12 Aug Sourced by Sound Case Study
Posted at 10:26h
in Case Studies
Wavell Heights, QLD
5 Bed | 3.5 Bath | 2 Car – Custom Build
Investor Brief and Strategy:
New build with in-built profit, 9% p.a long-term suburb growth, positive cashflow, maximum depreciation benefits – all professionally managed
Investment Details:
- Land secured prior to auction: $962,000
- Development costs: $873,000
- End value appraisal: $2,200,000
- Inbuilt equity: $250,000 +
- Rent: $1,500/w or 4%
- High end finishes and inclusions
- Flat block only moments from shopping precincts including Chermside Westfield Shopping Centre, access to quality schooling, both primary and secondary and easy access to Brisbane CBD.
Read about our 15 Key Investment Drivers
Key Investment Drivers:
- Vacancy rates: low at 1.2%
- Consistent long-term 20-year growth: 9.18% p.a
- Impressive 2021 growth of 13.4%
What we liked:
A flat block in a tightly held blue-ribbon suburb, only 8km from the CBD. The combination of inbuilt equity, depreciation benefits and suburb drivers make this the perfect all-round investment.
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