07 Dec Sourced by Sound Case Study
Posted at 13:13h
in Case Studies
Mountain Creek, QLD
4 Bed | 2 Bath | 2 Car – House
Investor Brief and Strategy:
Investment sub $600k with strong capital growth potential & a high rental yield.
Investment Details:
- Off market deal, secured: $580,000
- Rented $620/w or 5.56% yield
- Affordable property acquired in rapid growth suburb
- Sort after school catchment zone
- Quiet street, walking distance to local shops, restaurants and schools
Read about our 15 Key Investment Drivers
Key Investment Drivers:
- Vacancy Rates – Super low at 0.2%
- Rents grew 9.1% during 2020
- Population increase of 5.77%, three times higher than the state average
What we liked:
Secured off-market through our agent networks this property exceeded rental expectations and also benefited from an on-market sale of a similar property $30,000 higher before settlement.
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