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Property of the Month

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

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