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29 Abbotsleigh Street, Thornlands

Dear Thea,

Please see the property presentation for you, this is a dual occupancy property in a blue chip location returning over 6% yield. We feel this property is best suited for you as you are buying in a already gentrified market in a property which is positively geared. At the bottom of this presentation you will see a video talkthrough of the presentation should you not be sure about anything

It’s with great pleasure to present

Your Focus Market
and property

DISCOVER OUR METHODS

HOW DO WE select OUR MARKETS?

In proud partnership with Australia's top property economists, we formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent in August 2016 for his invention of the Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.

Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.

Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.

your Hot market

Redland CITY

Redland City, better known as the Redlands and formerly known as Redland Shire, is a local government area and a part of the Brisbane metropolitan area in South East Queensland. With a population of 156,863 in June 2018, the City is spread along the southern coast of Moreton Bay, covering 537.2 square kilometres (207.4 sq mi). Its mainland borders the City of Brisbane to the west and north-west, and Logan City to the south-west and south, while its islands are situated north of the City of Gold Coast.

Redland attained city status on 15 March 2008, having been a shire since 1949, when it was created by the merger of the former Tingalpa and Cleveland Shires.[2] Despite this status, the City consists of largely suburban and coastal communities, featuring a somewhat disjointed urbanisation around major suburbs interspersed with bushland; there is no clear city centre.

Large mainland suburbs include Capalaba, Cleveland, Victoria Point, and Redland Bay. The latter is the City’s namesake, due to the colour of its fertile soil.[3] North Stradbroke Island and smaller nearby islands, most notably those of Southern Moreton Bay, comprise the eastern portion of the Redlands.

Thornlands 4164

Market Conditions

14.6% median value growth in 1 year

The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. 

Decrease of -25.4% over the year DOM displays an increase in buyers sentiment

The fall in days on market (DOM) shows that market conditions are heating up which will result in market growth as demand increases.

-2.86% vendor discounting shows us an understanding of the market's performance

As properties begin to grow in value, vendors are realising the interest in the market and discounting less.

The current rental yield in the market is 4.48%

As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.

The number of new listings has increased by 1.9% in the last year.

The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.

Stock on market has increased by 5.0% over the last year

As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.

Redland City Plan

Redland City Plan is an important document that guides growth, land use and development in the city.

Council is committed to ensuring Redland City Plan remains consistent and relevant in response to changing legislation and community needs.

Redland City Plan Amendments

Maintaining the currency and relevance of Redland City Plan is achieved through an ongoing program of feedback, review and amendments as regulated by the Planning Act 2016.

Click on the button below to see the list of amendments to City Plan that are currently being drafted, amendments that are open for public comment, amendments that are being finalised and amendments that have been adopted and have commenced.

Economically supporting projects

Weinam Creek PDA Redevelopment

Key features of the redevelopment include:
• Increased parking
• Less traffic congestion
• Rejuvenated parks and pathways
• Activated foreshore with family friendly areas
• New boating facilities
• Restaurant, grocery, retail and medical precinct
• More employment opportunities
• Water play area

Capalaba Town Centre Revitalisation Project

This landmark renewal project is set to activate components of the Capalaba Masterplan 2010, benefiting and meeting the needs of the Capalaba and Redlands Coast community.

RIC in partnership with the Redland City Council Is planning to deliver an exciting, innovative and landmark development to support the revitalisation of Capalaba.

Toondah Harbour Priority Development Area

The Toondah Harbour project is now moving into the formal environmental assessment phase. A community engagement program will be rolled out by partnering developer Walker Group and will include community newsletters, listening posts, shop displays, feedback hotline and website updates.

521 Old Cleveland Road East in Birkdale

RICs development application for townhouse project Edge 521 is now approved. The planned boutique project will consist of 13 high-quality, two-storey townhouses set across 3,559sq m, and backing onto 16,650sq m of conservation area.

The development will comprise of five, four-bedroom and eight, three-bedroom townhouses, each with double lock-up garages and featuring sleek, modern lines and elegant architectural points.

