Lot 178 Creekside Parade, Julago QLD 4816 – Elliot Springs

$550,546

  • 4
  • 2
  • 2
  • 455m²
  • H & L

Elliot Springs, QLD: A Turn-Key Investment Next to a Future Coles Shopping Center

Welcome to Elliot Springs, where an exceptional turn-key investment opportunity has emerged, and it’s not one to linger on the market. This stunning 4-bedroom option provides you with a prime investment in one of Townsville’s fastest growing suburbs.

Investor Highlights:

  • Rapid Growth: Elliot Springs is on the verge of a remarkable transformation. A Coles shopping centre, backed by industry leader LendLease, is poised to become a prominent addition next to the estate. This development is perfectly aligned with the expected population increase and enhances the region’s amenity, making it an even more attractive destination for residents and, consequently, a highly promising investment.
  • Defence Housing Australia (DHA): 400 brand new DHA homes have been announced in the Elliot Springs estate which has geared the region to boom in the coming years. This builder liaises directly with DHA to assist with tenanting.
  • Capital Growth Potential: The investment potential in Elliot Springs is undeniable. The area’s strategic location within Townsville, combined with its robust economic outlook, sets the stage for significant capital growth. Properties here are expected to appreciate rapidly, making it a sound investment choice.
  • Stable Rental Market: The region’s dynamic economy, coupled with a growing population, has created a stable rental market. With various housing options and an influx of new residents, rental demand is strong. This stability assures investors of a dependable income stream.
  • Lifestyle Amenities: Elliot Springs is designed to offer residents an exceptional quality of life. Modern amenities, green spaces, parks, and an extensive network of walking and cycling trails are poised to make this community incredibly appealing to tenants.
  • Educational Facilities: The development plans for educational facilities make Elliot Springs an ideal choice for families. Access to schools and a focus on education can draw long-term tenants, bolstering the investment potential.

Why Act Swiftly in Elliot Springs, QLD?

Whether you’re a seasoned investor seeking rapid capital appreciation or looking to leverage a robust rental market, this property in Elliot Springs is an exceptional proposition. The development’s strategic location, wealth of amenities, forthcoming educational facilities, and the convenience of a future Coles shopping centre all contribute to its desirability for residents and tenants.

Don’t miss out on this fast-track investment in Elliot Springs, QLD. Explore the potential of this dynamic community and secure your position in a rapidly growing region. Your investment journey in Elliot Springs, Townsville, begins here, promising a blend of investment opportunity, convenience, and urgency that captivates investors seeking quick returns.

Overview

  • $190.76/m

  • 9.83%

  • 5.29%

  • 1.69%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area180 m²
Build price$395,543
Land price$155,000
Title StatusRegistered
Contract typeSplit
Storeys1
Council Rates*$125/m
Water Rates*$40/m
Tax depreciation*$734/m
Rental Income*$2384/m
* these figures are an estimate only, based on current average rates and current relevant figures.

Documents