This 3-bedroom property is located 18km north of Brisbane CBD. It was sourced for a Sydney-based investor who plans to hold it for 5-10 years and then redevelop it to add value and appeal. The tenant was secured before settlement.

• Purchase price: $710,000

• Property type: 3 bed, 1 bath, 1 lock-up garage on a 597sqm block

• Location: 18km north of Brisbane CBD (suburb undergoing gentrification)

• Buyer: Sydney-based investor

• Rent achieved: $480 per week

• Gross rental yield: 3.52%

• Suburb vacancy rate: 0.1% (May 2022)

• Suburb median price: $747,597

• 2022 Suburb growth: 18.5%

• Average 20-year growth: 8.84%