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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

 

Financial Highlights*

  • 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

Exclusive to Providence:

  • 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

*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