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The Jade Lotus Apartments in Albion QLD have truly set the bar on class and quality of style.
Starting from $423,000
This complex is built with a balance of work life and private life in mind. Conveniently situated near ample public transport, and a short commute to the CBD of Brisbane.
Walking distance to some of Brisbane’s best lifestyle and entertainment regions, including Racecourse Rd, Portside and the Gasworks Precincts.
The full plethora of amenities that this complex offers will make it very attractive to potential tenants and home owners alike!
The current vacancy rate is sitting at 4.2% (data sourced from SQM Research, updates as of 10/3/2016 ) in the region of Albion, however with the modern amenities and the new build, this apartment complex will stand a great chance of quickly attracting a high quality tenant.
Each apartment has ample balcony space and a breath taking view of the Brisbane skyline.
Residex.com.au places the annual yield for an apartment in Albion at 5%, which is considered a rather strong rental yield to accomplish. This could be enough yield in some situations to allow for this property to be positively geared.
In 2007 the median apartment price in Albion was $328,000.
In 2016 the median apartment price is now $436,000
This constitutes approximately a 33% increase over a 10 year period.
This breaks down to an average annual growth rate of approximately 3.3%
If this growth rate was to continue, on an apartment purchased for $423,000 then in 10 years we could expect the value to grow to $585,252
That is a 10 year growth potential of $162,252 or $16,225 per year.
Note: There is no perfect science or method to accurately predict the exact value growth that a region will experience in the future