Sourced by Sound Case Study

Sourced by Sound Case Study

Taringa, QLD

3 Bed | 2 Bath| 2 Car – Unit

Investor Brief and Strategy:

Investor looking for a positive cashflow growth property whilst offsetting tax with maximum depreciation benefits.

Investment Details:

  • 3 Bed | 2 Bath | 2 Car: $799,000
  • Rental appraisal: $795/w or 5.2% yield
  • Positive cashflow – even with 100% borrowings
  • Depreciation estimate YR1 $18,000
  • Boutique block of only 7 units (majority sold to local owner-occupiers/downsizers)
  • Blue-ribbon Suburb only 6km to CBD
  • Walk to prestigious Queensland University
  • High level of finish; including timber floors, full a/con, 2pac cabinetry with upgraded stone benchtops
  • Large, functional floorplans
  • Double carpark + storage in basement

Read about our 15 Key Investment Drivers

Key Investment Drivers:

  • 20-year long-term growth average 7.2% p.a
  • Demographics – Higher socio-economic
  • Maximum depreciation benefits
  • Affordability – Very good, only 27% of household incomes to mortgage

What we liked:

Boutique development just 6km from the CBD, small block of 7 with 3 sales to owner occupiers. Sustained long-term growth, exceptional rental yield and maximum depreciation benefits in a blue-ribbon postcode.

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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.