Middle-ring Brisbane 4-bedroom, 2.5-bathroom, 2-car townhouses starting at $589,000, with forecast 10-year equity growth of $487,582 and 0.7% suburb vacancy rate.
Financial Highlights*
- Forecast 10-year equity growth of $487,582, with average net annual equity creation of $48,758 per year based on 20-year historical suburb growth
- Tax rebate of $71,682 over 10 years based on $100,000 single income
- Purchase costs: $144,663 (80% LVR), $121,856 (85% LVR), $98,995
- Year 1 holding cost of $50 per week
Exclusive to Providence:
- Brand-new and spacious 4-bedroom, 2.5-bathroom, 2-car townhouses priced at $589,000 to $606,500, and conservatively estimated to return an average gross rental yield of 4.5% to 4.6% based off available rental appraisals
- Development composed of 45 well-designed and modern townhouses and located 12km north of the CBD, in high-growth middle ring
- With outstanding turnkey inclusions such as Bosch kitchen appliances, Daikin smart ducted air conditioning, Silestone benchtops, roller blinds throughout, security screens, 160L hot water system and remote-controlled garage doors
- Only 180m to bus stop with direct route to the CBD; other amenities include a supermarket (300m), school (700m), two early learning centres (1km), large private hospital (2.3km) and six parks and recreational areas (within 3km)
- In a high-income suburb where the median household income is $2,126 per week, which is 36% higher than in Greater Brisbane
- Managers and professionals represent 42% of the labour force
- Strong suburb capital growth rate of 6.5% p.a. over the past 20 years; very low vacancy rate of just 0.7%
- Being delivered by a dynamic and fast-growing property developer that specialises in high-quality and affordable residential projects within Greater Brisbane
*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