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