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Property of the Month

Complete Townhouses only 8km east of the Brisbane CBD with a forecast 10-year equity growth of $789,350. Purchase subject to finance in a boutique development.

 

Financial Highlights*

  • Forecast 10-year equity growth of $789,350, with average net annual equity creation of $78,935 per year based on 20-year historical suburb growth
  • Year 1 holding cost of only $12 per week; turns cash flow positive starting Year 2 at $13 per week
  • Tax rebate of $63,921 over 10 years based on $100,000 single income
  • Purchase costs: $151,124 (80% LVR), $127,335 (85% LVR), $103,490 (90% LVR), including deposit, legal fees, stamp duty and LMI

Exclusive to Providence:

  • Boutique development of 8 completed townhouses, which means it has minimal risk and is ready to rent out
  • Affordable 3-bed, 3-bath and 2-car properties with prices from $630,000 to $645,000
  • Only 8km east of the CBD, in a highly sought-after suburb where the vacancy rate is a low 1.6%
  • With excellent turnkey inclusions such as ILVE stainless steel kitchen appliances, energy-efficient Panasonic air conditioning throughout, 40mm stone benchtops, colorbond roof with insulation, and fully fenced and landscaped private courtyard
  • Just 140m from bus stop with direct routes to CBD; other amenities in close proximity include a Westfield (2km), seven schools (within 2km), eight parks reserves and sports clubs (within 2km), two shopping villages (within 3km) and a large health precinct (7km)
  • Suburb has very limited supply of similar properties (0 new 3-bed townhouses as of December 2018)
  • In a high-income location that has a median weekly household income 11% greater than the wider Brisbane area

*Calculations based on the following assumptions

  • Forecast growth based on historical 20-year suburb median price growth via APM PriceFinder
  • Weekly holding cost calculated using PIA Professional Software based on $100k income with 100% of purchase price plus costs financed at 5% interest only

All clients are unique. It is always critical to accurately assess if this property is right for you or your client. To do so, please contact your Property Strategist.

Happy and Safe Investing,
The Providence Property Team