fbpx
Providence Logo

Property of the Week

Premium Boutique Townhouse - NOW COMPLETE! Forecast 10 yr equity growth of $875,398. Great location 600m to train station 6.5km south of Brisbane CBD

 

Financial Highlights*

  • Year 1 holding cost of $21 per week, turning cash flow positive in Year 2
  • Cash flow positive by Year 5 at $3 per week
  • Purchase costs: $156,414 (80% LVR), $131,813 (85% LVR), $107,154 (90% LVR), including deposit, legals, stamp duty and LMI
  • Forecast 10-year equity growth of $875,398, with average annual equity creation of $87,540 per year based on 20-year historical suburb growth
  • Forecast 10-year holding income of $4,378
  • Tax rebate of $70,413 over 10 years based on $100k single income

Exclusive to Providence:

  • 3-bedroom luxury townhouses starting at $651,500
  • Outstanding  9.1% p.a. suburb capital growth over the last 20 years
  • Strong gross rental yield of 4.7% based off three rental appraisals received; suburb average at only 3.6%
  • Minimal vacancy rate of 2.1%, with low supply of comparable stock within suburb
  • Median household income in suburb is 6% higher than in Greater Brisbane
  • Boutique development consisting of only 13 townhouses
  • Located in a quiet, tree-lined area zoned only for small residential projects
  • Construction nearing completion, expected by Q3 2018
  • Only 600m to train station
  • 4 shopping centres, 5 schools, 3 hospitals within a 4km radius
  • Low body corporate of approx. $1,685 per year
  • Excellent inclusions such as stainless steel gas cooktop, split-system air conditioning, stone benchtops, natural timber flooring, 2kW solar power system and exclusive-use courtyard

*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 always critical to accurately assess if this property is right for you or your client. To do so please contact your Property Strategist.

Happy and Safe Investing,
The Providence Property Team