This 4-bedroom investment property in the Moreton Bay Region has huge potential. It's a great set-and-forget investment that could be redeveloped in the future. Initially, the clients intend to conduct minor cosmetic renovations to enhance the property's rental appeal and value.

🔸 Purchase Price: $765,000

🔸 Property Type: 4 bed, 2 bath, 4 car garage, on an 800sqm block

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

🔸 Buyer: first-time investor based in Sydney

🔸 Rent achieved: $750pw

🔸 Suburb median rent for a 4 bedroom house: $600pw

🔸 Gross Rental Yield: 5.10%

🔸 Suburb Vacancy Rate: 0.4%

🔸 Suburb average 20-year growth: 6.30%

🔸 2024 Growth YTD: 13.9%