SUCCESS STORY: LUIS

$89,000 gained in 6 months
with 4.7% yield

We helped Luis buy this property located in Queensland. This house sitting on 325sqm already increased in value.

About this investment

We helped Luis buy this property located in Queensland. This house sitting on 325sqm already increased in value.

ABOUT THE PROPERTY

SUBURB INSIGHTS

FINANCIALS

*Current value estimate obtained from Commbank

Property details

Land

325 m²

Property details

House with 4 Bedrooms, 2 Bathrooms and 2 Garages

Type

House

Rent

$540w

Price paid

$600,000

Price growth

8.4%

Rent growth

5.1%

Investment details

Investment Insights :

Things to consider:

Map & Distances

vt.png

km

0.7km

0.5km

29.1km

Due diligence checks

Example

LOW

LOW

LOW

NO

Key indicators

Hist. suburb rent growth

5.1%

Stock change last 12 months

-46.8%

Hist. suburb price growth

8.4%

Vacancy rate

0.4%

Suburb scores

Expert analysis

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

Price evolution

Suburb median selling price for 4-Bedroom houses

Rent evolution

Suburb median weekly rent for 4-Bedroom houses

Vacancy evolution

Suburb vacancy rate (%)

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