Property of the Month

Brisbane 4-bedroom, 2-bathroom, 2-car houses starting at $588,720, with forecast 10-year equity growth of $466,550 and exclusive $13,000 buyer incentive

Forecast 10-year equity growth of $466,550, with average net annual equity creation of $46,655 per year based on 20-year historical suburb growth
Tax rebate of $62,886 over 10 years based on $100,000 single income
Purchase costs: $134,609 (80% LVR), $111,762 (85% LVR), $88,861 (90% LVR), including deposit, legal fees, stamp duty and LMI
Year 1 holding cost of $37 per week

Providence clients are entitled to an exclusive $13,000 buyer incentive that may be used on upgrades to the property, offset to charges and fees, or as a straight-up cash rebate
Brand-new 4-bedroom, 2-bathroom, 2-car houses priced from $588,720 to $606,650
Conservatively estimated to return an average gross rental yield of 4.5% to 4.6% based off available rental appraisals
Boutique development just 18.5km from the CBD and comprised of 21 modern and well-designed freestanding houses
With outstanding turnkey inclusions such as Westinghouse kitchen appliances, split-system air conditioning upgradable to ducted type, 20mm stone benchtops, ceiling-mounted Bluetooth speakers to the living area, built-in robes and block-out blinds to bedrooms, and instantaneous gas hot water system
Homes come with a 6-year structural warranty and 12-month maintenance warranty
Only 270m to the bus stop; other key amenities within a 2km radius include three supermarkets, a medical clinic, five schools and child care centres, seven parks and recreational areas, and a TAFE
In a high-demand suburb where the vacancy rate is a low 1.0% and only one comparable property is available for rent
Solid suburb capital growth rate of 6.1% p.a. over the past 20 years
Delivered by a well-established property developer that has been specialising in boutique residential developments since 1987

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