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%