This stunning duplex is located in a quiet residential neighbourhood in Burpengary.

12 Lycian Street sits in a great estate on a quiet street and is surrounded by quality homes.  This large 5 bedroom, 3 bathroom property is close to the Burpengary town centre, shops, schools, parks and public transport.  The existing tenants love the property and comment on how peaceful and quiet the area is to live.

It is rare to find a duplex with two large fenced backyards, with heaps of room for kids and pets to play in a safe protected environment.  The property is surrounded by bushland yet close to everything and easy access to the M1 and local train station.

The first property features 3 bedrooms, 2 bathrooms, large kitchen, large open plan living, single lock up garage and huge fully fenced backyard.  The second property features 2 bedrooms, 1 bathroom, modern kitchen, open plan living, large fully fenced back yard and single lock up garage.

Each property has a very modern kitchen with stone benches, oven, cooktops, rangehoods, dishwasher.  All kitchen appliances are stainless steel and in very good condition. Off the kitchen in both properties you have open plan living and dining areas with lots of natural light. 

Both properties have private covered back patio areas and they have fully fenced large backyards.

Key Property Features include-

- Large fenced blocks
- Close to essential amenities
- Good size bedrooms with built in wardrobes
- Open plan living areas
- Modern bathrooms with shower and bathtub
- Great size kitchens with stone bench tops and stainless steel appliances
- Colourbond roof
- Excellent rental yield (over 5.5%)

This is the perfect place for a smart investor looking for a high quality duplex in excellent condition with unique large yard space.  The property is also well suited to an extended family wanting to all be together but have separate living zones.  

Both properties are currently tenanted with great long term tenants - Unit 1 currently returning $315 per week and unit 2 returning $275 per week.  It is very rare to find such a high quality duplex with excellent rental yield over 5.5%.

Don't miss this opportunity!  Call Kyle today on 0409 022 755 to arrange your inspection.

Floor Plan

Kyle Tether     0409 022 755     Registration No: 4198978

Kyle and the Affinity Team have many years experience in all aspects of residential sales

Houses, units, townhouses, apartments, retirement living & more …

CLICK HERE to book your inspection

H 1482 Anzac Avenue Kallangur| P PO 565 Kallangur Q 4503 | www.affinityproperty.net.au   

Affinity History

With a passion for property & a strong will to help others, directors Sean McCreanor and Ken Smith set out in 2005 to establish a company that assisted low income earners and retirees to obtain affordable housing. 

Over the past 16 years, Affinity Property has developed, managed and sold more than 50 large residential sites, complexes and communities in Queensland, NSW and Victoria at combined value exceeding $500 million.

In this time we've also helped thousands of clients buy, sell, manage and develop a diverse range of residential and retirement properties across South East Queensland (SEQ).

Affinity is now a well-established and respected diversified property group.  Our vision is simple - Deliver property solutions that are in the best interests of our clients.  We don't focus on 'winning the transaction'.  We see our role is helping people as a Professional Property Advisor.

The Affinity Difference

At Affinity, we recognise the role of a real estate agent has fundamentally changed.  Nowadays, people want to speak with an Expert Property Advisor. 

We pride ourselves on our service delivery – our clients believe this is what sets us apart from other agencies.  

A key part of this difference is the range of value-added services we provide to our clients in addition to our traditional sales and property management services. 

Affinity Property has a highly experienced team and long-established expert partners, who assist clients with all their property needs.  This includes:

• buying;
• selling;
• leasing;
• affordable housing;
• marketing;
• property finance;
• contract negotiation, conveyancing and legal services;
• due diligence;
• insurance;
• maintenance;
• assistance with accounting, quantity surveying and tax services;
• bill payments;
• auctions;
• property development;
• retirement living;
• body corporate management;
• property investment services;
• renovation information and services;
• styling and staging properties for sale and rent; and
• property planning in your transition to retirement.

