30 Oct Sourced by Sound Case Study
4 Bed | 2 Bath | 4 Car – House
Primary goal of fast-tracking wealth creation via purchasing a 2nd investment property.
- Purchase price: $844,000
- Rented: $810 or 5% yield
- Large 714sqm block
- Equity is projected to grow by $870k over the next 10 years based on long-term growth.
Read about our 15 Key Investment Drivers
Key Investment Drivers:
- Long-term Growth: 8.06%
- Vacancy rates: 0.7%
- Days on market: 24
What we liked:
Perfectly renovated low-set home in a quiet cul-de-sac position. Our clients managed to secure tenants prior to settlement $85/week more than the rental appraisal, well above the suburbs median yield.Facebook followers and Sound News subscribers.
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.