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Right Location (Coomera)
Ideally
located between Brisbane and the Gold Coast, in the fastest growing
corridor in Australia. With easy access to the eight-lane Pacific
Motorway and easy commuter Queensland Rail services provide fast,
comfortable and direct access to both areas. With magical views from
every home site of the sprawling gold coast close to local parks,
walking tracks, Coomera River and a lake. Close to 3 private schools
and 3 public schools, short commuting distance to 3 university
campuses, 20 minutes to beaches of the lovely Gold Coast and 35
minutes to Brisbane CBD.
The size of Coomera is
approximately 37 kmē. There are 5 schools and 3 childcare centres
located in Coomera. The population of Coomera in 1996 was 1,351
people. By 2001 the population was 1,871 showing a population growth
of 38% in the area during that time. The predominant age group in
Coomera is 20 - 29 years.
Households in Coomera are primarily
couples with children and are likely to be repaying between $800.00
- $1000.00 per month on mortgage repayments. In general, people in
Coomera work in a professional occupation. In 1996, 41% of the homes
in Coomera were owner-occupied compared with 24% in 2001.
Currently the median sale price of
houses in the area is $392,511.
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Maximum Depreciation Schedule.
Being a brand new development you have 2 advantages.
1-Stamp duty savings and 2- Get full depreciation on building and
internal fittings.
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0% Vacancy Rates (Always have a tenant).
The property specialists say that they have 2-3 confirmed tenants
waiting for every new property on the rental market.
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Value for Money. From $335k
for Duplexes to $385k+ us for House & Land Packages.
Affordable investment loan and comfortable to service at most income
levels.
And due to the rental return being at the right amount, we are
targeting the majority of tenants that can afford to pay this rent
amount.
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Perfect Rental Return Approx 5%.
Due to the high number of people moving into the area the rental
returns are favourable keeping the investors contribution at an
affordable range.
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Type of Tenant. (Semi Professional, Yuppies).
The ideal type of tenant, double income couples that work either in
the area, Gold Coast or Brisbane. Especially with the new township to
be developed there like the shopping centre, industrial and commercial
areas the need for housing for now and the future will be ideal for
the investor.
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What will your weekly
contribution be? My Financial Advisor,
Accountant and I have done some calculations on a $50,000k income and
it will approx be around the $60 - $80 a week contribution, obviously
higher the income the better it will be due to the higher tax relief.
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