Type of Property: House
Reason of Purchase: Investment3 1 1
This entry level development opportunity was recently secured for an interstate family looking to create a strong portfolio for Inter-Generational Wealth Creation.
This property was purchased with the long term goal in mind to utilize the development potential and for the property to be passed down to their children. In the short term, the property will serve as a strong rental property until the family are ready to undertake the 3 townhouse development.
Acacia Ridge is an area that is seeing gentrification with some really positive signs of growth in the coming years, with the changing demographics becoming more and more interested in low maintenance living, at an affordable price point, and convenient geographical location.
The property was purchased for a great price in the low $400’s and is predicted to achieve around the mid 4% rental yield as holding income.
Another great investment purchased by the Hot Property Team for one of our valued clients.