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Property of the Month

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

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