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$300k
Purchase Price
$320k
Appraised Value
6.0%
Yield
Great neat and tidy low maintenance property on a large block allowing for development down the track .
Rent:$350 per week. Tenant in from day 1.
Walking distance to shops and transport.
Four applications from tenants were received before an open house was even done. Over 30 people inspected the property and the tenant was locked the week before settlement.
Plenty to like about this location with over 1 billion on government and private spending to underpin the local economy.
$380k
Purchase Price
$400k
Appraised Value
5%
Target Yield
Based on our research we estimate this area is going to grow in value 6.6% over the next year.
This location has great population growth (currently averaging 5.5% per year), very compelling public works and spending + it has very little new properties in the pipeline (only 2.5% per year!).
In simple terms - little supply but great demand!