This 3-bedroom home in north Brisbane was secured on behalf of our client, utilising the 'Buy and hold to renovate or redevelop later' investment strategy.

This means the home will be rented as is and maintained over the short term, and in time, it will undergo a minor cosmetic renovation to add further tenant appeal and yield.

A medium to long-term investment strategy is to redevelop the block or sell the property to an owner-occupier who would likely build a new house on the block.

• Purchase price: $775,000

• Suburb median price: $739,000

• Property type: 3 Bed 2 Bath 2 Car garage, on a 546 sqm block

• Location: Brisbane northern suburb

• Buyer: Seasoned investor based in Sydney

• Rent achieved: $560pw (Bought with tenant in place)

• Suburb median rent: $580pw

• Gross rental yield: 3.7%

• Suburb vacancy rate: 0.4%

• 12-month suburb growth: 18.9%

• Suburb average 20-year growth: 7.92%