Purpose of Purchase: Investment
Property Type: Two Storey home (4Beds + 2Baths +2 Car park)

Land Size: Flat 389m² block of land

Property Feature:

• High-end finishes that adorn its expansive kitchen, stylish bathrooms, and communal areas
• Overlooking the open living and dining space Living and dining spaces situated on the ground floor 
• Expansive undercover alfresco area for outdoor gatherings  
• Fully fenced yard designed for low maintenance

Budget：Up to $600,000 
Purchase Price: $605,000
Purchased on: Nov 2023

Yield and rental info:
Leased at $550/week
Rental yield on purchase of 4.7%
Based on last year of sales, Yarrabilba has achieved a 15.1% capital gain.

How this purchase met the clients brief:

• Long term capital growth
• Low maintenance property 
• Newly home for depreciation value
• more than 4.5% rental yield
• Decent rental income to cove most of the mortgage repayments

【𝘾𝙡𝙚𝙫𝙚𝙧𝙡𝙮 𝙐𝙩𝙞𝙡𝙞𝙯𝙞𝙣𝙜 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙍𝙚𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙣𝙜, 𝙎𝙪𝙘𝙘𝙚𝙨𝙨𝙛𝙪𝙡𝙡𝙮 𝘼𝙘𝙦𝙪𝙞𝙧𝙞𝙣𝙜 𝙖𝙣 𝙄𝙣𝙫𝙚𝙨𝙩𝙢𝙚𝙣𝙩 𝙋𝙧𝙤𝙥𝙚𝙧𝙩𝙮】

This local buyer, having secured a primary residence, expressed optimism in the real estate market and decided to invest in another property through a combination of mortgage refinancing and existing savings. With a budget sufficient for approximately $600K, she sought a relatively new property with no additional budget for renovations, emphasizing the importance of its freshness. The client successfully closed this deal just before Christmas.

Despite the real estate market gradually stabilizing after multiple interest rate hikes, current property prices, even in more distant areas, are nearing $700K. This is attributed to previous homeowners selling their properties and relocating to more distant, yet newer, areas. Additionally, external migration has contributed to maintaining a significant upward trend in property prices even in these more remote regions.