We purchased land for a client to build an investment property in a blue-chip suburb within the greater Ipswich area. This area features a tight vacancy rate and growth potential. We also assisted our client with the build process.

• House and land package: $689,990

• Land purchase price: $275,000 (452sqm lot; settled Dec 2021)

• Build cost: $414,990

• Type of home: 245sqm high-set/double storey home; 4 bedroom, 2 bathroom, 2 garage

• Build schedule: Started Feb 2022 and took approx. 35 weeks to complete

• Location: blue-chip suburb in the greater Ipswich area, Queensland

• Buyer: Sydney-based first-time investors

• Suburb vacancy rate: 1.1% (Dec 2021)

• Suburb median price: $947,500 (as at 6 Jan 2022)

• Suburb median rent: $600 per week (as at 7 Jan 2022)

• Projected gross rental yield: 5.28%

• 12-month growth: 19.6%