Property Type: House
Ideally located in a family-friendly up-and-coming suburb in Northern Brisbane, this investment opportunity was unmatched for our client. Only 3 years old and a long term tenant already in place, this home featured modern fittings, a large alfresco and backyard and gorgeous views from the master bedroom at the front and to the rear.
Purchased for a Victorian client building a retirement portfolio.
Client Review:
“Tracy has helped us find our 4th investment property and first in Brisbane. Having used other buyers advocates, I can say without a doubt that Tracy is a first class choice if you are looking for good advice, great communication and a quality investment. She is diligent, patient and relentless in the search for the right property at a very reasonable cost.
We have now asked Tracy to locate another property in the Brisbane area for us. THANKS TRACY.”
MR M O’CALLAGHAN – MELBOURNE
The Brief
Two astute investors were interested in expanding their rental portfolio and needed a high yield property in a blue-chip neighbourhood to fit their criteria
The Strategy
To achieve a high rental return.
The Property
This near new, doble storey home is situated in a very sought-after area of Upper Kedron in the prestigious Ellendale Estate. It boasted quality fixtures on a manageable 400sqm block of land and had a tenant in place.
The Suburb
Upper Kedron exemplifies all that is desirable in urban living; a safe, secure and social community with the perfect blend of convenience and lifestyle. Homes in this location are of a quality standard and only a few years old. Land is scarce as the suburb is land locked on 3 sides surrounded by D’Aguilar National Park, Enoggera Forest Reserve and Mount Coot-tha. Less than 17 km from Brisbane CBD and only a stones throw from the Ferny Grove Train Station, this suburb shows nothing but growth for our investor.
The Numbers
- Purchase price: $860,000
Rented to a long-term tenant for $750 per week. This achieved a 4.53% gross rental yield.
