Investing in Sanctuary on Flinders complex.
The current rental market is robust and steady population growth, leading to a high demand for rental properties and competitive rental yields.
The top three employment industries in Townsville are Hospitals, Defense and Education. The Defense force in Townsville accounts for approximately 8% of Townsville’s population. Providing a steady supply of people coming into Townsville city for employment and needing long-term accommodation.
Approximately 18% of occupants at Sanctuary on Flinders are owner-occupiers.
Protecting Your Investment
The complex is a strata development managed by the body corporate, its committee members and the on-site manager with the support of Body Corporate service QLD.
The body corporate committee consists of 7 lot owners.
Sanctuary of Flinders management and the body corporate work in partnership to ensure your property is managed with a focus on protecting and maintaining its value. Ensure maintenance issues are addressed expeditiously, and your property is managed according to regulations and by-laws. When you invest in a property at Sanctuary on Flinders, you also invest in the onsite managers to ensure the complex is well taken care of.
The onsite managers should manage your unit; they are fully licenced property managers, and the combined management of the units and complex forms part of their commitment to the investment.
The new on-site managers use the latest technology to offer a full suite of real estate services in sales and property management.
Owning an investment unit in a strata complex has the following expenses:
Administration Fund: used to pay for all the Strata Scheme's 'day-to-day' and 'regular' (non-capital) operating expenses. This fee also includes the insurance for the building.
Sinking Funds: Pays for expected (long term) and unexpected replacement and repairs of a 'capital' nature.
Two-bedrooms at $7300 per annum combined. This includes building insurance, a Sinking Fund and the administration fee.
Three-bedrooms at $8300 per annum combined. This includes building insurance, a Sinking Fund and the administration fee.
Council Rates: which is approximately $1600.00 twice a year.
Other costs: Landlord insurance