Property of the Week

Forecast 10-year equity growth of $723,032. Premium In-Fill House and Land! 750m to train station

 

Financial Highlights*

• Year 1 holding cost of $40 per week
• Cash flow positive by Year 4 at $18 per week
• Forecast 10-year equity growth of $723,032, with average annual equity creation of $73,649 per year based on 20-year historical suburb growth
• Tax rebate of $43,125 over 10 years based on $100k single income
• Forecast 10-year holding income of $13,458
• Purchase costs: $145,057 (80% LVR), $120,440 (85% LVR), $95,763 (90% LVR), including deposit, legals, stamp duty and LMI

Exclusive to Providence:

• 4-bedroom freestanding houses starting at $651,952
• Brand-new homes in premium in-fill house and land site
• Outstanding 9.9% p.a. suburb growth over last 20 years
• Strong 4.7% rental yield across three rental appraisals
• 15km north of Brisbane CBD
• 750m to train station
• 2km to shopping centre
• 2km to one of most prestigious universities in Queensland
• High-quality inclusions with energy-efficient LED lighting, stainless steel, kitchen appliances, ducted air conditioning and 250L electric water heater
• Full turn key, blinds package included

*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