Success Story: Jack
$65,000 gained in 6 months with 3.6% yield
ABOUT THIS INVESTMENT
Ankush had been wanting to invest in property for many years. He was looking at a ‘hybrid’ type of investment providing a good mix of positive cash flows AND strong capital gains potential.
About the property
*Current value estimate obtained from Commbank
4.5% YIELD AND $105,250 EQUITY GAIN IN 9 MONTHS!
Est. Rent pw
Hist. Suburb Growth
Things to consider
Exciting features include:
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
Due diligence checks
Hist. suburb rent growth
Stock change last 12 months
Hist. suburb price growth
In terms of the property market, North Lakes displays very strong fundamentals. Property prices have grown by 64% since 2011 (1.1x the national average of 57%). The suburb is in high demand with limited supply available, translating into a low vacancy rate of 0.4%. In addition, the number of available properties for sale has decreased by 47% over the last 12 months. The typical attractive Hybrid investments in North Lakes are 3/4-Bedroom houses with over 350sqm land, with median asking price of $620,000 to $680,000, delivering average rental return of 3.4% to 3.7%. (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 (+8.4% per year on average since 2017)
- Strong rental growth (+24.3% over the past 12 months)
- High demand, outstripping supply (0.4% vacancy)
- High affluence score of 4 of 5: the median income in the suburb is higher than average
- High family score of 5 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
Suburb median selling price for 4-Bedroom houses
Suburb median weekly rent for 4-Bedroom houses
Suburb vacancy rate (%)
Things to consider
Ready to move in family home, with a unique and versatile detached structure currently being used as a functioning soundproof studio. The home is perfectly positioned and has been designed to offer the ideal blend of relaxed living, quality entertaining and all over privacy. Complete with an incredible opportunity to create the ideal office from home, options for the space are endless such as a home office, yoga studio, media room or perhaps a private tuition space.
The home itself is a fantastic starter home with 3 generous sized bedrooms and a neat and tidy bathroom ready for you to live in and make your own. The open plan living and dining area is complete with air-conditioning and ceiling fans and the whole house has beautiful timber flooring throughout. Complete with the added convenience of a separate laundry with direct external access plus an extra-large driveway to house all of your cars, this one is ticking all of your boxes.
You’ll simply love the location with shops, buses and parks within a short stroll…and you’re only a few minutes away from the heart of Strathpine and just a short drive to the University of the Sunshine Coast Moreton Bay Campus or Westfield North Lakes.
With so much to offer, this property will be in demand, so act quickly as this fantastic opportunity to purchase in this area will not wait for you.