21 Jul Sourced by Sound Case Study

Taringa, QLD

3 Bed | 2 Bath| 2 Car – Unit

Balcony2

Living4

Master

Closet

Master Bath

zFloorplan

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.

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.