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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

All clients are unique. Its critical to accurately assess if this property is right for you or your client. To do so please contact your Property Strategist for more information.

Happy and Safe Investing,
The Providence Property Team