Circa Estate Northlakes Mango Hill
This house and land package is based on –
Land – $229,900
Land Size – 263sqm
House Build – $279,000
Total package price of $508,900
Estimated Rent $450-500 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 235sqm house) – $12,500. Cost is based on first year of ownership.
Subject to credit approval.
Source – Prowealth Property Investment Calculator.
Just 40 minutes drive from the Brisbane CBD is the suburb of North Lakes, the second largest growing area in Queensland. It lies in the rapidly-expanding Northern Growth Corridor of South East Queensland, in one of the fastest growing regions in Australia, the Moreton Bay Region.
North Lakes is set for enormous growth over the next 5 and 10 years, with the population expected to increase by 4.54% per year and 4.11% per year, respectively. Moreton Bay population is expected to reach a whopping 620,000 people and with such a massive future population will come the support of new dwellings and jobs.
Forecasts suggest 91,000 new dwellings will be provided to the Moreton Bay region along with 1,000 to 5,000 new jobs to the North Lakes area.
North Lakes residents have access to a highly-diverse range of amenities. These include childcare centres, special schools, public and private schools, University, Redcliffe beach and more. Large companies like IKEA, Costco, Bunnings and Westfield now call North Lakes home too.
North Lakes Hot Points
• Second Fastest growing area in Queensland.
• One of the fastest growing regions in Australia.
• $33+ billion in projects and infrastructure.
• Childcare centres
• Top schools (The Lakes College and St Paul’s)
• University of the Sunshine Coast and Queensland University of Technology Caboolture.
• TAFE Queensland Bracken Ridge and TAFE Queensland Redcliffe.
• North Lakes Private Day Hospital
• Redcliffe Public Hospital.
• Parkland and recreational facilities
• Access to public transport (Bus and Train)
• 4 shopping centres (Westfield North Lakes, Mango Hill Market Place, Kallangur Fair, Westfield Chermside)
• So much more
Looking for an investment property?
Prowealth offers a full range of properties including houses, duplexes, units, apartments and townhouses for the everyday investor.
Heavily researched and carefully hand picked, all properties Prowealth offers are full turn key meaning they come with all the inclusions you need with your investment and is ready for your tenant to just move in. No additional costs, no extra items it’s that simple.
Prowealth has been around for 25 years and will be around for many more. Prowealth’s formula has four key elements to it.
We help you legally minimise your tax, through structures and incentives at both a state and federal level.
We ensure your finance is setup correctly from day one to grow your investments and protect your home.
We get the details right. Research, Location, inclusions, infrastructure, cashflow through to property management.
Our purpose is to improve your financial position through property.
Our process makes it stress free for you to get started or keep going.
Our formula has presented more families the opportunity to be financially free than any other Property Investment company the country. We can help you too.
If you’re interested in learning more, we’d love to speak to you.
Prowealth. Trusted Property Investment Advice since 1994.
Photos and floorplan are indicative only. Price correct at time of publication.
Prowealth Stock Code – Piv
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