A new boutique community nestled among wide open spaces, calming creeks and panoramic mountain views, Narangba, QLD is ALC’s latest project.
The current national housing market is becoming increasingly more difficult to secure house and land packages, with demand for new housing at an all time high due to first home owner grants. This, coupled with interstate migration drying up land supply, has led to an increase in construction costs and material shortages.
Partnering with long-time affiliates Satterley Property Group, who we’ve worked with since 2016, ALC were able to secure and release individually titled, terrace style products, which were aimed at addressing affordability of new property in Moreton Bay. Priced at a competitive $449,000 in an area where conventional house and land are selling for over $500,000, these properties were purchased in less than 5 days upon release.
Moreton Bay – A Rising Star
Positioned in an enviable location, between bustling Brisbane City and idyllic Sunshine Coast, the Moreton Bay region is the perfect centre point between coastal, mountain and cityscapes. This, coupled with affordable living options, it’s no wonder the Moreton Bay Region has become a rising star for property investors. These properties are forecast to achieve high rental yields of 4.9%.
Ridgeview Estate – A Snapshot
ALC had available four, low set properties, each set independent of its neighbour.
Each property offers high specification inclusions, which not only offers ultimate value to the end user, but creates an inviting, ready-to-rent property for prospective tenants, reducing vacancy time once the project is completed. These properties boast:
- 3 Bedrooms
- 2 Bathrooms
- Fully equipped kitchen with walk-in pantry
- Internal courtyard and alfresco dining area
- Separate study nook
- High-quality stone benchtops throughout the kitchen, main bathroom and ensuite
- 900mm stainless steel appliances
- Single secure garage
- High ceilings throughout
Alongside these specific features, ALC always guarantees a full, turn-key standard that features:
- Full landscaping throughout
- Completed driveway
- Ready to use clothesline
- Even the numbers on the letterbox!
ALC Shield
As with all our properties, our Ridgeview Estate properties came with the option to include ALC Shield, our post-settlement package which provides exceptional and ongoing value to your client, allowing them to better protect their investment into the future. ALC Shield includes:
- Guaranteed first tenant guarantee – peace of mind that your client’s investment property will be leased sooner with our guaranteed first tenant introduction.
- Front lawn and garden care – ALC Shield ensures your client’s property is maintained in the best way possible with regular lawn care services free of charge for the first year.
- Landlord protection Insurance – Landlord insurance is essential to protecting a homeowner when things go wrong, so we’ve included a year of free coverage with every home purchased.
- Tax depreciation schedule – We’re committed to removing the complexity of investment home delivery, which is why we include tax depreciation schedules with all our investments.
- Independent building inspection – We provide a free independent building inspection from a third party inspection group to ensure every home meets building code requirements.
- Quality Control – All ALC investment homes are quality controlled with internal and external audits to ensure that everything works as planned.
To find out more about our next project, ALC Shield, or how we can partner with you to deliver the best investment properties for your clients, get in touch with one of our team here.
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