- Purchase price: $495,000
- Equity day one: $35,500
- Gross Rental Yield: 5.25%
This property was secured off market for $495,000. This is a 4 bedroom, 2 bathroom, 2 garage property built in 2005. The property is on a large 700m2 block. Comparable properties selling between $500,000 and $530,000. Weekly rental income is $500 per making this a 5.25% gross rental yield.
- Vacancy rate at time of purchase: 1.2%
- Rental income growth in the last 12 months: 17.1%
- Capital growth in the last 12 months: 33.2%
- Large 700m2 block
- SEQ purchase
- Taylored Market knowledge
- Solid Strategy
- Taylored Strong Negotiations
- Taylored structured system to determine value
