10 Nov Sourced by Sound Case Study
Posted at 10:02h
in Case Studies
Bracken Ridge, QLD
3 Bed | 2 Bath | 2 Car – House
Investor Brief and Strategy:
Affordable investment in a capital city with positive cashflow and growth potential.
Investment Details:
- Secured $510,000
- Rented $480p/w or 4.8% yield
- Walking distance to schools, shops and public transport
- Spacious outdoor area whilst still being low maintenance
Read about our 15 Key Investment Drivers
Key Investment Drivers:
- Vacancy rates – extremely low 0.5%
- Capital growth 2020 – 4% during a global pandemic
- Affordable market (mortgages/incomes) – 27%
- Yield of 4.8% above market average.
What we liked:
The suburb maintained a very low vacancy rate and +4% capital growth during COVID-19, along with a strong 4.8% yield, significantly higher than Sydney’s 2.4% average.
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