Brisbane High-set four bedroom home

Brisbane Buy: Up to $600,000

Client
Young couple already owned two properties in Sydney and wanted to diversify into a second market.

Buying Brief
We targeted a few suburbs in Brisbane’s northern corridor that would boast good short-term and long-term capital growth, meanwhile generating a reasonable rental return.

The Numbers

Chermside West
Median House Price = $565,000
Historical Growth Rate = 6.79%
Vacancy Rate = 1.96%
Distance to CBD = 11 km

The stats

Property Type: Four bedroom, one bathroom high-set home

Purchase price: $540,000

Purchase date: 2016-07-01

Comparatives: $540,000

Land size: 604 sqm

Rental yield: 4.8%

The Result

New owners made some minor renovations (updated bathroom, repaint and new carpets) to then rent it out at $510 per week.

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