Located within 10km of the Brisbane CBD, in a northside suburb undergoing regentrification, the property was secured utilising a long-term capital appreciation strategy.

It is crucial to buy with exit strategies in mind, and in this case, there are multiple ways the client could choose to divest in the future:

1. Sell as is

2. Raise the home and renovate the downstairs to add further appeal and value - there is space to build a pool in the backyard, adding further tenant appeal and value

3. Redevelop the site

4. Sell it to an owner-occupier who wants to build a family home with a pool

• Purchase Price: $1,417,000 (post negotiations after building and pest)

• Suburb median price for a 4 bedroom house: $1,348,000

• Property type: 4 Bed, 2 Bath, 1 Car garage, on a 607sqm block

• Location: Northern suburb of Brisbane

• Buyer: First-time investor based on the Gold Coast

• Rent achieved: $995pw (tenant secured before settlement)

• Suburb median rent for a 4 bedroom house: $850pw

• Gross rental yield: 3.65%

• Suburb vacancy rate: 0.4%

• Suburb average 20-year growth: 7.15%