This amazing property was purchased in QLD for Sydney based clients. They were investing interstate for the first time.
It’s a 4 bed, 2 bath and 2 car spaces’ property on a 600sqm block. It’s located around 33 minutes’ drive from Brisbane CBD. The market rent is $560 per week.
The property was purchased with 9 competing offers and the stock at an all-time low! We put our clients at the front of the queue.
Whilst the property required circa $10k-$15k tidy up like carpets and paint the fundamentals checked out on the deal!
Within 5 months of purchase, there has been an annualised growth of 17% and similar properties are selling for high $600’s!
✅ $621,000 purchase price
✅ 4.68% rental yield
✅ 0.8% vacancy rate
✅ 600sqm block
✅ 30.6km to the CBD
✅ Strategy: Capital Growth
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