Purpose of purchase: Investment

Property type:  Low set brick home (4Beds + 2Baths + 2Car parks)

Land size: 759m2

Budget：Below $600,000

Purchase Price: $590,000

Purchased on: May 2021

Yield and rental info: 
Leased at $560/week
Rental yield on purchase of 4.93%
Based on last year of sales, Alexandra Hills has translated to a 29.4% capital gain.

Property features:

• Spacious lounge and dining area with leafy outlooks
• An open plan kitchen adorned with stainless steel appliances
• This house is only 50m to scenic walking trails leading to parks and local bushland
• Ceiling fans throughout with double car garage
  and solar roof panels.

How this purchase met the clients brief:

• Good growth area with reasonable rental yield
• 4 bedroom house targeting to rent for a stable income couple/family

This Australian expat was looking for a good investment in a location that will appreciate in value and decent rental yield, expecting 4.5% – 5% rental yield. He has already purchased an apartment as an investment, but he would like to diversify his property portfolio. 

The property has 4 decent-sized bedrooms with new carpet and new paint throughout the house. It is also positioned in a whisper-quiet street and is within walking distance to scenic walking trails leading to parks and local bushland. The property is well maintained and requires low maintenance. This client is very satisfied.