Springfield, Brisbane
Key Investment Features:
- Undersupplied market
- Rents and values expected to rise
(see market report)
- Onsite management
- Very attractive master planned
community
- Air conditioned
- Swimming pool, gazebo and barbeque
areas
- Quality inclusions
This residential property development contains 96 three bedroom luxury villas on gently sloping land, located minutes from schools
and educational facilities.
Shopping centres are only 5 minutes
away.
The complex includes a sculptured swimming pool and gazebo with
barbeque area for use of residents. The townhouses and
recreational areas will be intensively landscaped.
All residences are equipped with air conditioning, ceiling fans and remote
control doors to double garages. The majority of villas have family and/or
meal rooms, built in robes, ceramic tiled living areas leading to fully fenced
courtyards.
View the site plan
The average price of a townhouse in this development is $232,000. Construction of
the townhouses commenced in August 2003 with completion and settlement expected in
approximately 6 to 8 months. Expected rentals range from
$235 per week.
Investors on the
highest marginal tax rate, borrowing 100% of the purchase price may hold a
property for an estimated after tax cost in year one of
approximately $11 per week.
Tax Position
Summary:
| Gross
rent (p.a.) |
$12,220 |
| Total
tax deductions |
$27,136 |
| Tax
surplus/deficit |
($15,405) |
| Tax
saving/refund |
$7,471 |
| Annual
after tax cost |
($573) |
| Weekly
after tax cost (year 1) |
($11) |
|
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