- Purchase price: $470,000
- Equity day one: $40,000
- Gross Rental Yield: 5.31%
This property was secured off market for $470,000. The vendor’s price expectation off market was $485,000 and we were able to negotiate this down to the purchase price of $470,000.
This property is a 4 bedroom, 1 bathroom, 1 garage property situated on a 550m2 block and built in 1994. Comparable properties selling for around $510,000, making approximately $40,000 equity in day 1. Weekly rental appraisal at $480 per week making this a 5.31% gross rental yield.
- Vacancy rate at time of purchase 0.9%
- Rental income growth in the last 12 months: 20.4%
- Capital growth in the last 12 months 16.38%
- Large 550m2 block
- SEQ purchase
- Taylored Market knowledge
- Solid Strategy
- Taylored Strong Negotiations
- Taylored structured system to determine value
