Highly affordable, entry-level, 3-bedroom, 2.5-bathroom, 1-car townhouses priced up to $20,000 less than the suburb median, close to completion with a forecast 10-year equity growth of $125,494.
Financial Highlights*
- Forecast 10-year equity growth of $125,494, with average net annual equity creation of $12,549 per year based on 20-year historical suburb growth
- Tax rebate of $54,910 over 10 years based on $100,000 single income
- Purchase costs: $88,214 (80% LVR), $73,677 (85% LVR), $58,307 (90% LVR), including deposit, legal fees, stamp duty and LMI
- Year 1 holding cost of $50 per week
Exclusive to Providence:
- Highly affordable, entry-level stock priced up to $20,000 less than the suburb median for townhouses
- Brand-new, 3-bedroom, 2.5-bathroom, 1-car townhouses available from $365,000 to $370,000, and conservatively estimated to return an average gross rental yield of 4.7% to 4.8% based off three rental appraisals received
- 32km north of the CBD and composed of 88 well-designed and modern townhouses
- Last two stages are very close to completion, which is scheduled for 2019 Q2
- With superior turnkey inclusions such as oven, electric cooktop, stone benchtops, chrome tapware, full-length vanity mirrors, blinds to all windows, remote-controlled panel-lift garage doors and AS-compliant insulation and termite protection
- Within a large greenfield location adjoining an existing urban zone, and is not significantly affected by flood, slope and other issues
- Only 1.6km to motorway, along with a range of shopping, educational, recreational and medical options within a 5km radius
- In a high-income suburb where the typical household earns 16% more than that the wider metropolitan area
- Resident population is expected to increase by 55% over the next 20 years
- Being delivered by a well-established property developer that specialises in small-scale niche residential projects and is backed by leading banks
*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
- It is important to note that past performance is no guarantee of future performance
- We recommend readers take the projection number based on historical growth and multiply this by 50% to 60% as a balanced guide for 10-year expectations
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.
