Great Value in Providence Estate South Ripley
This house and land package is based on –
Land – $202,000
Land Siz – 375sqm
House Build – $252,000
Total package price of $454,000
Estimated Rent $380-410 per week
Other lots and designs are also available and prices vary.
The ‘invest from’ cost per week is based on –
Separate (split) contracts for house and land), combined income of $100,000 and $45,000 with ownership split 99% to the highest income earner, midpoint of rent estimate, 2 weeks vacancy rate, $12,000 of interest costs during construction, total amount borrowed includes purchase costs, nil cash deposit, 4.6% interest only rate, council ($1,800), strata ($4,000 on units only), water ($200), building and landlord insurance of $900, and estimated depreciation benefits (2019 built 211sqm house) – $12,500. Cost is based on first year of ownership.
Subject to credit approval.
Source – Prowealth Property Investment Calculator.
Just a half an hours’ drive from the Brisbane CBD via the Centenary and Ipswich Highways is the suburb of Ripley. It’s situated in the fourth fastest expanding region in Australia, the Western Growth Corridor of South East Queensland. Additionally, it lies in one of the most Intelligent Communities in the world and in the fastest growing region in Queensland, Ipswich City. Ripley is predicted to be the fastest and largest growing area in Queensland from 2011 to 2036. According to these statistics and forecasts, Ripley is set for enormous growth. Over the next 5 and 10 years, the population of the Ripley area will increase by a massive 36.29% per year and 27.60% per year, respectively. Compared to Queensland, which has a 5-year annual growth rate of 1.59% and a 10-year annual growth rate of 1.68%, the area will be growing twenty times faster and will contain nearly 105,000 people in 2036.
As well as being the fastest growing region, Ipswich City is also the fourth largest
growing region in Queensland. By 2036, the region’s population is expected to reach 485,000 people. Such a massive, future population requires the support of new dwellings and jobs. Forecasts suggest that 124,600 new dwellings will be provided to residents of the Ipswich City region between 2011 and 2036. Residents of Ripley and surrounding suburbs, from 2006 to 2026 will benefit from the estimated 30,000 to 60,000 new jobs, triggered by the 120% or more employment growth projected for the area. Business and industrial parks, as well as billion dollar projects in-progress or planned will be the major contributors to this number of jobs.