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Property of the Week

Forecast 10 year equity growth of $360,010, premium, middle-ring Brisbane townhouses, complete in December 2018, returning 5.0% based on four rental appraisals, 1.1% suburb vacancy, from $425k

 

Financial Highlights*

  • Forecast 10-year equity growth of $360,010, with average net annual equity creation of $35,338 per year based on 20-year historical suburb growth
  • Year 1 holding cost of $33 per week
  • Tax rebate of $53,332 over 10 years based on $100,000 single income
  • Purchase costs: $101,332 (80% LVR), $84,634 (85% LVR), $66,979 (90% LVR), including deposit, legal fees, stamp duty and LMI

Exclusive to Providence:

  • Brand-new, 3-bedroom, 2-bathroom, 1- or 2-car townhouses priced at $425,000 to $430,000, and conservatively estimated to return an average gross rental yield of 5.0% based off four rental appraisals received
  • Developer has granted Providence exclusive rights to negotiate prices, with lots approximately $25,000 lower than listed prices – these represent an incredible opportunity to acquire a highly affordable investment property
  • Boutique development 18km north of the CBD and consisting of less than 20 aesthetically pleasing and environmentally sustainable townhouses
  • Rental guarantee of 5% offered by developer for 12 months
  • In a high-growth, middle-ring suburb with low vacancy rate of 1.1% and limited supply of comparable stock
  • Located just 150m from bus stop with direct routes to the CBD and in close proximity to a range of key employment precincts, shopping centres, schools, recreational areas and hospitals
  • Very close to completion, which is expected by December 2018
  • With high level of turnkey inclusions such as stainless steel kitchen appliances, split-system reverse-cycle air conditioning, stone benchtops, roller blinds to all windows, hot water system, termite protection and automatic garage doors
  • Being delivered by a leading and an award-winning builder with over 15 years of experience in Brisbane and Sunshine Coast residential projects

*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