Resort Brokers ID : OTP004017
Architecturally designed townhouses - stage One to commence April 2016.
Two swimming pools, BBQ area and walking trails - pet friendly.
Located close to multi-billion dollar infrastructure projects.
Easy drive to schools, shops, major hospitals and university.
25 year Accommodation Module Agreements.
Body Corporate salary - $1,100 per lot (Inclusive of GST). Total - $176,000 on completion of all stages.
Net Profit - $495,012 projected (upon completion).
No fixed office hours.
Information Memorandum and Projected Income Calculations available on request.
Expressions of Interest close 5pm Friday 18th December 2015
The size of Forest Glen is approximately 7.2 square kilometres. It has 3 parks covering nearly 2.7% of total area. The population of Forest Glen in 2011 was 790 people. By 2016 the population was 1,370 showing a population growth of 73.4% in the area during that time. The predominant age group in Forest Glen is 0-9 years. Households in Forest Glen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forest Glen work in a trades occupation. In 2011, 80.3% of the homes in Forest Glen were owner-occupied compared with 79.7% in 2016.
Forest Glen has 925 properties. Over the last 5 years, Houses in Forest Glen have seen a 49.93% increase in median value, while Units have seen a 77.85% increase. As at 31 October 2024:
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