30 Jul Sourced by Sound Case Study
Posted at 10:03h
in Case Studies
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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