Architecturally Designed Townhouse - 4 months to completion! Forecast 10 yr equity growth of $671,441. Quiet location in rapidly growing corridor of Brisbane 11km north of the CBD
Financial Highlights*
- Year 1 holding cost of $33 per week
- Purchase costs: $129,575 (80% LVR), $107,966 (85% LVR), $85,119 (90% LVR), including deposit, legals, stamp duty and LMI
- Forecast 10-year equity growth of $671,441, with average annual equity creation of $67,144 per year based on 20-year historical suburb growth
- Tax rebate of $56,121 over 10 years based on $100k single income
Exclusive to Providence:
- 3 & 4-bedroom townhouses ranging from $550,000 to $580,000, which are approx. $30,000 less than comparable townhouses within the suburb
- Remarkable 8.5% p.a. suburb capital growth over the last 20 years
- Gross rental yields of 4.9% based off three rental appraisals received; suburb average at only 4.3%
- Low vacancy rate of 2.0%, with very low supply of comparable stock within suburb
- Suburb dominated by DINKs mostly employed as managers or professionals
- Located in a quiet area within the rapidly developing northern Brisbane corridor
- Construction scheduled for completion by December 2018
- Only 650m to nearest bus stop with direct connection to the CBD
- Superior inclusions such as Bosch kitchen appliances, ducted air conditioning, stone benchtops, hot water system, timber fence and remote-controlled garage doors
*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