NRAS - Bayside Point

Property Overview

Market price$489,000
Market rent$455 p/wk
NRAS contribution$213.73 p/wk (paid annually)
Yield inc. NRAS5.898969%
Addresslot 41,56 Charles Canty Drive
SuburbWellington Point

Expression of interest

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Almost 6% rental yield with NRAS until 2025 (almost 8 Years) - Bayside Point is one of Wellington Point's newest residential communities.

See images above of local schools, colleges, amenities, surrounding properties and area - all less than 3-5 mins drive.

Local area images above show the following:-

~ Several colleges and schools
~ Shops inc huge IGA supermarket, deli, cafes, dentists, doctors etc literally a 2 minute walk away at Horizon at Wellington Point
~ Some shots of the bay and local houses in the area.
~ Wellington Point Pier
~ There are a couple of large grounds and sports facilities
~ Bus routes immediately available on the main road,
~ Main arterial road into Brisbane (Finucane Road) just 2-3 mins from the development.

Wellington Point is only approximately 30 minutes from the Brisbane CBD and approximately 60 minutes to the beautiful Gold Coast.

Wellington Point - The proportion of Renting Tenants Versus Owners for the area is just 20%

Why is the 'Proportion of Renters' important?

Owner-occupiers are more likely to take greater pride in the appearance of the actual property. In general, owner-occupiers take good care of their properties. They are, therefore, more likely to improve the value beyond what makes pure commercial sense. This affinity for over-capitalisation raises the general quality of housing in an area dominated by owner-occupiers.

But thats not all. The future resale is likely improved (capital gains) as this all means that suburbs with a lower proportion of renters will generally be more attractive than suburbs with a higher proportion of renters.

Theres yet another angle to look at; in areas with a low proportion of rental properties, theres less competition if you plan on providing rental accommodation there. In other words, the lower the proportion of renters, the lower the vacancy rate is likely to be.

If you want comforable spacious living, whether you are a new home buyer or wanting to invest, this development ticks all your boxes.

- Close to Howeston Gold Course, many parks and sports grounds & the Wellington Point Pier
- Close to several medical facilities and multiple schools
- Only minutes from the Gateway Motorway and train stations and much more

Property Features:

Remote controlled garage
Aluminium security screens
Electric hot water system
Private fully fenced courtyard
Professional landscaping
Ducted air conditioning
Ceiling fans to all bedrooms
Venetian and vertical blinds throughout
Ceramic tiles and carpet to floors
Euromaid stainless steel kitchen appliances

Area Details:

Wellington Point Pier & Parks
Shopping Centres
Medical Facilities
Public Transport
Golf Course
Childcare Centre
Brisbane CBD 30 minutes
Gold Coast 60 minutes

Call 1300 67 27 28 to find out more or quickly register now on this page and we will contact you to talk about your investment objectives to refine what may best suit your personal circumstances.