Property Twins Buyers Agents Client Deal Settled Recently! 🎉🏆🏠
Purchase Price: $430,500
Rent: $450 per week
Rental Yield: 5.4%
Vacancy Rate: 1.4%
Cash flow: Positive!
(Even though they are effectively borrowing 100% (debt recycled cash savings against their home to make the entire investment loan tax deductible))
Block Size: 684sqm
Zoning: Medium density / townhouse site OR clients can put a granny flat or a 2nd dwelling at the back — block across has 2 x dwellings
Location: 23km from the Brisbane CBD
Proximity to train within 15 minutes, 2.5km from the shopping centre and lots more happening in the area!
Little work required – vendors fixed some of the issues that came up in building & pest
In a “normal” market, this would sell for $450,000 (have seen other sales with properties requiring a lot more work AND no development zoning sell for the same price!)
Our clients came to us as first home buyers effectively 2 years ago now. They did their home purchase late 2018 when it felt as if the markets had stalled…
They have a clear vision to build a property portfolio. They saved up the deposit and we tax effectively helped them with setting up the finance….
Added bonus: the vendors are renting back until they find another home to purchase
Won’t be surprised, these guys will be doing another purchase in the next 6-12 months!
If you’d like to purchase an investment property and avoid major mistakes investors make, leverage the experience of the Property Twins Team by scheduling a time here
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