Investment opportunity for both new and current investors.
Own a piece of modern luxury for as low as $27 per week.*

South Lakes eqc-white-logo-12
Varsity Lakes, Qld

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About South Lakes

South Lakes is an absolute waterfront development of 3 stages, South Lakes One, Two and Three. Comprising a mix use of 2 bed/1 bath, 2 bed/2 bath + study and 3 bed/2.5 bath + study apartments across 7 levels of uninterrupted north facing views on Lake Orr, South Lakes is the last of waterfront developments on Lake Orr and the ONLY north facing lot.

Robina/Varsity has been identified as the key region in Gold Coast Growth to 2050, benefiting from solid infrastructure and prudent planning. There are very few regions that can match Robina/Varsity’s capacity for growth and expansion with a population boom forecast and the 2018 Commonwealth Games, South Lakes is perfectly positioned to cater to the population growth within the vicinity.

Featuring resort style living including:
Lap pool, kids pool, spa, sauna, fitness club, cinema, golf simulator, herb garden, and a games room along with a fully equipped resident’s lounge with outdoor walking trails allowing all residents to enjoy the Gold Coast waterfront living lifestyle.

  • 2.7mtr High, Acoustic treated ceilings
  • Ducted Heating/Cooling ~ Climate control
  • Stone benchtops throughout along with luxury black matt fittings and quality finishes throughout
  • Miele stainless steel appliances including dishwasher and electric induction cooktop
  • Open plan living, tiled througout living areas
  • Quality carpets in bedrooms, all with built-in wardrobes
  • Separate laundry, dryer included
  • Large balconies for year round entertainment bringing the outdoors in
  • Secure key access building entry
  • Secure car parking

Own a property at South Lakes for as low as $27 a week.*

Many people are surprised when they learn just how little an investment property can cost them after they claim their negative gearing and depreciation tax benefits. To explain how claiming these deductions can assist an investor to purchase a property, we have done a case study on a real client.

*This scenario is based on a family of 2 adults & 2 children earning $70,000 & $40,000 respectively.

These clients are currently paying rent of $500 a week.

They contributed a 10% deposit of $45,300 plus initial expenses of $29,377 to purchase a property in South Lakes in Varsity Lakes QLD for $453,000 with a bank loan of $417,909 that has a variable interest rate of 5%.

 Cost expenses include:  Cash expenses include:
  • Stamp duty – $14,280
  • Solicitor’s fees – $2,500
  • Depreciation schedule – $385
  • Transfer & registration fees – $1,251
  • Land, water & body corporate adjustments at settlement – $1,000
  • Lender’s mortgage insurance – $10,207
  • Window coverings – $2,500
  • Building & pest report – $450
  • Valuation fee – $275
  • Lender’s legal fees – $2,419
  • Finance brokerage fee – $4,592

Total initial expenses: $29,377

  • Interest – $20,895
  • Land & water rates – $2,500
  • Insurance – $238
  • Repairs – $500
  • Agents commission – $2,242
  • Body corporate – $3,172
  • Finance monitoring fees – $768

Total cash expenses: $30,315

 Non-cash expenses include:  They have income that includes:
    • Building depreciation $6,000
    • Chattels depreciation $4,000
    • Loan costs – $3,444

Total non-cash expenses: $13,444

These are items that the tax department will allow you in your tax return as a deduction that you don’t have to physically pay on an ongoing bases.

  • Tenant income – $430 per week
    (allowing for a 4 week vacancy rate) $20,640/year
  • Tax benefits (negative gearing) – $159 per week ($8,273/year)

Total cash expenses = $30,315 – total rent $20,640 – negative gearing $8,273 = $1,402

Client’s total contribution required: $27 per week ($1,402/year)

Title tenants in common 99% the higher income earner. Cost may vary over time with change of circumstances, interest rate fluctuation, cpi fluctuation, vacancy rate fluctuation. Lending criteria must be met and individual assessment will be required.

To learn more about how negative gearing can work for you or to learn more about South Lakes,
call us on 1800 263 980, or contact us using the form above.

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The information in this site is general in nature and has been prepared without taking into account your personal objectives, financial situation or needs. You should look at your own personal situation and requirements before making any financial decisions. Equanimity Concepts Pty Ltd trading as EQC Wealth Management (ACN 134 439 704) holds Australian Credit Licence No. 388752. Keith Knights is a Corporate Authorised Representative 296168 of Australian Capital Financial Planning, Australian Financial Services Licence 380552