Tower St Vaucluse, NSW 2030 Apartment
Type of Property: Apartment
Reason of Purchase: Investment Property
Address: Tower St, Vaucluse NSW 2030
The client couple presented as chartered accountants with a hunger to expand a property portfolio. With finance and capital structures approved in guidance from their financial planner, capital growth at a 5% pa benchmark was the prime investment objective. The hold period was for long-term (6+years), and expressly desired capital enhancement by renovation works.
As a point of introduction to Vaucluse, the suburb size is approximately 3 square kilometres. It has 11 parks covering nearly 18% of total area.
The population of Vaucluse in 2006 was 9,121 people. By 2011 the population was 9,042 showing a stable population in the area during that time. The predominant age group in Vaucluse is 0-14 years.
Households in Vaucluse are primarily couples with children and are likely to be repaying over $4,000 per month on mortgage repayments. In general, people in Vaucluse work in a Professional occupation. In 2006, 71.0% of the homes in Vaucluse were owner-occupied compared with 70.8% in 2011.
Source: RP Data, January 2015.