Luxury One Bedroom Oceanfront Apartments from AU$317,000
Return on Investment Nasama Resort VS Australia
In Australia, the average gross return on investment is 4.7%. Out of this you have to pay. maintenance, insurance, rates, letting fees and income tax if applicable. Nasama Resort Gross Return is calculated from actual returns. Net Return for the Luxury 1-bedroom apartment is 7% after all payments, included:
- VAT, insurance, including loss of income insurance,
- Land rent, letting fees, body corporate,
- Maintenance and a 2% sinking fund.
If you add back the sinking fund, (it remains your money), the NET return reaches 7.3%. If you add back the value of the holiday, the Net return is 9% Net. There is NO income tax in Vanuatu and no capital gains tax. It is the reason why you should invest in Vanuatu Real Estate.
More about the Apartments
Our deluxe One Bedroom Oceanfront Apartments offer an absolute on the water location that is ideal for honeymooners, special occasions or for those who simply looking for something unique. There are 3 Apartments on the ground level and 3 apartments on the upper level. Situated overlooking the ocean, these apartments all have private balconies and unobstructed views of the Nasama Beach. It is a sublime Vanuatu real estate product. Erakor island in the is just 1 km away. These apartments have a full size kitchen with granite countertops, fridge, stove, microwave, separate bedroom with king size bed, large separate dressing room, open plan dining and living area, balcony, ceiling fan and air-conditioner. There is also a single bed in the living area for a 3rd person.
Prices are in $AUD
|Selling Price unit||$317,000|
|Full purchase price||$335,000|
|(Stamp duty on $310,000)|
Owners also receive three weeks of accommodation for cost at AU$70 per day. This can be deducted from your quarterly payment. NOTE ON STATEMENT In the statement below we have included all your expenses that are associated with the operating of your apartment. The income is stated net of management fees and agency commissions. The running expenses include all day to day maintenance, building insurance, content insurance and LOSS OF INCOME INSURANCE. The deductions also include a sinking fund which holds your money for future use in the case of major maintenance expenses such as re-painting the building. We have added this back to calculate your rate of return. We have also calculated the rate of return adding the net value of the 21 days holidays allowance is 8.74%.
|Monthly Revenue 2013||STUDIO|
|Total Revenue after VAT||$2,870|
|Common Area General Repairs||$20|
|Less Recption Use||$(6)|
|Less Construction Use|
|Body Corp Expenses||$217|
|Land lease Payment||$15|
|Sinking Fund (2%)||$57|
|Net to Owners||$1,009|
|Add back sinking fund||2.0%|
|Calculation Worksheet Holiday allowance|
|Valuation 21 Days||$5,145|
|Less Daily fee||$1,050|
|Less loss of income||$706|
|Net addition to returns||$3,389|
|Rate of return including holiday allowance||9%Net|
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