Brisbane Buy: Up to $600,000
Lovely Sydney-based woman starting her property investment journey, wanting to secure a rentable home that she can develop in the coming 3 to 5 years.
This is an ambitious start for a property investor, targeting a development site for a first purchase. It is a smart approach as sub-divisible properties will almost always appreciate more over time. The budget we had to work with was $600,000 which is tight for a property of this type within 13km of Brisbane’s CBD.
Median Unit Price(2018) = $598,000
Historical Growth Rate = 7.12%p.a.
Vacancy Rate = 1.28%
Distance to CBD = 12 km