[Deal] 2 x Rental Incomes In High Growth Suburb | Property Twins™
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In: Property Investors0

Client Background: Las worked as a consultant in projects and was a first-time property investor in her 20’s.

Where she was: Las had been researching property for several months unable to decide what made a good property deal. There was a confusion if she should buy a unit or should she buy a house? What are the fundamentals to look for?

What was important to her: Las wanted a balance of capital growth and cashflow. She was going to hold the property over the long term. The property purchased was in a high growth corridor with significant development and upcoming capital growth.

 

Here is what she purchased as part of the Property Investors Academy

Property Type: 3 bed houses with council approved granny flat (2 bedrooms) on 700sqm+ block
Purchase Price: $815,000
Rent: $670 per week
Rental Yield: 4.27%
Vacancy Rate (Current): 0.9%
Cashflow: Neutral

Current Value: $960,000
Capital Growth: $145,000 in 10 months

Metro / Regional: Metro – 48.3 km / 52 minutes’ drive from the CBD
Renovation Required: No immediate renovations required

 

 

 

 


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