$220,000 CAPITAL GAIN IN JUST 12 MONTHS
- Unit
- 2
- 2
- 1
- 80sqm
We found this excellent investment opportunity for Tim and Caro, who were looking to invest in a cash flow positive, high growth potential area in NSW.
This property was bought c. $50,000 below market price and has since then increased its value by $220,000.
What we loved about this property:
- Excellent location: Located within 3-min walk to the train station (direct access to the city) and the beach
- Ultra-high growth suburb: 4.5% average price growth per year
- Positive cash flows: +$250 per month due to high yield and low expenses
- 'Set & forget' property: Perfect condition and ready to rent
- Price: $880,000 ($50,000 below market price)
- Rental yield: 4.7%
- Hist. Suburb Growth: 4.5% p.a.
- Vacancy rate: 1.3%
Hi im looking for an investment property in Sydney, somewhere in Easter suburbs, I live in mackay North Queensland, work in coal mines, I was looking to use my super, if you have experience In buying property with super please contact me thanks ,Gary browne