Property of the Week

New 4BR houses, buy subject to finance, complete 5 months from land settlement, 25 mins to Brisbane CBD, 1.1% suburb vacancy, from $649k.

Forecast 10-year equity growth of $479,982, with average annual equity creation of $47,998 per year based on 20-year historical suburb growth
Year 1 holding cost of $72 per week
Tax rebate of $75,676 over 10 years based on $100k single income
Purchase costs: $146,946 (80% LVR), $122,119 (85% LVR), $97,232 (90% LVR), including deposit, legals, stamp duty and LMI

Brand-new, 4-bedroom freestanding houses ranging from $649,100 to $657,500, which represent an incredible opportunity to acquire a highly affordable investment property that is approximately $100,000 less than the suburb median price
Conservatively estimated to return an average gross rental yield of 4.3% based off four rental appraisals received
Low vacancy rate of 1.1%, with very limited supply of comparable stock within suburb
Located in a highly desirable suburb just 25 minutes by car to the CBD
Area dominated by families, a demographic that typically chooses to rent dwellings with large living spaces
In an affluent suburb where the median household income is approximately 50% greater than the city average
In close proximity to a range of key employment precincts, shopping centres, schools, recreational areas and hospitals
On registered land, with completion expected five months after construction commencement
With high level of turnkey inclusions such as stainless steel kitchen appliances, split-system air conditioning to master bedroom and living area, stone benchtops, hot water system, termite protection and remote-controlled garage doors

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