Derelict Property Makes $400K in Capital Gain!

23 Mar 2018


Here is a great article about a recent Brisbane Property that shows PROPERTY WORKS! Even when its uninhabitable. 

Back in the Mid 1980’s the property was purchased for around $63,000, since then it appears that minimal maintenance has been undertaken to the property, yet still the property has recorded a recent sale price of $578,000. That works out to around 7.1% Annual Growth over the term of ownership.

Needless to say that is impressive growth considering the state of the property.

I roughly worked out that the Interest and Principle Home loan repayments over 30 years works out to around $100 per week, yet on average the property was growing at over $350 Per week.

Take a look at my brief video and also here is a Link to Courier Mail article by Sophie Foster



Let's Get Started

There’s no telling how many opportunities can come from just one little conversation – so get in touch today. We’d love to catch up and discuss how we could help you!

Call us or fill in the form below to get your property journey started today.