BURPENGARY KEY STATISTICS

• Change in Median Price (5yrs) is 15.8%
• Annual Change in Median Price (10yrs) is 1.2%
• Median Asking Rent for BURPENGARY is $400 per week
• Median Days on Market is 33 days
• Population: 14k
• 11 Years average length of ownership
• 27% renters
• 73% owner occupiers

The size of Burpengary is approximately 22.5 square kilometres. It has 39 parks covering nearly 7.9% of totalarea. The population of Burpengary in 2011 was 12,963 people. By 2016 the population was 14,021 showing apopulation growth of 8.2% in the area during that time. The predominant age group in Burpengary is 10-19years. Households in Burpengary are primarily couples with children and are likely to be repaying $1800 -$2399 per month on mortgage repayments. In general, people in Burpengary work in a trades occupation. In2011, 74.4% of the homes in Burpengary were owner-occupied compared with 70.6% in 2016. Currently themedian sales price of houses in the area is $453,500.

HISTORY

The name is derived from the Aboriginal word burpengar, meaning the "place of the green wattle".  When Europeans settled in Burpengary in the 1870s, the industry was mainly timber-cutting.

The town of Burpengary was initially founded as a large truckstop due to its strategic location on the North Coast Road (now the Bruce Highway) from Brisbane to the North Coast (now the Sunshine Coast). Burpengary is still home to a functional truck weigh-bridge.

Burpengary is also home to the Caboolture Regional Aquatic Centre which houses a 50m Olympic pool, a 25m warm up pool, aqua aerobics, tennis, beach volleyball, gymnasium, cafe, barbecues, landscaped settings and enclosed children's play areas.  The Moreton Bay Regional Council also operates a public library near the town centre.

MORETON BAY REGION SET FOR MASSIVE GROWTH IN THE NEXT 10 YEARS!

The Moreton Bay Region is one of the fastest growing urban areas in Australia with residential land sales outpacing the rest of South-East Queensland.  The region boasts beautiful waterways, national parks, thriving towns and communities and great amenities for residents.  Moreton Bay Regional Council has delivered record investment in community and transport infrastructure over the past six years and the region is home to more than 460,000 residents.

REASONS WHY PROPERTY PRICES WILL RISE IN THE REGION OVER THE NEXT 10 YEARS

Population Growth

Currently home to more than 460,000 people, the region’s population is set to grow to approximately 690,000 by 2041. That means an additional 240,000 residents over the next 25 years.

Large Infrastructure Projects   

The region is home to some of Australia’s largest infrastructure projects, including:

Petrie University Precinct  With the first enrolments commencing studies in 2020, the former Petrie paper mill site and surrounding suburbs have been declared a priority development area by the Queensland Government.  The new university is expected to have 10,000 university student placements, 6,000 ongoing jobs and $950 million in economic benefit through the creation of a major new University.  For more information visit USC Moreton Bay

Caboolture West (30,000 new dwellings/80,000 people)  This master planned area covers approximately 6,500 hectares of land immediately west of Caboolture and Morayfield. The area is bound to the north by the D'Aguilar Highway and Caboolture River Road to the south.  In creating a prosperous community, focus has been placed on housing choice for all budgets, value for money / investment, access to travel choices and a sense of place.  The area will include up to seven new suburbs, three high schools, nine primary schools and new commercial and industrial areas. The net benefit to the community from the development is expected to exceed $10 billion.

Redcliffe Seaside Village Rejuvenation   The award winning refurbishment of the Redcliffe Seaside Village has delivered an exciting and vibrant lifestyle precinct that continues to generate significant economic benefits for the region.

Significantly Improved Transport Infrastructure   

The recently completed Moreton Bay Rail Link Project ($1.1 billion, over 3,000 jobs) saw a 12.6km dual-track rail line constructed between Petrie and Kippa-Ring servicing six new train stations at Kallangur, Murrumba Downs, Mango Hill, Mango Hill East, Rothwell and Kippa-Ring.  The new rail link and upcoming university are already driving significant property investment in the region.

Improved Public Amenities  

Significant expansion and growth of shopping centres, services, parks, and schools, has been led by Westfield’s massive investment in the expansion of North Lakes Shopping Precinct.  The addition of international retailers Ikea and Costco and potentially Amazon have added world class retail outlets to the region’s fast-growing community.

Growing industry diversification

More than 43,000 jobs were created in the Moreton Bay region since 2015, thanks to a combination of infrastructure projects and community initiatives.  The local economy has increased by more than 50% in the last decade and is set to continue its strong growth trajectory.

Would you like to Make a Contract Offer?

