Great SMSF Investment Opportunity
Type of Property: House
Reason of Purchase: Investment4 2 2
This Brand new property was purchased by Zoran Solano and the Hot Property team for a client looking to secure a property within their Self Managed Super Fund. (SMSF) After beginning the search it was quickly identified that this client was most comfortable purchasing a brand new or near new property so that it had very few maintenance issues for them. This left our team with a challenge, for our clients budget we were limited in relation to locations in which we could purchase a new build property and still be in a 10km radius from the Brisbane CBD.
This property was secured after a few weeks of searching, and our team was able to secure the property for $35,000 under the asking price, saving our clients Time and Money. Our team managed the whole purchase from searching, to inspecting, negotiating and the contract period. In addition Hot Property Management was able to secure a tenant at a solid rental yield with minimal down time post settlement.
Another amazing result for our Client, and for the Hot Property Buyers Agency team.
Purchase Price: $715,000
Block Size: 436m2
Proximity To CBD: 10km
Rental Yield: $650 Pw (4.73% Gross)
Capital Growth Rate: 5.4% P/A over the past 5 years.