Type of Property: House
Reason of Purchase: Investment4 2 2
This Solid Brick and tile home was purchased for a first time interstate investor who wanted to secure a low maintenance property within the Brisbane Market.
This property was secured for around the Low to mid $600’s, and is a very rent able property as is, with future scope to add value in the future to improve the properties performance. The Hot Property Management team successfully secured a tenant for the owner returning 4.5% with future scope to increase this rental yield. This suburb has achieved an average rate of growth P/A around 6.5% over the last 10 years given the client confidence in future performance of this investment.