Sourced by Sound Case Study

Sourced by Sound Case Study

Norman Park, QLD

5 Bed | 2 Bath | 2 Car – House

Investor Brief and Strategy:

Investor looking for a house close to CBD with consistent capital growth circa $1m

Investment Details:

  • Purchase price $1.25m
  • Rental appraisal $1,100w or 4.6%
  • Massive 335sqm internal space
  • Huge open plan living/dining and kitchen opening up to deck with district views
  • Established suburb only 20 metres from local school, bus stop and parks
  • Popular school catchment area

Read about our 15 Key Investment Drivers

Key Investment Drivers:

  • Positive cashflow with a 20% cash deposit
  • Vacancy rates – Low 2.4%
  • Affordability- Only 25% of household incomes to mortgages
  • Suburb 2018 growth – 10.5%
  • Suburb 20-year growth – 8.5% p.a

What we liked:

“Highly presentable family home in a prestigious suburb and popular school catchment. Proven long-term capital growth and a solid rental yield make this a well-rounded investment opportunity.”

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This article is provided for general information only and does not constitute personal advice, as it does not take into consideration your personal circumstances. Please consult a licensed tax or financial advisor before making any decision to invest.