VELOCITY APARTMENT AT CANNINGTON
Velocity Apartment is a solid investment in the most promising precinct of Perth, one of the western world’s fastest growing cities. Your unit will be right in the centre of potentially Perth’s most in-demand location, a suburb rated highly by economic consultants Urbis.
Key to its rental and sales outlooks are high demand from home buyers and renters attracted by nearby hospitals, universities and easy access to the CBD.
Units in Cannington are currently recording price growth well above the Perth metro average.
Velocity is a project by River Developments.
It is located at 17 Pattie St, Cannington, 6107, Western Australia.
CANNINGTON
Cannington is 13 km (8 mi) from Perth, Western Australia. It is located on Albany Highway, a primary route into Perth’s CBD, and lies to the southeast of Leach Highway and to the northwest of Roe Highway.
Cannington is served by the Cannington Interchange, linking the area to the Perth CBD.
Its postcode is 6107 and covers an area of 4.1 km2 (1.6 sq mi).
NATIONAL RENTAL AFFORDABILITY SCHEME (NRAS)
- Increase the supply of affordable rental dwellings
- Reduce rental costs for low to moderate income households (Income Limit for 1 Adult $51,398; 2 Adults $71,061; Couple with 1 Child $88,111)
- Encourage large scale investment and delivery of affordable housing
HOW DOES THIS AFFECT YOU AS AN INVESTOR?
One of the criteria for NRAS is your rental property’s rent will be 20% below market rent. However, under 2019/20 NRAS, Governments will contribute $11,248 per annum towards each approved dwelling. From investment point of view, NRAS adds significantly to the return on rental properties by adding a tax-free “bonus” to the annual cash-flow of the rental property.
Velocity Apartment is approved with NRAS Incentives!
Non-residents are eligible to invest!
Speak to one of the Property Strategists in Perth to find out how this investment works for you.