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These townhouses are to be built in the sought after area of Kallangur, in an NBN ready estate!
Within walking distance of train stations, local shopping centers, and schools. This region truly brings with it the best of Suburban life.
These town houses are Full Turn Key, and start from $357,500 for a 3 bedroom, 2.5 bathroom with a garage.
The outside of the complex features:
The Kitchen area features:
Estimated Weekly Rent
Residex places the Median rent for a bedroom house in Kallangur at $380 per week. However it is not uncommon for newer properties to achieve considerably higher than the median.
Vacancy Rate for Wynnum
Kallangur currently has a vacancy rate of 4.3%, which does make it a renter’s market rather than a land lord’s market.
(Vacancy rate data sourced from SQM Research, on 12/05/2016)
The investment is estimated to have a strong 5.2% yield.
Looking at the Median house prices over the last 10 years we can see some significant growth has been occurring.
Median price in 2007 was $279,000
Median Price in 2016 is $366,000
This represents an 31.18% increase in value over the 10 year period, or a 3.1% average increase in value per year.
Whilst this historic value increase over the last 10 years is not as strong as other regions, there are significant investments in local infrastructure taking place in the area now.
Property Data sourced from Residex.com.au
Moreton Bay Rail Link
This $1.2 Billion dollar infrastructure upgrade will allow for faster public transport routes to Brisbane CBD, a trip which previously had to be completed by car. The development is within walking distance of the Kallangur station on this new line.
There is well documented evidence that proximity of public transport can have a beneficial effect on property prices.
Westfield North Lakes Stage 3 Development
The initial stages of the North Lakes Westfield have seen great success, and the third stage will bring an Ikea as well as many other specialty stores.
The consistent investment in local retail options, as well as entertainment opportunities is an ongoing addition to the quality of life style within the region.
If you would like to find out a little more about this opportunity, or to discuss whether it would suit your personal investment strategy, feel free to get in touch with us anytime!