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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

 

Financial Highlights*

  • 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

Exclusive to Providence:

  • 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

*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