Adgreen Interstate Investments
Talk of the property market on the Northern Beaches and Sydney taking a slight downturn, may have investors questioning their next move. But there remains hot spots with great returns, if you know where to look. Troy Green, director of Adgreen, in Manly, can clue you into the key investment areas.
Finding the best place and type of property to invest in can require extensive research that must be constantly updated and reassessed. The team at Adgreen is perfectly placed to guide you through the myriad of options and ensure you are making the best investment decision.
Troy says that areas in and around Brisbane are presenting increasingly attractive investment opportunities with the Queensland economy going from strength-to-strength. Spending on infrastructure and people relocating to Queensland from other states, are helping to drive the upturn.
Adgreen has identified a number of new opportunities in the Brisbane area for potential investors. One project is a waterfront hotspot in Newport offering a home and land package.
The four-bedroom, two-bathroom family homes in the Newport Waterfront Estate offer the ultimate in bayside living, being close enough to Brisbane centre to make a work commute easy while being far enough away to let families enjoy relaxing weekends.
A thriving economy is a great draw to the area and there are few places that can offer more appeal to families, being close to pristine beaches, premier golf courses, an abundance of dining and entertainment options, retail destinations, schools, childcare, hospitals and efficient public transport.
With a purchase price of $608,000, it remains well below that of most other major city prices and Adgreen is predicting a potential rental return of $600pw.
Troy say investors should consider that:
Stamp duty is only payable on the land component
It is Torrens title - so there are no strata fees
There is an approximate 5% rental return
The area has a low vacancy rate of just 2%
Resulting in a cashflow positive after tax*
He says that located on the Redcliffe Peninsula, the Newport waterside community will provide a wide range of waterside and waterfront homes suitable for different lifestyle needs. The community will feature a proposed retail and dining precinct, a retirement village, foreshore parks and a 23-hectare, non-tidal lake with high mast boat access to Moreton Bay.
Other important investment considerations about the development are that it is:
A short walk to rail links, beaches and just minutes to Bruce Highway.
Surrounded by five planned parks and four private and public schools.
Is just 35 minutes to Brisbane CBD, 10 mins to Westfield Northlakes and 50 minutes to the Sunshine Coast.
Minutes to Redcliffe Hospital and the vibrant Redcliffe dining and retail precinct, Scarborough’s iconic seafood offerings, Peninsula Fair Shopping centre and cinemas, and the booming North Lakes retail and dining hub.
These are the opportunities Adgreen can source for you. To speak to Troy about this and other potential investments contact him today.
* Based on an 80% LVR and an income of $65,000
Level 2, 22 Darley Road Manly
1300 788 101 | +61 412 381 960