Making a contract offer is quick and easy.  You only need $1,000 initial deposit to commence the contract process.  To submit your contract offer, please complete and submit the digital Contract Offer Form below.  Alternatively, you can download a copy of the Contract Offer Form and submit this to our sales agent.

 

LETTER OF CONTRACT OFFER

I/We hereby request a contract be issued to purchase:

PROPERTY DETAILS

Street*

Suburb*

State*

Postcode

Offer Price*

 

BUYER DETAILS

Buyer/s - Full Name/s*

Phone*

Home Phone

Email*

Mailing Street*

Mailing Suburb*

Mailing State*

Mailing Postcode*

 

SOLICITOR & CONTRACT DETAILS

Solicitor

Finance (we recommend 21 days)

Building & Pest Inspection (we recommend 7 days)

Settlement

 

Affinity Property Australia Pty Ltd | PO Box 565 Kallangur QLD 4503 | sales@affinityproperty.net.au | (07) 3293 9100

 

QLD Real Estate Licence 3922 224 | ABN: 82 603 030 020

Please verify your request*

 

 

Submit Letter of Contract Offer

 

 

Purchasing residential real estate can be a very exciting process. However, it can also be a confusing process for the prospective buyer. You may already be aware, different agencies usually have different sets of rules and standards, so we would like to inform you of the buying process through our company.

Property owners receive all types of interest – some genuine, some not. Some people submit offers to test the possibility of a sale but do not actually stay true with their offer. This can lead to frustration and concern for the owners as they try and assess who is actually a genuine buyer.

If you wish to purchase one of our properties being offered for private sale or place an offer prior to auction or during an expressions of interest campaign, you should follow the steps outlined below. This will enable you to put forward your strongest purchasing proposition to the agent which in turn will give you the very best opportunity to secure the property.

Please note that we take the selling process very seriously. Any offers communicated by letter, fax or email are considered nothing more than indications of interest. All offers must be signed up on a Contract of Sale that is prepared and presented to the vendor.  An initial deposit of $1,000 also needs to be paid when the contract offer is submitted.  If the vendor accepts the offer, a further deposit for 5% of the purchase price (less the initial $1,000 deposit) will need to be paid when the contract becomes unconditional.

STEP 1 – SAVING TOWARDS BUYING YOUR HOME

Boost your confidence and your home loan know-how with the following eight tips:

1. Plan your budget.  This will help you understand how much you can afford on repayments and other costs.  It needs to be a long term workable budget that also has a little bit of room for fun or you’ll never stick to it. 
2. Know your limitations.  Once you have worked through a budget then this should be easy.  Don’t buy what you cannot afford.  Your first home doesn’t need to be your dream home.  Knowing how much you can spend will give you comfort when you are chatting with real estate agents and other professionals. 
3. Deposit, deposit, deposit.  Save the biggest deposit that you can put together.  Firstly, it shows a lender that you can save and not waste money but it can also save you a lot of money in fees from the bank. 
4. Consumer debt/excess debt.  Try and minimise your credit cards and personal loans before you buy your home.  That being said it’s not always possible to do.  It’s then important to look at whether it’s better to pay off your loans first or what your next steps can and should be.
5. Are you entitled?  Make sure you receive all that you can from the government in regards to any incentives.  Make sure you are fully informed and know what is available to you.

STEP 2 – COMPLETE LETTER OF CONTRACT OFFER INCLUDING YOUR FULL DETAILS

If you decide to make an offer, we will ask you to complete a Letter of Contract Offer or go straight to a written contract of sale.  These documents include the following details that will be presented to the vendor:

1. Actual purchase price you will pay for the property
2. Confirmation that you’ve paid the initial deposit of $1,000
3. Settlement period you require or that the vendor has stipulated
4. Name of your chosen solicitor or conveyancer
5. Name of your bank or financial lending institution
6. Any special conditions or requests you may have so that we can inform the vendor.
    

STEP 3 - CONFIRM THE TIMEFRAME AVAILABLE TO CARRY OUT ANY INVESTIGATIONS

Find out if the property has a deadline on it, such as auction or other offers from interested parties.

STEP 4 – DECIDE IF YOU ARE GOING TO OBTAIN BUILDING & PEST INSPECTION

Before you purchase any property, you may feel the need to arrange a Building & Pest Report from a qualified inspector. Please note that this report is a complete list of defects of the property, and it can be very different from the feature brochure that you receive from a real estate agent! In some instances people are shocked with the report they receive on the property, and most times misinterpret the report.

