Middle-Ring Brisbane boutique townhouse development, forecast 10-year equity growth of $476,347, 1.5% suburb vacancy rate, from $505,000, buy subject to finance.
Financial Highlights*
- Forecast 10-year equity growth of $476,347, with average net annual equity creation of $47,635 per year based on 20-year historical suburb growth
- Tax rebate of $70,500 over 10 years based on $100,000 single income
- Purchase costs: $123,989 (80% LVR), $103,558 (85% LVR), $81,957 (90% LVR), including deposit, legal fees, stamp duty and LMI
- Year 1 holding cost of $79 per week
Exclusive to Providence:
- Brand-new, 3- or 4-bedroom, 2.5-bathroom, 1- or 2-car townhouses priced at $505,000 to $520,000, and conservatively estimated to return an average gross rental yield of 4.3% to 4.4% based off three rental appraisals received
- Boutique development just 12km north of the CBD and composed of 28 well-designed and modern townhouses
- Very close to completion, which is scheduled for February 2019
- With excellent turnkey inclusions such as Westinghouse kitchen appliances, ducted day/night air conditioning, stone benchtops, roller blinds and security grilles to all windows, hot water system, and remote-controlled garage doors
- Only 400m to bus stop with direct routes to the CBD; other amenities include Prince of Peace Lutheran College (110m), Everton Hills Medical Centre (1.2km), Arana Hills Plaza (1.8km), Grovely train station (2.2km) and 5 other schools and at least 10 parks and reserves (approx. 3km)
- In a high-growth, middle-ring location that is in close proximity to major health, retail and defence industries projected to add 4,000 new local jobs up to 2036
- Suburb boasts very strong capital growth of 7.3% p.a. over the past 20 years; low vacancy rate of 1.5%
- Being delivered by a reputable property developer that specialises in small-scale niche residential projects within Greater Brisbane
*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