Investment
Boddington presents an amazing opportunity for investment in housing. Not only at the moment does it present a cash neutral position but puts you on the ground floor for capital gain.
Population Growth
Boddington Gold Mine will employ in excess of 650 people. This will require around another 400 people to support those workers around the town. Over the next 5 years, it is expected another 500 houses will be required doubling the population.
Rental Prospects
There is an extremely strong demand for rental properties: there is nothing available to rent. The feedback is the majority of mine workers are looking towards renting in Boddington rather than purchasing.
Investing in Banksia Estate
WA Country Builders can provide a 4 bedroom, 2 bathroom Boddington rental home fully completed with floor coverings, window treatments, light fittings and internal painting for as little as $360,000. Weekly rents are expected to be in the $430 to $470 range. Because WA Country Builders are developing land and building houses, this has allowed us to bring you a package price below the surrounding market.
An example of how the rent can cover your interest payments
| House and land cost | $360,000 |
| Interest rate | 5.21% |
| Weekly interest only payment | $360.69 |
| Weekly rental income | $450.00 |
| Surplus income after payment | $89.31 per week |
This is based on the understanding the investor would have other property equity supporting 100% lend and based on interest only repayments. Obviously the calculations will vary depending on lender and the type of financial product selected.
Capital Growth
Investing early will give you a wonderful opportunity of gaining the best possible capital growth. We envisage demand will drive up prices. This coupled with the advantage of Banksia Estate’s exceptional pricing make investing in Boddington one of the best propositions around today.
