Glasshouse Mountain is one of the fast growing areas of the beautiful Sunshine coast. Over the past 5 years this area has seen 23.2% capital growth with no sign of slowing down. Additionally, Glasshouse Mountains is set to more than triple in population by 2036 which is the highest rate of growth in the region.
Site works are complete with titles expected March 2018. Located only 25 minutes from the beach at Caloundra and one hour from Brisbane central station by train.
Glasshouse Mountains is part of the Hinterland region of the beautiful Sunshine Coast, many would recognise the name in association of the 5 huge mountains which resemble glass in the sunlight! However, the most important point re growth in this location is the demand for housing which has outstripped supply in nearby Caloundra area, and therefore there is a large spillover of demand into this nearby area. Housing demand is still being driven by the hundreds of jobs on the Sunshine Coast due to the major projects including the airport expansion, the new city of Maaroochydore under construction, plus the major road network construction, plus two new very large housing estates being progressively constructed (huge demand for labourers and subbies) plus the additional smaller projects all approved and underway.
This property represents an exclusive opportunity for investors seeking a high yield and capital growth in the heart of one of Queensland’s most desirable areas. This home comes with A/C, stone benches, lockable windows, safety screens and ceiling fans, open plan kitchen, dining and living space with built in wardrobes and a single lock up garage per unit.
Far outstripping the average gross yield of 5.05% for the area, this investment opportunity achieves 6.5% gross yield and is set to enhance your portfolio for years to come.
Two contract purchase: $1000 Expression Of Interest with initial deposit paid Land Contract and Build Contract direct with builder. Finance 21 days On finance approval balance deposit of $26,000 to be paid on land contract PLUS $16,000 Initial deposit to be paid to builder Land settlement: 14 days from title issue
Purchase Timeframe: settle land 4 weeks Plus Build Time: approx. 14-16 weeks (Guarantee given to not exceed 20 weeks)
- First tenant guarantee
- Tenant ready, and re sale ready
Bonus: if your contract to purchase is signed and returned within 10 days and your finance is approved within 21 days you will receive free supply and installation of air conditioners and also dishwashers
This Opportunity:
Land: size 600m2 Price: $270,000 registers in November, 2019. Construction of this lot is underway.
Dual Occupancy: total of 5 beds, 3 baths, 2 cars
Build Cost: $320,000 Total size of dual: 210m2
Dwelling 1: 3 beds, 2 baths, 1 car
Dwelling 2: 1 bed, 1 bath, 1 car
Rental estimate: $680 to $720 per week
Cash flow positive – 6.4% yield
Nearby:
• Train 620mtrs
• School 1100mtrs
• Daycare: 700mtrs
• Shopping: 700mtrs
• Parks/Reserves: 220mtrs
• Bruce Hwy to Brisbane – 10 mins easy access
• Caloundra for major shopping and beautiful beaches under 25 mins drive
• New city being constructed “Aura” – in the very near future the access to the facilities being developer here will be under 15 mins drive – new major shopping centre, new transit centre for bus and train, new schools and private colleges, new University, beautiful waterways and lifestyle and recreational facilities and much more…… all this just a short drive away!
Great property! Great location for growth and rental income security!

FOR SALE: $590,000

Kaye Tilley 0418 823 046
John Tilley 0417 04 14 24