In Addition to this Low Price Investor Market Development, the following is being Offered by the Developer:

GUARANTEED RENT FOR 12 MONTHS

FREE PURCHASE LEGAL COSTS

FREE BODY CORPORATE RATES PAID FOR 12 MONTHS
——————————————————————————-

THE LOCATION:

Stephenson Street, Pialba Hervey Bay is centrally located within 1 km. from Woolworths, Bunnings Hardware, and the Hervey Bay R.S.L., however the location of this development is positioned in a quiet street amongst families and brand new developments. It is difficult to find another development as ideally positioned as this.

Bay Villas are three bedroom townhouses of modern design and construction that are available for purchase at reduced prices. These lower prices provide the opportunity for investors to make some gains prior to the boom. Investors can secure one of these town homes now with a 10% deposit, with the remainder payable within 30 days.

Each townhouse provides single car accommodation, three double sized bedrooms, gourmet kitchens, ceiling fans to bedrooms and many other features designed to attract good quality tenants and maximise your rent returns.

Town homes on offer are 164m2, very large for a town home anywhere. And they are priced at $318,500. This is great buying as other units within the development have sold for excess of $340,000.

It will be impossible to build comparable villas for these prices again. This if of course another factor that helps drive prices upwards in the future.

Rents

All units that have sold within the development have been rented within 3 weeks from purchase settlement. It is difficult to find property in Hervey Bay with abundant rental returns. The usual criteria of 5-6% minimum rental returns on good quality new property that is poised for strong growth is impossible to find in Hervey Bay. So this investment recommendation is more heavily weighted in favour of capital growth potential than stellar rental returns. The rent returns have been assessed by three local agents in Hervey Bay, and their assessments range from $270 to $330 per week for Bay Villa town homes.

The developers have guaranteed the first 12 months rent at $270.00 per week plus the first 12 months Body Corp fees paid.

Body Corp fees during 2010 are approx $25 per week

Sustainability Declaration is available via the Agent

Population

The population growth of Hervey Bay has been as high as a staggering 5% during recent years, making it the fastest growing city in Queensland and the third fastest in Australia.

At the 1991 census the population was recorded at 30,000. This rose to 44,000 at the 2001 census and 53,000 at the 2006 census. Trends show this growth rate – one of Australia’s highest – will continue as the migrants from other states and regions within Queensland are attracted to all the area has to offer.