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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.

 

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

All clients are unique. It's 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