Buying an investment property is one of the biggest decisions you will ever make in your life
There are many things to consider, from the price, floor plan, and location, to the type of home. Investing in Elliot Springs masterplanned community will give you a premium location, proximity to commercial corridor, exceptional community amenity, promising property values with historically low rental vacancy rates.
Townsville’s southern corridor is growing with the property market and is showing positive growth and returns for capital investments held over 10 years. There is over $11.2B** worth of project developments planned for the Townsville region, with a large focus on infrastructure, commercial and industrial projects. Elliot Springs’ offers an affordable entry into the property market, with lower vacancy rates and rental yield on par with the Townsville LGA. Now is the time to act, and secure both strong rental returns and capital growth as the project matures.
Reach out to Meryl at the Sales and Information Centre to learn more about investment opportunities at Elliot Springs.
* All figures quote from PRD Research Report, Townsville 2022
** Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value
Disclaimer: Lendlease endeavours to ensure all information contained in this advert is correct based on information available to Lendlease at the time of insertion, however the accuracy of the information cannot be guaranteed. You should seek independent advice with respect to the development and Julago as a location for investment. Changes in circumstances after the time of publication may impact the accuracy of this advert. The projections stated may not reflect an investor’s individual experience. Prepared by Lendlease Communities (Townsville) Pty Limited as at January 2022.
More than just a residential address
Elliot Springs is located in the suburb of Julago in Townsville’s southern corridor, with a population forecast of 20,615 by year 2050.
As a property investor, understanding rental yield can help you assess a locations value. Julago recorded a staggering 5.8% house rental yield in December 2021, outperforming Brisbane Metro’s yield of 3.4% for the same period. Combined with the area’s record low vacancy rates of 0.4%, investors could achieve a higher rental return in Julago whilst seeing shorter rental vacancy times.
Read on to learn more about Julago, and why now is a great time to invest!
*All figured quote from PRD Research Report, Townsville 2022