Case Study October 2022
Investment property sourced, negotiated and secured by EKR Property
4 bedroom house, $487,000
Having purchased the land in August 2021 and completed the build in October 2022, our investors, Chris and Lisa (pictured), experienced exceptional growth in the suburb during the build period. They also achieved a high yield due to the suburb's low vacancy rate and high rental demand.
• Purchase Price (Aug 2021): Total $487,000 = Land $260,000 + Build $227,000
• Suburb median price (Sep 2022): $665,000
• Property: Single-level house with 4 Bedrooms, 2 Bathrooms & Double lock-up garage
• Location: Southernmost suburb of Moreton Bay Regional Council
• Buyer: Lisa and Chris, Sydney-based investors
• Rent achieved: $600pw
• Suburb median rent: $490pw
• Gross rental yield: 6.41%
• Suburb vacancy rate (Sep 2022): 0.5%
• 12-month suburb growth: 28.9%
• Suburb Average 20-year growth: 9.01% pa
SERVICES
Property Investment Advisory
Property Consultancy
Client Management
Project Management
Build Support
Buyers’ Agency
© 2024 EKR Property