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Offmarket

Follow The Money

Property ID: 17630015
Purchase Price $433K
Rent $450 per week (Estimated)
Gross Yield 5.4%
Small block of 5 townhouses
To be constructed

Grab your surf board and ride the wave of money. With around $300 million worth of both Government and Private Investment within just a few minutes of this property, now is the time to jump on board and use this to your advantage.


GROWTH DRIVERS

* 1.5km away a City Centre Upgrade is taking place where Education Centres, Retail, Dining, Hotels, Convention Centre and Offices will be constructed. This will bring 30,000 jobs to the precinct.
* Expansion of a major shopping centre just 2.5km from the property has been approved. This will provide 6,900 construction jobs and 1,350 ongoing retail jobs.
* A Health Hub worth $5 Billion is under construction with an expected completion of 2021, employing 3,000 people.
* A $450 Million upgrade of the Airport has been proposed. If approved this would create 2,200 jobs.
* A $384 million upgrade of the Highway started in March, bringing almost 700 jobs.
* The population is currently increasing by about 8,500 per year. This brings a need for around 280 new houses per month.
* Sales volumes, rents and prices of housing in this city are starting to increase.
* Vacancy rates are low at just 1.4% (2 to 3 % is considered a balanced market).
* This complex is located in a fully established area with little vacant land. It is situated away from where a vast majority of new land will be released but in an area where most demand is coming from Owner Occupiers.
* This Queensland city is projected to see strong growth in the coming years.

PROPERTY DETAILS

2 Bedrooms, both with built in robes;
2 Bathrooms, including an ensuite plus a powder room;
Air conditioning units in the living area and master bedroom;
20mm Stone kitchen bench tops;
Stainless steel fan forced Oven, Range hood, Dishwasher;
Single lock up garage;
Covered patio area;
Small court yard;
Insulation;
Cash flow neutral;
Just 3 km to the beach;
Close to High School, Childcare, Restaurants, Cafes and Bus stop.

Within 10 minutes, residents have access to;

More schools and childcare centres
TAFE Campus
Dozens of Restaurants and Cafes
Sporting clubs
Woolworths, Coles, IGA and Spar supermarkets
Cinema
Chemists, Doctors, Private Hospital
Banks
Bunnings

Call Matthew Barnes on 0430 979 900 to secure 1 of the last 2 available townhouses.

Matthew Barnes

Enquire Now

Land Area: 772m2

Type: Residential, House

Investment Strategy: Capital Growth

Gross Yield: 5.4%

Estimated Cash Flow: Neutral

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Matthew Barnes

Enquire Now

Land Area: 772m2

Type: Residential, House

Investment Strategy: Capital Growth

Gross Yield: 5.4%

Estimated Cash Flow: Neutral