The Project

C&S were interstate investors seeking long-term capital growth with a budget of up to $395k.   Looking within 30km of the Brisbane CBD, they were after a property on a minimum 600m2 block, with low maintenance gardens, that would be immediately rentable and provide close to neutral yield.

The Property

The property we purchased was a typical QLD low-set brick house found in the Northern suburbs of Brisbane.  This property was set on a corner block of 631m2, with street access on two sides, and a 6x6m double-bay shed for all the toys.  Difficult to find for under $400k in this particular suburb, this property also included aircon, solar water heating, polished wooden floors, and colorbond fencing all round.  Most importantly for the Queensland summer, a large covered outdoor area would provide some shade for a BBQ.  With a number of really good rental applications received, fantastic tenants moved in only two weeks from settlement!

The Numbers

  • Listing Price: $385,000
  • Purchase Price: $391,000
  • Current/Estimated Rental: $380pw

Client comments

“Great communication – emails, Dropbox, phone calls, etc.  Prompt reply to questions.  Up-to-date advice and shared knowledge.  Purchase met the brief!”