Case Study March 2022
Investment property sourced, negotiated and secured by EKR Property
Annual growth of $112,000 for this 2-bed apartment
Our client, who purchased this two-bedroom, two-bathroom, one carpark apartment on the Sunshine Coast, has achieved phenomenal growth in 14 months - $112,000 in value and $120pw in rent.
The apartment is conveniently located 10km from the beach in a tightly held, high-growth area.
Value growth:
• Purchase price Jan 2021 - $407,900
• Sales appraisal Mar 2022- $520,000 - $540,000
• Growth to date – $112,100
Rental growth:
• Rent Jan 2021 - $380pw
• Rent Mar 2022 - $500pw
• Rental appraisal Mar 2022 - $510pw - $530pw
• Current rental yield – 6.38%
• Current suburb vacancy rate – 0.4%
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