Why invest at The Onyx?

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9251 5288
Osgood Avenue is a quiet residential street that is just moments to both Metro and Light Rail at Dulwich Hill Station with peak travel time to the CBD only 12 minutes. Considered the jewel of the inner west, the hip suburb of Marrickville now offers an abundance of lifestyle and entertainment options including a hip foodie / restaurant scene, live music venues, arts crafts and produce markets, pubs, craft breweries, coffee shops and more
1-bedroom apartments at The Onyx without parking have potential rental returns circa $450 per week. The courtyard apartments with parking have been appraised at $550 per week. Marrickville is a tightly held suburb with 45.2% of households (predominantly childless, professional couples aged 30-39 years) renting. With a strong population growth, the vacancy has remained steady below 2%. Source: Corelogic
Asia Pacific Quantity Surveying have provided initial estimates of depreciation circa $58,000 over a 40-year period. Based on the Diminishing Value Method, prospective investors would be entitled to claim $6,327 total in Year 1 for both Plant & Equipment and Capital Works allowances. For further information speak with Paton Jamieson.
With no lift, pool or gymnasium, estimated levies have been assessed at a very competitive $560 per quarter.