Independent review:
New off the plan townhouses in Emerald lakes
We visited the sales office and display a while ago.
2 bedroom, 2 bathroom, 150 m2, asking A$394, 900.
Positives
- BEAUTIFUL location. If you have never been to Emerald lakes, you need to. It's simply spectacular.
- plenty of walking tracks, and fancy a kayak anyone?
- Rent projections of over $400 for 2 bedroom townhouses.
- Low body corporate: no facilities besides communal lake, roads. (under $50)
- Good location, close to schools, rail (Nerang), shops (BUT I don't think you can get by without a car).
- 10% deposit, nothing to pay till next year.
- obviously heaps of depreciation available.
- suitable for young families
- waterfront property
- markets in the estate for fresh produce
- double car spaces
- plenty of light in the kitchen area
- built in wardrobes, decent sized rooms
Negatives
- It's only 150m2, so not suitable for larger families. And expensive given land area.
- There are 3 floors which makes for a lot of exercise, and not suitable for elderly.
- Carport not garage
- heat from cars will rise to living area
- Not much of a yard or much personal space at all for this price.
- Truly off the plan, so you can't really see what it will look like.
- Not a lot of storage space
Research:
Expected completion is early next year, settlement 2014. Stage 2 to follow, so can wait to see finished product. Price negotiable, so speak to your agent.
Again, much of this first stage is sold, many Asian buyers.
Repayments: approximately $2338/ month + water/rates approximately $250/month + body corp
Personally, I wouldn't pay more than A$350,000 for this property as an investment, but developers won't sell at this price. Fit and healthy young people would love this as a home.
New off the plan townhouses in Emerald lakes
We visited the sales office and display a while ago.
2 bedroom, 2 bathroom, 150 m2, asking A$394, 900.
Positives
- BEAUTIFUL location. If you have never been to Emerald lakes, you need to. It's simply spectacular.
- plenty of walking tracks, and fancy a kayak anyone?
- Rent projections of over $400 for 2 bedroom townhouses.
- Low body corporate: no facilities besides communal lake, roads. (under $50)
- Good location, close to schools, rail (Nerang), shops (BUT I don't think you can get by without a car).
- 10% deposit, nothing to pay till next year.
- obviously heaps of depreciation available.
- suitable for young families
- waterfront property
- markets in the estate for fresh produce
- double car spaces
- plenty of light in the kitchen area
- built in wardrobes, decent sized rooms
Negatives
- It's only 150m2, so not suitable for larger families. And expensive given land area.
- There are 3 floors which makes for a lot of exercise, and not suitable for elderly.
- Carport not garage
- heat from cars will rise to living area
- Not much of a yard or much personal space at all for this price.
- Truly off the plan, so you can't really see what it will look like.
- Not a lot of storage space
Research:
Expected completion is early next year, settlement 2014. Stage 2 to follow, so can wait to see finished product. Price negotiable, so speak to your agent.
Again, much of this first stage is sold, many Asian buyers.
Personally, I wouldn't pay more than A$350,000 for this property as an investment, but developers won't sell at this price. Fit and healthy young people would love this as a home.
0 comments:
Post a Comment