Purpose of Purchase: Investment
Property Type: Low set brick home (3Beds + 1Bath + 2Car park)

Land Size: 719m²

Property Feature:

• Three comfortable bedrooms, a modern bathroom, and an air-conditioned living room 
• It comes equipped with solar panels, gas cooktop, and a backyard BBQ area.
• Fully fenced spacious backyard making it an ideal spot for outdoor entertainment and relaxation

Budget：Around $700,00 – $800,00
Purchase Price: $818,000
Purchased on: Oct 2023

Yield and rental info:
Leased at $600/week
Rental yield on purchase of 3.8%
Based on last year of sales, Bracken Ridge has achieved a 18.4% capital gain.

How this purchase met the clients brief:

• Future capital growth
• Convenient to public transport
  
• Within 20KM distance from CBD

【𝙃𝙞𝙜𝙝–𝙚𝙭𝙥𝙚𝙘𝙩𝙖𝙩𝙞𝙤𝙣 𝙘𝙡𝙞𝙚𝙣𝙩 𝙛𝙞𝙣𝙙𝙨 𝙖 𝙝𝙞𝙜𝙝–𝙦𝙪𝙖𝙡𝙞𝙩𝙮 𝙥𝙧𝙤𝙥𝙚𝙧𝙩𝙮】

The client, while in Hong Kong, had already contacted me. He’s an experienced engineer, highly knowledgeable about home construction and structure, so he decided to fly in to Brisbane to buy his first investment. As he planned to stay in Brisbane for just a month, his requirement is to purchase a desired property within this time frame. Although the purchased property is for investment purposes, he also hopes to potentially reside in it in the future, so he has specific criteria for this property.

Having already identified the type of property preferred by the client, I initially curated several options for their inspection. Fortunately, upon viewing the second property, the client was immediately captivated. It perfectly matched their criteria, boasting a low-set brick design, situated in a potential growth area, and offering a generous land size. Interestingly, the inspection coincided with heavy rain and strong winds, despite Brisbane’s usual sunny climate. While rain can be detrimental, typically we prefer inspecting properties on clear days to showcase them in optimal condition. However, inspecting during adverse weather, though inconvenient, can unveil unique advantages.

【𝙒𝙝𝙖𝙩 𝙖𝙧𝙚 𝙩𝙝𝙚 𝙖𝙙𝙫𝙖𝙣𝙩𝙖𝙜𝙚𝙨 𝙤𝙛 𝙞𝙣𝙨𝙥𝙚𝙘𝙩𝙞𝙣𝙜 𝙖 𝙥𝙧𝙤𝙥𝙚𝙧𝙩𝙮 𝙤𝙣 𝙖 𝙧𝙖𝙞𝙣𝙮 𝙙𝙖𝙮?】

Rain can reveal potential issues like leaks and drips, helping us assess the property’s waterproofing. Simultaneously, it provides insights into the external drainage system, checking for blockages in gutter drainage pipes and underground water channels, as well as any pooling in the surroundings such as the garden.

The outcome showed that this property, meticulously maintained by the previous owner, is in excellent condition. Seeing the client’s satisfied expression, I once again feel that everything was worthwhile!