SUCCESS STORY: ANKUSH
$91,000 gained in 8 months with 4.8% yield
We helped Ankush buy this property located in Queensland. This house sitting on 600sqm already increased in value.
About this investment
ABOUT THE PROPERTY
- Location: Queensland
- Type: 3 Bedroom - House
- Land: 600sqm
- Condition: Excellent condition
- Already tenanted: Yes
SUBURB INSIGHTS
- Vacancy rate: 0.5%
- Price growth: 3.6%
- Rent growth: 11.5%
- Supply risk: Low
FINANCIALS
- Price paid: $460,000
- Current value*: $551,000
- Equity gain in 8 months: $91,000
- Rent: $425w
Property details
Land
600 m²
Property details
House with 3 Bedrooms, 1 Bathroom and 1 Garage
Type
3 Bedroom House
Rent
$425w
Price paid
$460,000
Price growth
3.6%
Rent growth
11.5%
Investment details
- Summary
- Suburbs
Investment Insights :
- Low vacancy in suburb
- Excellent condition
- High yield
Things to consider:
- Older property
Seller’s description
Exciting features include:
- Main Bathroom with Bath, Separate WC
- Entry Foyer, Carpeted Living Area + Dining Area
- Well Appointed Kitchen with Electric Oven/Cooktop
- Covered Entertaining Area Overlooking Parklands
- Low Maintenance & Pet Friendly 600m2 Block with Established Gardens, Water Tank
- Single Lock Up Garage, Drive Through Access for Boat/Caravan
Nestled on a prized 600sqm block and positioned conveniently within easy access to Brisbane, Sunshine Coast, transport hubs, quality private/public schooling and Westfield North Lakes. The lifestyle on offer couldn’t be more convenient.
Disclaimer: This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty of representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries
Map & Distances
- To Public Transport
0.1km
- To School
0.7km
- To Supermarket
0.6km
- To Central Business District
31.7km
Due diligence checks
- Flood risk
LOW
- Bushfire risk
LOW
- Noise risk
LOW
- History Consideration
NO
Key indicators
Hist. suburb rent growth
11.5%
Stock change last 12 months
-21.3%
Hist. suburb price growth
3.6%
Vacancy rate
0.5%
Suburb scores
Expert analysis
In terms of the property market, Deception Bay displays very strong fundamentals. Property prices have grown by 102% since 2011 (1.8x the national average of 57%). The suburb is in high demand with limited supply available, translating into a low vacancy rate of 0.5%. In addition, the number of available properties for sale has decreased by 21% over the last 12 months. The typical attractive Hybrid investments in Deception Bay are 3/4-Bedroom houses with over 350sqm land, with median asking price of $580,000 to $640,000, delivering average rental return of 2.9% to 3.2%. (Speak to your Coach if you are considering townhouses and/or units, which are only attractive in certain locations.)
Why we chose this suburb as a top target:
- Strong capital growth (+11.5% per year on average since 2017)
- Strong rental growth (+17.2% over the past 12 months)
- High demand, outstripping supply (0.5% vacancy)
- High family score of 4 of 5: there are well performing schools in the area, childcare facilities and playgrounds
- High lifestyle score of 4 of 5: there are cafes, fitness centers/ gyms, restaurants etc. to choose from in the suburb
- High convenience score of 4 of 5 – there are higher than average public transport commuters in the suburb and supermarkets/ stores close by
Price evolution
Suburb median selling price for 3-Bedroom houses
Rent evolution
Suburb median weekly rent for 3-Bedroom houses
Vacancy evolution
Suburb vacancy rate (%)
