Townsville Investment Secured
Despite facing challenges such as a settlement delay of 12 months + and addressing servicing issues due to escalating rates, we successfully secured financing for this recently constructed high-yield townhouse in Townsville. The total equity gained upon its settlement surpassed $100,000, with a projected gross yield of 6.3% in a highly competitive rental market. Congratulations!!
Key Highlights
- Gained $100,000 in equity upon settlement.
- 6.3% yield.
Loan Purpose
LVR
Loan Type
Repayment Type
Investment Rate Type
Offset Facility
Government Grant/Scheme Used
Yield on Property
Total Funds Required (Outside Leverage)
Equity Used
Rental / Week
Purchase of Residential Investment
90%
Packaged Home Loan
Interest only
Variable
Yes
No
4.5%
$0
Yes 25% of purchase price from another Investment property
$550
