Brisbane competitively priced 3 or 4 bedroom, 2.5 bathroom, 1 or 2 car townhouses starting at $368,000, with forecast 10-year equity growth of $356,755
Financial Highlights*
- Forecast 10-year equity growth of $356,755, with average net annual equity creation of $35,676 per year based on 20-year historical suburb growth
- Tax rebate of $48,401 over 10 years based on $100,000 single income
- Purchase costs: $123,989 (80% LVR), $103,558 (85% LVR), $81,957
- Year 1 holding cost of $21 per week
Exclusive to Providence:
- Brand-new 3- or 4-bedroom, 2.5-bathroom, 1- or 2-car townhouses competitively priced at $368,000 to $425,000
- Conservatively estimated to return an average gross rental yield of 5.0% to 5.7% based off available rental appraisals
- Development is 21km from the CBD and consists of 83 well-designed and modern townhouses in 10 different floor layouts
- With excellent turnkey inclusions such as European electric kitchen appliances, split-system air conditioning, stone benchtops, walk-in robes, block-out window blinds, security screens, 315L hot water system and remote-controlled garage doors
- Only 750m to train station; other key amenities include two supermarkets (within 850m), a medical clinic (900m), a shopping centre (2km), two schools (within 2km), four parks and recreational areas (within 2km), and a new employment precinct operated by a famous brand known worldwide (2km)
- In a rapidly growing suburb where the population is projected to increase twice as fast as that of Greater Brisbane’s over the next 20 years
- Strong suburb capital growth rate of 6.7% p.a. over the past 20 years; low vacancy rate of just 1.8%
- Being delivered by a well-funded, privately owned property developer, that has been specialising in affordably priced luxury residences for the past 20 years
*Calculations based on the following assumptions
- Forecast growth based on historical 20-year suburb median price growth via 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