contact Us Monash Apartments
HOW IT WORKS:
- EXTRA COSTS ON PURCHASE: ALL IN AUD
- LEGAL FEES PAID TO YOUR SOLICITOR (THE DEVELOPER HAS THEIR OWN SOLICITOR) APPROX AU$2,500.
- DISBURSEMENTS, SUCH AS TITLE SEARCHES, SEWERAGE SEARCHES, ADJUSTMENT OF ANNUAL RATES PAID ETC APPROX. $500-$1,000.
- GOVERNMENT STAMP DUTY SLIDING SCALE AROUND 5.5% OF PRICE.
- BLINDS TO ALL WINDOWS APPROX $3,000.
- AGENTS FEES : NIL.
- FOREIGN INVESTORS ARE REQUIRED TO PUY FOREIGN INVESTOR DUTY AROUND 8%, PLUS APPLY TO THE FIRB FOR PERMISSION TO PURCHASE, APPROX $8,000.
- GOVERNMENT LAND TAX: NIL.
- GOVERNMENT VACANCY TAX: NIL IF RENTED OUT OR PERMANENT OWN USE. 2% PA IF LEFT EMPTY.
1 Select Property
Find the right property and pay reservation fee in order to reserve your preferred property. This transaction will ensure your preferred property is taken off the market and no one else can purchase it during the reservation period.
2 Sign Contract
Appoint a Melbourne solicitor to review the contract, if all in order, sign the Contract of Sale.
3 First Payment
Transfer 10% deposit into Vendor’s solicitor trust account. The balance of the full purchase price will be made upon the completion of property.
4 Refund Registration Fee
Once the deposit transaction have been made successfully, the reservation fee will be fully refunded at this stage.
We suggest you you prepare your mortgage application immediately. We can also connect you with some of the reputable banks and mortgage brokers. Indicative approval for finance at up to 80%, interest rate under 5% , within 48 hours.
On the day of settlement/final completion, (between 30 to 60 days upon your choice) you will then make the final payments. Transaction is completed and you now have the ownership of your freehold property.
7 One Stop Service
Citylife International Realty, with 25 years experience, offers property management and inspection services to all clients as well. Please feel free to contact us for more information.