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.
