We built a 4-bedroom home investment property in Brisbane for less than $500,000.

The NSW-based investor achieved instant equity, with similar lots in the same development selling for $15,000 more at the time.

• House and land package: $486,663

• Land purchase price: $260,000 (settled August 2021).

• Build cost: $226,663 - a single-storey home with 4 bedrooms, 2.5 bathrooms and double garage. Approx. 8-month build, scheduled to start in September.

• Location: North Brisbane, a high-growth suburb with limited land availability.

• Buyer: NSW-based investor.

• Suburb vacancy rate: 0.6% (July 2021, SQM Research).

• Suburb median price: $519,112 (for a 4-bedroom home).

• Suburb median rent: $468 per week (for a 4-bedroom home).

• Projected rental yield: 4.9% – 5.2%

• 12-month growth: 10.36%

• 10-year growth: 58.10%