11 Sep Client Success Case Study

Hendra, QLD

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Client Purchase:

• 708sqm for $1m or $1,412/sqm

Comparable Land Sold Within 500:

• 610sqm for $1m or $1,639/sqm

Results:

•  +11.6% increase on land value before settlement
• Or a massive 80% return on our client’s 20% deposit in only 2 months.

Read about our 15 Key Investment Drivers

What we liked:

On a sqm basis, this sale put our client’s land value at $1,160,412, and they haven’t even settled yet, or finished the knockdown/rebuild. Fully sourced, secured and project managed by Sound Property.

Total project costs ~$1.8m with sales comparables ~$2.4m. Stay tuned for the full development returns on this custom built project in a suburb 5km to the CBD.

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.