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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

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