
Case Study March 2022
Investment property sourced, negotiated and secured by EKR Property
3 bedroom townhouse, $555,000
Our investor client, whom we helped secure a brand new townhouse, achieved 10% growth during the build period before completion. We assisted them in sourcing and negotiating the contract to build the townhouse in May 2021.
The tenant was secured pre-settlement in March 2022 at $60 more per week rent than what was appraised at the time of purchase.
• Property: 3 bedroom, 2 bathroom, 2 car tandem lock-up garage, and 1 carport
• Location: 12 km north-west of Brisbane CBD
• Purchase price: $555,000 (purchased May 2021, settled March 2022)
• Comparable recent sales: $620,000
• Rent achieved March 2022: $590 per week; 5.53% rental yield
• Rental appraisal May 2021: $530 per week
• Suburb median rental yield: houses 3.52%; townhouses 5.32%
• Suburb vacancy rate: 0.7%
• 2021 suburb growth: 35.2%
• 20-year average suburb growth: 9.13% pa
• Average 20-year growth: 9.29%

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