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Property of the Week

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

All clients are unique. Its 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