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Riverway Point, Condon, Townsville Qld

Search Investment Properties » Riverway Point, Condon, Townsville Qld » Best Performing
 
 

Gregory Street Condon QLD 4815 Australia

Investment Property in Condon, Northern, Queensland
 
 
 
 
 
 
 
NRAS
This investment property is eligible for the National Rental Affordability Scheme (NRAS): Government backed 10 year rental incentive.

Apartment   501

Select Investment Property: 

Physical Attributes

Level: G 1
Status: Available Compass: North of Brisbane
Aspect: West Title: Strata
Bedrooms: 3 Bathrooms: 2 (1 Ensuite)
 
Internal Area: 91 sqm External Area: 15 sqm
Total Area: 106 sqm
Elevation: 19.7m above sea level
Views: No Furniture Package: No
Parking: 2 car spaces
Start Date: 01/11/2010 Completion Date: 30/10/2011
 
Special Needs: No 
On-Site Manager: Yes
Inspection Times: Appointment Only
 
Investment Property Overview

Riverway Point is a completed residential resort style unit complex located in one of Queensland's fastest growing areas.  Riverpoint comprises 70 stylish 2 and 3 bedroom apartments within 6 buildings sprawled across the landscaped site.  Amenitites include pool and BBQ area and an on site manager to oversee the complex.

Investment Information

Costs
Price: $390,000 Stamp Duty: $11,475
 

Capital Growth

 
Capital Growth
Historical capital growth data provided updated at the end of Q1 each year.

Population Changes

 
Historical Population Change
Historical data provided by the Australian Bureu of Statistics (ABS) and updated at the end of Q1 each year.
11.41% p.a. (Historical) 5.46% p.a. (Historical)
-7.74% (2011) n.a. (2011)
5.72% p.a. (5 year predictive)
 
 
Investment Returns
Various units of measurement for investment property performance.

Investment Returns
 
Total Return
The sum of 'Predicated Capital Growth' and 'Gross Yield'.
 Total Return: 11.86%
Gross Yield: 6.14%
 
Gross Yield
Annual rental income as a percentage of purchase price BEFORE factoring expenses.
 
Weekly Cash Flow
The weekly cash flow the investment averages over 10 years.
 Weekly Cash Flow: $58
Net Yield: 4.50%
 
Net Yield
Annual rental income as a percentage of purchase price AFTER factoring non-finance expenses.
Market Rent: $380 per week.
 
 
Levies
Recurring expenses associated with owning the property which the landlord is generally required to pay. These are estimates provided by the lister of the property and are factored into all performance calculations.

Levies
Council: $1,500 p.a. Water: $500 p.a.
Strata Fee: $1,674 p.a.
 
Expenses
Management Fee$1897
Land Lord Insurance$350
Maintenance$450
Strata$1,674
Council$1,500
Water$500
Year 1 Expenses$6,371
10 Year Average$7,509
Expenses are indexed to CPI.
Expenses: $6,371
 
 
Investment Assumptions
These are the values that have been used or entered by you at the top of the page to perform the calculations.

Your Investment Assumptions
Total Income: $85,000
 
Loan Amount
Price:$390,000
+Stamp Duty:$11,475
+Conveyancing:$950
+Dep. Report:$575
+Closing Costs:$0
+Loan Costs:$2,015
-Cash Invested$0
Loan Amount$405,015
Loan Amount: $405,015
Rent Per Week: $380 Rental Vacancy Rate: 4.00%
Interest Rate: 6.75% Inflation Rate: 3.6%
Cash Deposit: $0 NRAS: Yes
 

National Rental Affordability Scheme (NRAS)
Credit: $9,524 Less Audit Managers Fee: $762
Rent Discount of 20% to $304 per week.
 
Discounted Rent
Market Rent$380
NRAS Discount20%
Discounted Rent$304

Area Information

Map & Streetview
Proximity to Services
search investments: Riverway Point, Condon, Townsville Qld proximity to services
Willows Shoppping Centre        500m
Cannon Park Centre        500m
Dairy Farmers Stadium        2.3km
School        3.2km
James Cook University        5.6km

Investment Property Synopsis

Area Initiatives

 

Accessibility is a core benefit of this built development. The site's proximity to all major business hubs, lifestyle and entertainment precincts provide unparalleled convenience.  Fantastic shopping and leisure facilities are at the doorstep such as the newly redeveloped Willows Shopping Centre, Riverway Precinct, Cannon Park Centre and easy access to the Ring Road

The Townsville International Airport, Townsville Entertainment Centre, Dairy Farmers Stadium, James Cook University, Lavarack Army Barracks and the CBD are just minutes by car.  

Located approximately 11 kilometres from the Townsville International Airport and less than 10minutes drive from the CBD; The Riverway Precinct is undergoing a transformation as a highly sought-after fringe CBD destination.

Features

 

Open plan design

Quality fixtures and fittings

Air conditioning throughout

Tiled entry, kitchen, balcony and wet areas

Carpet in bedrooms, lounge and dining

Telephone and TV points provided

Landscaped gardens through common areas

Centrally located swimming pool

BBQ facilities within the pool area

Audio intercom Security S’ystem

Provision for Pay TV

35 visitor car parks

Price List

View All Properties
#PriceTypeLevelAspectBedsBathsCar Int m2 Ex m2
501$390,000Apartment G 1 West 3 2-1E 2 91 15
505$395,000Apartment 1 West 3 2-1E 2 91 15
509$399,000Apartment 2 West 3 2-1E 2 91 15
607$395,000Apartment 1 East 3 2-1E 2 91 15
612$395,000Apartment 1 East 3 2-1E 2 91 15