The Project

D&S were first time investors looking for a modern style of property with good rental return, depreciation, a good sized block of land, high level of tenant appeal, low maintenance and close to transport – not too much to ask!!   Their purchase budget was around the $550k mark.

The Property

The property we found ticked all of those boxes!  Purchased in an outer North growth corridor of Brisbane this 7 year old low set, 4x2x2 brick and tile home had great appeal with multiple large living areas, landscaped gardens and a great outdoor deck and patio area, all on a 700 m2 walking distance to train.
The property was highly sought after by tenants – in fact, tenants were trying to out bid each other just to get this property!  Our rentals team had this one rented in no time!

The Numbers

  • Listing Price: Offers Over $569,000
  • Purchase Price: $570,000
  • Current/Estimated Rental: $500pw