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Buy of the month - Saved our client $15k from a contracted price on the same property less than 2 weeks prior


Financial Highlights*

  • 4.1% Gross rental yield
  • 5.7% year on year historical growth over last 20 years
  • Property will only cost the client $8 per week with a 10% deposit plus purchase costs based on $100,000 single income and interest only loan
  • Purchase costs with 90% LVR $127,000 including deposit, legal fees, stamp duty and LMI

Property Details:

First contract did not proceed at $630k. Vendor negotiated hard however Providence secured for $615k, saving our client $15k and paying for the cost of the service plus more. Property highlights:

  • On Large flat block of land
  • Over 200sqm internal house
  • 17km to Brisbane CBD
  • 2.4km to train station
  • Low suburb vacancy rate of only 2.04%
  • Low maintenance and in immaculate condition
  • Already Leased to long term tenant
  • Huge potential for low cost uplift in future

*Calculations based on the following assumptions:

  • Weekly holding cost calculated using PIA Professional Software based on $100k income with 90% of purchase price financed at 4% interest only

To source a similar property please contact …

Wishing you prosperous and safe investing,

The Providence Property Team

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