This 5-bed investment property in the Moreton Bay region gets a big thumbs up from us!

We strategically sourced, negotiated and secured it on behalf of our Melbourne-based client through their SMSF, utilising a long-term capital appreciation strategy.

Initially, the client intends to conduct minor cosmetic renovations, such as internal painting and new flooring, to enhance the property's rental appeal and value.

🔸 Purchase Price: $871,000

🔸 Property Type: 5 bed, 2 bath, 4 car garage, on a 751sqm block

🔸 Location: Suburb in the Moreton Bay Region, north of Brisbane

🔸 Buyer: First-time investor based in Melbourne

🔸 Asking rent: $820pw

🔸 Suburb median rent for a 4 bedroom house: $580pw

🔸 Gross Rental Yield: 4.90%

🔸 Suburb Vacancy Rate: 0.7%

🔸 Suburb average 20-year growth: 6.54%