Duplex Pair, Positive Cash Flow & Prime Growth Location
Property ID: 17033645
Purchase Price $662K
Estimated Rent $390 + $360 = $750 per week
Estimated Yield 5.89%
To Be Constructed
Brand new off the plan duplex to be built with future strata title in mind. Located in one of the prime investment locations in Queensland with $Billions worth of new infrastructure investment planned or under construction, this region is set for strong capital growth.
* Primary & High schools + Childcare;
* Public and Private Hospitals;
* Coles, Woolworths & IGA;
* Dozens of Restaurants, Cinemas, RSL and Cafe's;
* Retail outlets and Hardware stores;
* Bus stops and train station.
Within a few minutes drive there are a number of schools and a TAFE College.
* 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 1.2% (2 to 3 % is considered a balanced market).
* 15 Minutes away a City Centre Upgrade is taking place where Education Centres, Retail, Dining, Hotels, Convention Centre and Offices will be constructed. This will bring 10,000 jobs to the precinct. Expansion of a major shopping centre 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.
Both units have;
Air conditioning in living areas;
Fans in all bedrooms;
Stone bench tops;
Ceiling insulation to indoor living areas;
Turf and basic landscaping;
1800 MM timber fences;
3 Bedrooms, all with built in robes;
2 Bathrooms, including en suite;
Double Lock Up Garage;
Open plan Meals/Kitchen/ Family;
2 Bedrooms, both with built in robes;
Single Lock Up Garage;
Call Matthew Barnes on 0430 979 900 for further details.
This property is part of the Free We Find Houses Direct range of properties: https://wefindhouses.com.au/invest/direct