17 Feb Sourced by Sound Case Study
Posted at 09:44h
in Case Studies
Lara, VIC
3 Bed | 1 Bath | 3 Car – Townhouse
Investor Brief and Strategy:
Experienced investor looking to diversify their portfolio into new markets having already bought properties in Sydney and Brisbane.
Investment Details:
- Secured at $580,000
- Rented $450/w
- Tidy home sitting on an oversized 791sqm lot
- Quiet culdesac position
- Easy access to primary and secondary schools, shops and public transport options.
Read about our 15 Key Investment Drivers
Key Investment Drivers:
- Strong long-term growth: 8.59% p.a
- 2021 Growth: 16.60%
- Vacancy rate: low at 1.1%
- Affordable market (mortgages/incomes): 25%
What we liked:
Lara outperformed Melbourne’s 2021 capital growth rate of 14.87% and continues to achieve tight vacancy rates, all at an affordable price point.
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