New 4BR houses, buy subject to finance, complete 5 months from land settlement, 25 mins to Brisbane CBD, 1.1% suburb vacancy, from $649k.
Financial Highlights*
- 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
Exclusive to Providence:
- 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
*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