Brisbane Buy: Up to $550,000
Our 50 year-old Sydney-based corporate is actively building a diversified portfolio. He wanted a property with high yield, and scope for capital growth in the future.
We were pursuing a 4 bedrooms home in our of our preferred areas of Brisbane.
We found and secured a four bedroom + study split-level home off-market. It has a 5% yield and the big kicker is – it’s on a 650sqm block zoned for development (six apartments or four townhouses) so the client can develop or onsell at a profit in the future.
Median House Price = $455,000
Historical Growth Rate = 7.36%
Vacancy Rate = 2.4%
Distance to CBD = 14 km