Self Managed Super Fund Purchase - Unit 4/10 Creek St, Bundamba Heights, 4304, QLD - SOLD - Client C
Townhouse 4, 10 Creek St, Bundamba Heights
Purchase Price - $325,000
Weekly Expected Rent - $310 - $330 per week.
Gross Yield - 4.96% - 5.28%
Deposit Required SMSF borrowing is 30% - $97,500
With this clients employer contributuions and the rental return, this property will be owned outright by the super fund by 2026.
Bundamba Heights At A Glance
Bundamba Heights is a quiet suburb just out of Ipswich, within close proximity of schools and the tafe.
The Ipswich residential market is improving and is at the moment in recovery (better known as the bottom of the property cycle) and is likely to enter an upturn by late 2016.
The population is growing and is one of the fastest growing areas in Australia. We anticipate the need to build in between 2500 and 3000 new dwellings each year to keep up with this growth. As it stands right now the market is undersuplied. Vacancy Rates in the whole Ipswich area are 1.8% which obviously proves this under supply issue.There are 10 new schools being built in South East Queensland and 4 of them will be located in the Ipswich Area.
Ipswich is emerging as Brisbanes "Parramatta" or "western urban pulse point". And similar to the western flank of Sydney, Ipswich holds significant tracks of urban and industrial land, so continued new development and government investment is expected.
Breakthrough Potentials spends alot of time and money in researching all of Australia's Property Markets and yes there is alot to it it however, We believe key factors to high performance investing is a diverse economy, growing population and government development and investment.