We have spoken to many reputable building & pest inspectors to learn more about the process.  What we discovered is there is quite a bit of concern over the inspection process, particularly from sellers who feel that finding a problem could be a deal breaker in the sale of their home.  But contrary to this, many building & pest inspectors have told us there is absolutely no need to panic, as everything is fixable.  Knowing about any issues allows both the buyer and the seller to take control and have them fixed.

We recommend all buyers should arrange a building & pest inspection, to ensure you have full disclosure about the property you are buying.  As they say, 'forewarned is forearmed'.

STEP 5 – NOTIFY YOUR LENDING INSTITUTION OF YOUR PURCHASE ADDRESS & DETAILS

A pre-approval of finance from your bank or lending institution needs to be in place before safely proceeding with your property purchase, however many banks will approve you in principle (pre-approval) yet may require a valuation. This is normal practice of lending institutions, and serves as confirmation of the agreed sale price.

With an auction property, it is highly unlikely that an offer ‘subject to finance’ will be considered as the standard marketing campaign is quite short and the vendor cannot be expected to halt their advertising and open for inspections whilst waiting for the offer to become unconditional.

How to speed up your home loan approval

One of the key questions finance brokers get asked when explaining the loan application process is how long will this take?  When will I know?  How quickly can I ……………Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do to help hurry your application along.

Although very rare, same-day loan approvals are possible.  This will depend on the lender’s criteria, the complexity of the deal and turnaround time. It can be possible if all the information is to hand and if the lending position is fairly straightforward (this means in terms of employment, asset and liability position).  Also, if a valuation wasn’t required due to a low LVR and both parties were happy with the contract price then this also speeds things up.  But in short this is not the norm.

Be prepared - If you’re not prepared, it could take 6 – 8 weeks. The most common reason for a delay is a lender’s turnaround time to assessment, especially when some lenders have competitive offerings and experience larger application volumes, but a lack of preparation can cause this delay to snowball. Expert brokers will always highlight the information required at your very first meeting so that you know what you will need to make the process smoother and that bit quicker. 

Disclose all information To avoid back and forth requests, which slows your application, ensure your lender has all the supporting and necessary documents upfront and convey as much detail as possible in relation to your requirements and objectives and have good, current information on your financial position. Your finance broker will need to not only have your full financial details but will also need to take reasonable steps to verify it.

Skip the valuation queue - Not all applications require a valuation, depending on the property and lending institution, and forgoing this step can save a considerable amount of time. You can also save time by having a valuation completed prior to your application, as long as it’s accepted by your chosen lender – but check with your broker first.

STEP 6 – MEET WITH THE AGENT AND PROVIDE ALL DETAILS FOR SIGN OFF WITH THE VENDOR

Once agreement on price, settlement, conditions, etc has been reached and the vendor has signed the Contract of Sale, the agent will make arrangements to provide you with one of these signed contracts. Only when an exchange of contracts has been completed can the sale proceed and the property is removed from the market.

BUYING AT AUCTION

If you are intending to buy at public auction, all the above-mentioned must be in place. Auction day is final. If you turn up and bid and you are the highest bidder past the reserve, on-the-market price, you are the instant owner awaiting settlement of the property. There is no cooling-off period three business days either side of the advertised auction date.

EXPRESSIONS OF INTEREST SALE

“Expressions of Interest Sale” is a very structured and tailored 4 - 6 week process with a nominated date as to when all offers are submitted to the Vendor. Properties can be sold prior to the Closing Date but the offer and terms would need to be at a level that would motivate the Vendor to sell prior.

If the property is to be sold prior buyers will be contacted and given a 24 hour window to also make an offer but all offers are kept private and confidential.

When all offers are in each buyer will be informed as to how many offers have been submitted (no price disclosed) and given one final opportunity to further improve their offer before the Vendor accepts.

If all offers are being presented at the closing date each buyer once again will be given an opportunity to increase their offer. This process is called a 3 phase negotiation.

SUMMARY

Preparation is the key. Understand the steps of sale and have everything in place is imperative to reaching your property goals. Whether you are considering purchasing this property or another in the near future and require advice, feel free to contact us with any questions you may have. 

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