This 4-bedroom property in a Moreton Bay coastal suburb has great potential. You can choose to set and forget, add a pool or a granny flat, or redevelop the site in the future.

We strategically sourced, negotiated, and secured the property off the market for our Perth-based client, employing a short-term capital appreciation strategy.

The client plans to rent out the property initially and then move into it within the next three years when they relocate to Queensland. So Edward had to wear two hats when sourcing this property: ensuring it was a solid investment while meeting the homeowner's needs.

🔸 Purchase price: $920,000

🔸 Property type: 4 bed, 2 bath, 2 car garage, on a 579sqm block

🔸 Location: Suburb in the Moreton Bay Region, north of Brisbane

🔸 Buyer: Seasoned investor based in Perth, but ultimately looking for a place to call home.

🔸 Rent achieved: $700pw

🔸 Suburb median rent for a 4 bedroom house: $662pw

🔸 Gross rental yield: 3.95%

🔸 Suburb vacancy Rate: 0.4%

🔸 Suburb average 20-year growth: 6.15%

🔸 2024 Growth YTD 6.8%