16 Dec Sourced by Sound Case Study
Posted at 15:34h
in Case Studies
Norman Park, QLD
5 Bed | 3 Bath | 3 Car – House
Investor Brief and Strategy:
Premium small-scale development generating 15% + in gross profit & 8% + in annual capital growth.
Investment Details:
- Secured: $1,225,000
- Development Costs: $947,000
- End Value Appraisal: $2,700,000
- Instant equity: $380,000
- Maximum depreciation benefits
- Inner Brisbane suburb, only 4km from the CBD.
- Sort after postcode with access to great schools, parklands, café’s, restaurants & transport.
Read about our 15 Key Investment Drivers
Key Investment Drivers:
- Vacancy rates – low at 1.4%
- Consistent long-term 20-year growth 9% p.a
- Demographics – Higher socio-economic
- 12-month rental change +20%
- 2021 capital growth: 25.3%
What we liked:
Rare developable block in one of Brisbane’s premium suburbs. The combination of 16% return on development costs, a strong yield & 25% capital growth in 2021 make this property a Sound approved investment.
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