Doig Street, Cleveland

Plans for the mixed-used development comprise of aged care accommodation, commercial, retail and community facilities.

The proposed development is expected to provide five levels of aged care accommodation for the Redlands ageing population, as well as 186 basement and ground-level car parks, 2,933sq m ground floor retail, medical and lifestyle amenities.

The development aims to meet the needs of the local community and is also expected to provide employment for around 110 aged care professionals and 50 retail staff.

Wellington Street / Panorama Drive Road Upgrade Program

The Wellington Street / Panorama Drive road upgrade program is a road duplication project servicing a key Council controlled north-south arterial link in the centre north of Redland City.

This will bring numerous benefits including improved journey to work times, decreased peak hour congestion, and increased vehicle, cyclist and pedestrian safety.

The project is also expected to create nearly 70 jobs Redlands Coast residents and another 70 for other Queenslanders.

Cleveland Aquatic Centre Update

The Cleveland Aquatic Centre began re-opening to the public from 14 October 2020 with the 25-metre outdoor pool, indoor pool and children's play pool open for use while work continued on the centre's 50-metre pool.

Work has continued on the 50-metre pool surrounds with further painting, jointing and tiling repairs while Council and the community waited on the delivery of four 50-metre pool filters.

our suggested Property

29 Abbotsleigh Street, Thornlands, Qld 4164

Property details

4

3

1

Asking Price

Target Price

Current Rent

Potential Yield

offers over $550,000

$550,000

$670 p/w

6.33% Gross

Where is this Property

Why is this a good option?

What should i know about this property?

Are there easements on the property?

No, there are no easements.

Easements are areas which need to be accessible by council or other similar authority figures. An easement could be related to sewage piping, gas lines or electrical works.

does the property fall in flood lines?

No, the property is not in flood lines.

Flood zones are caused by obvious causes. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments warrant higher insurance costs. 

Is the property correclty zoned?

Land Use 1: Single Unit Dwelling Zoning: URBAN RESIDENTIAL

Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.

Are there any caveats on the property?

There are no found caveats on the property.

A caveat is a ruling or law attached to the property, usually with a contract attached to it. If this is the case, the caveat needs to be understood as to what it is, who it benefits and when or if it expires. 

Are we satisfied with the property's title?

Yes, initial legal searches are disconcerting.

The initial property title search shows a number of legal details, namely the lender, registered owner, administrative advice and more.

Are all council costs paid to date?

There are no records of outstanding council cost.

Outstanding council costs can come form CDC or DA work that has been put in action on the property. It could also come from maintenance charges and similar services.

Is the property in adequate condition?

Yes, the listing agent feels the photos represent and display failry.

In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.  

What are the council rates for the property?

Approximately $3200 per year.

Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.

What are the landlord insurance cost?

Approximately $1200 per year

Landlord insurance is an compulsory free for the possession of a tenanted investment property. 

how many days has this property been on market?

This property has been listed for sale on the 8th of July 2021

There are 3 types of listing stages:

  1. On-market, this is found on major portals
  2. Off-market, this is for sale, but with the listing agent only
  3. Pre-market, this has been presented to us outside of the public

None of these types of listing types define the quality of the property.

When was the property Built?

Year of build: 1985

The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depresiationg asset and can be reflective in the age of the property. 

When are the lease renewal dates?

No information at the moment.

Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will on be possible at the time the tenants lease period has come to an end. 

Wheat are the lease rates associated?

$670 p/w

Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant. 

What to expect

THE BREAKDOWN

All cost associated to the purchase, management and upkeep of the property are taken into account and shown here, along with the rental returns based on today's conditions. Net results are based on 1 year results and consider all costs including interest only rates but exclude personal tax rates. The data available to us gives us an understanding of how market conditions are affected. We can make assumptions for the property to grow in value for the remaining growth cycle period.

all funds associated

Please make sure to go though all the details and get back to us as soon as possible

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