Type of Property: House
Reason of Purchase: Investment
These clients used Hot Property Buyers Agency around 18 months ago to purchase their first Brisbane investment property, after enjoying such a smooth process and great success they where keen to go again.
The search began, and at the time there was a limited amount of property on the market that suited our clients criteria. At this point we to adopt a “hunting” approach to the search rather then a fishing approach. Zoran Solano and Daniel Mumford directly approached a number of property owners in an area that we had identified as having strong potential. After contacting over 250 property owners we managed to find an owner who was looking at taking his property to market. Using our experience and market knowledge we where able to buy this property for under market and bank valuation by buying directly from the owner without a selling agent being involved.
The property is a highset brick home with 3 bedrooms, 2 bathrooms on 622m2, the property is around located around 8.5km from brisbane CBD in a quiet pocket of Everton park. The area has a high owner occupier demographic which we love as this can assist in promoting capital growth. But also has a high rental demand due to the good schools and larger homes in the area. This low supply and high demand means that this area has seen strong growth as well as consistent above average rental yields.
Purchase Price: Mid $600’s
Rental Return: Mid $500’s Per week ( ~4.4% Gross)
Proximity to CBD: 8.5km to CBD
Block Size: 622m2
Capital Growth Rate: 5.1% P/A over the past 5 years
Awesome! Thanks Daniel. So glad we’ve got you guys on the case for all this!