Exclusive $18,000 investment boost in 'The Crest'

Exclusive $18,000 investment boost in 'The Crest'

Monday, 20 August 2012

Brookwater Realty is offering an exclusive $18,000 residential investment boost to all buyers who purchase a luxury terrace home and land package from the golf residential community’s latest release, The Crest.

Brookwater Residential General Manager Terry Honan said the offer was a great way for investors to significantly increase rental yields on top of the existing tax benefits already on offer.

“Brookwater Realty is offering a residential investment boost of $9,000 per year for the first two years to all new terrace home investors,” Mr Honan said.

“This exclusive offer is a great way for investors to significantly increase rental yields, with the boost expected to produce yields of up to 6.8 per cent for investors over a two-year period,” he said.

Research by BMT Tax Depreciation Quantity Surveyors found that investors could expect significant tax savings on Brookwater’s luxury terrace homes. The research found Brookwater’s terrace homes will obtain maximum depreciation potential within the first five years of ownership, with investors benefiting from a tax depreciation saving of more than $76,700 over a ten-year period.

Mr Honan said Brookwater traditionally had a highly sought-after rental market, with less than two per cent of homes listed for rent at any given time.

“Brookwater continues to be one of south-east Queensland’s most highly sought-after investment areas,” Mr Honan said.

“The latest census figures show rent has been consistently climbing in the western corridor, with some rentals having risen more than 50 per cent in the past five years.

“With less than two per cent of homes listed for rent at any given time, property owners are guaranteed maximum rental returns with little-to-no tenant vacancy,” he said.

The latest stage in The Crest is an exciting collection of 31 home and land packages, appealing specifically to existing residents, families and investors. Homesites range from 401 square metres to 814 square metres, with home and land packages priced from $495,000.

“The desire for housing diversity coupled with an exclusive golf lifestyle is driving demand for the entire The Crest precinct,” Mr Honan said.

 “One of Brookwater’s most diverse precincts, The Crest offers a wide range of home and land options to suit a variety of lifestyles and needs.

“Enquiry levels have been strong since The Crest was officially launched in April, with the variety of housing options, proving to be a major drawcard for buyers,” he said.

Springfield Land Corporation Deputy Managing Director Raynuha Sinnathamby said Brookwater is set to become one of the best-serviced residential communities in south-east Queensland.

“Brookwater has evolved dramatically over the past decade,” Ms Sinnathamby said.

“The new Brookwater Retail Village – set to open later this year – will bring a diverse range of health services and retail options to the local community, firmly positioning the premier golf community as one of south-east Queensland’s best-serviced areas,” she said.

Ms Sinnathamby said Brookwater investors are set to benefit from strong capital growth in the area, with a number of exciting new developments in Greater Springfield contributing to the region’s incredible growth.

The completion of the $1.2 billion Springfield rail project will see 9.5 kilometres of dual rail line built to new stations at Springfield (near Woodcrest College) and Springfield Central (near Orion Town Centre). The first stage of this project – Darra to Richlands – is already operating.

“Greater Springfield is experiencing rapid growth at the moment, with developments such as the Springfield rail line on-track to be completed in 2013. Once completed, commuters will be able to travel direct to Brisbane’s CBD in less than 30 minutes,” Ms Sinnathamby said.

Located 30 minutes from Brisbane’s CBD, Brookwater is a premier golf residential community built around the Greg Norman-designed golf course and is part of Greater Springfield. For more information, visit www.brookwater.com.au or www.greaterspringfield.com.au

*Rental yield estimation is based on a weekly rent income of $520 and $9,000 per annum contribution from Springfield Land Corporation (gross total = $36,040pa). The rental boost is limited to the terrace home and land packages, which are priced from $520,000.

For more information, or to obtain an investor pack, please contact:
Brookwater Sales Information & Office
3 Birchwood Crescent, Brookwater Q 4300
P: 07 3814 5177 or Freecall 1800 888 450
E: info@brookwater.com.au

Media enquiries contact:
Louise McGill I BBS Communications Group
P: 07 3221 6711 or M: 0432 252 878
E: lmcgill@bbscommunications.com.au

A Greater Springfield Community