
The average yield for a unit in NSW is in the low 4%. Maverick's units deliver a significant preimum over the market average. Our units offer a desirable internal finish and generate exceptional rent relative to the purchase price.
The interiors of our properties are completely brand new. Under Australian tax law you can claim full depreciation on the new items. Your accountant can claim substantial Plant and Equipment depreciation deductions, which reduces your taxable income.
The Illawarra is one of the strongest economic and population growth corridors in regional NSW. It is driven by a steady migration of buyers from Sydney seeking value and coastal proximity. Local government data projects Wollongong to scale up past 290k over the coming decades.
The rental market across the Illawarra region operates under extreme, long term pressure. Vacancy rates are below 1.5% - significantly below the 3% benchmark representing a balanced market. This supply shortage guarantees a high volume of prospective tenant demand.
High density, multi-story concrete high rises suffer from high tenant turnover and face signficiant competition. High rises are burdened with high strata levies due to lifts, gyms, pools, structural issues. Maverick invests in low-density classic unit blocks with larger green areas which contribute to higher tenant retention and capital preservation.
Our blocks are structurally sound and already established. Once purchased the property can be listed on the rental market immediately after settlement. Or speak to us about leasing the unit for you before settlement. This eliminates months of holding costs prior to income-generation.
3/125 Terralong Street, Kiama NSW, Australia
Email: charlie@maverickdevelopment.com.au Phone: 0455 904 003
Mon | 09:00 am – 05:00 pm | |
Tue | 09:00 am – 05:00 pm | |
Wed | 09:00 am – 05:00 pm | |
Thu | 09:00 am – 05:00 pm | |
Fri | 09:00 am – 05:00 pm | |
Sat | Closed | |
Sun | Closed |
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