Property of the Week

4BR houses, forecast 10-year equity growth of $487,626, hold cost $68 per week, 17km to the CBD, buy subject to finance, no val risk

Forecast 10-year equity growth of $487,626, with average net annual equity creation of $46,704 per year based on 20-year historical suburb growth
Tax rebate of $75,282 over 10 years based on $100,000 single income
Purchase costs: $139,265 (80% LVR), $115,605 (85% LVR), $91,888 (90% LVR), including deposit, legal fees, stamp duty and LMI
Year 1 holding cost of $68 per week

Brand-new, 4-bedroom freestanding houses ranging from $540,000 to $670,000, which represent an excellent opportunity to acquire a very affordable investment property that is up to $90,000 less than the suburb median price
Conservatively estimated to return an average gross rental yield of 4.3% based off three rental appraisals received
On registered land which means construction can commence soon; completion expected 5 months after commencement
Very low vacancy rate of 0.7%, with limited supply of comparable stock within suburb
Located in a highly desirable suburb just 17km to the CBD
In a quiet location but well connected to a range of amenities: only 750m to bus stop with direct route to the CBD and 900m to the local shopping village
Area dominated by families, a demographic that typically chooses to rent dwellings with large living spaces
In a high-income suburb where the median household income is approximately 26% greater than the city average
With quality turnkey inclusions such as Westinghouse kitchen appliances, split-system air conditioning to master bedroom and main living area, stone benchtops, LED downlights, 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