Property of the Week

Forecast 10-year equity growth of $516,652. Near Complete Townhouses! Sub 500k

 

Financial Highlights*

• Year 1 holding cost of $32 per week
• Cash flow positive by Year 8 at $39 per week
• Forecast 10-year equity growth of $516,652, with average annual equity creation of $51,665 per year based on 20-year historical suburb growth
• Tax rebate of $62,440 over 10 years based on $100k single income
• Purchase costs: $119,056 (80% LVR), $99,431 (85% LVR), $78,681 (90% LVR), including deposit, legals, stamp duty and LMI

Exclusive to Providence:

• 3-bedroom off-the-plan townhouses starting at $499,500
• Open-plan properties in relaxed setting close to parks and reserves
• Significant 7.6% p.a. suburb capital growth over last 20 years
• Strong 4.7% rental yield across three rental appraisals; suburb average at only 3.9%
• Very low vacancy rate of 1.1%
• 14km north of Brisbane CBD
• 450m to bus stop
• 800m to hypermarket
• Within 5km radius of approximately 30 parks and recreational spots
• Superior inclusions such as 6-Star energy rating, water-saving tapware and showerheads, stainless steel kitchen appliances, ducted air conditioning, and security system
• 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