IDEAL FOR THE FIRST HOME BUYER OR KEEN INVESTOR.

4 Bedrooms, DLUG, large family/dining area, aircon., patio, 205m2 on a 600m2 lot will rent for around $340 per week.

Queensland Building Boost $10,000 AVAILABLE TO OWNER OCCUPIER OR INVESTOR.
Priced below bank valuation from a conservative lender, There are 4 choices of facades and floor plans.

‘The Monarch’ 1019 Littlewood Crescent. Located on a hill in the highly regarded Honeywood Estate at Fernvale.

Complete turn key home! Meet the builder! He is a proud family man & stands behind his name & product. Includes – Carpet and tiles. Dishwasher. Stainless Steel Appliances. Air-Conditioning. Ceiling fans. Driveway. Paths. Full Landscaping. Clothes Line. Letter Box. 10,000 Litre Water Tank. Security Screens and more.

Close to schools, shops, transport and the relaxing environment at Somerset Dam and Brisbane River. This area is high above flood areas and remained high and dry during the flood earlier this year.

Recent economic issues force the vendor of the land to a fast sale. Accordingly the price is drastically reduced. Median price for similar properties in the estate is $371,000. First home buyers can use the Building Boost of $10,000 plus the $7,500 First Home Buyers Grant to supplement their 5% deposit.

FOR THE INVESTOR

Growth in equity over 10 years using 6% p.a. $254,296. Assuming a taxable income of $70,000p.a. capital growth of 6% p.a., inflation at 3% p.a., interest 7.00%, repay interest only and borrow 95%.

Weekly cash flow (negative)
Year One – $76.00, Year Two – $63.00, Year Three – $73.00, Year Five – $82.00, Year Ten – $54.00

Ask for a cash flow and investment analysis to suit your situation.