Sourced by Sound Case Study

Sourced by Sound Case Study

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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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.