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Property of the Week

Purchase below market value property in rapidly transforming suburb!

 

Financial Highlights*

  • Year 1 holding cost of $13 per week
  • Year 2 cashflow positive at $10 per week
  • Purchase costs: $115,115 (80% LVR), $97,435 (85% LVR), $78,742 (90% LVR), including deposit, legals, stamp duty and LMI
  • Forecast 10 year equity growth of $313,258, average annual equity creation of $31,326 per year based on 20­year historical suburb growth
  • Tax rebate equivalent to $37,851

Exclusive to Providence:

  • Large 2 and 3 bed townhouses starting at $420,000
  • 6.0% p.a. suburb growth over last 20 years
  • Rapid 5.3% rental growth over last 10 years
  • 4.9% forecast rental yield
  • 40km northwest of Melbourne CBD
  • 1.4km to train station, passengers reach the city in 43 minutes
  • 20 minute walk to local shopping centre
  • Huge internal (up to 169sqm) and external (up to 167sqm) spaces. Purchase a townhome with house sized proportions
  • High quality finish including gas ducted heating and evaporative cooling throughout, stone bench tops and timber floors
  • Blinds package included, full turn key

*Calculations based on the following assumptions

  • Forecast growth based on historical 20 year suburb median price growth via API Price finder
  • Weekly holding cost calculated using PIA Professional Software based on $100k income with 100% of purchase price plus costs financed at 5% interest only
  • Depreciation calculated as per schedule provided by vendor

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