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 628sqm block. It’s located around 40 minutes’ drive from Brisbane CBD. The market rent is $620 per week.
The property was secured in a multi-offer situation with us working closely with the selling agent to keep finger on the pulse on the offers and how our client can be at the front of the queue in a market with low stock and high competition!
The property was purchased for $707,000. Similar properties in next door suburbs on similar block sizes are selling for $1mill plus! They will benefit from the ripple effect from buyers being priced out in the next-door areas!
✅ $707,000 purchase price
✅ 4.56% rental yield
✅ 0.7% vacancy rate
✅ 628sqm block
✅ 44km to the CBD
✅ Strategy: Capital Growth
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