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Property of the Week

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

All clients are unique. It is 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