- Purchase Price: $507,500
- Equity day one: $60,000
- Gross Rental Yield: 5.73%
- Off market purchase
We recently secured this property off market for one of our clients.
$507,500 purchase price with recent 5 bedroom 2 bathroom comparable selling for $572,000.
This property has a long term tenant in place paying $560 a week. That is a gross rental yield of 5.73%! Huge return!
We negotiated this property hard and got the property $12,000 below what our clients were happy to pay!
We then used the Pest and Building to negotiate $4,000 worth of repairs to be completed on the property prior to settlement.
- Off market purchase
- This suburb has seen 32.11% capital growth in the last 12months
- This suburb has seen 26.9% weekly rental income increase in the last 12 months
- Vacancy rate of 0.5%
- Gross rental yield 5.73%
- Large 607m2 piece of land
- SEQ purchase
- Taylored Market knowledge
- Solid Strategy
- Taylored Strong Negotiations
- Taylored structured system to determine value
