This market has shown rental growth of 18% in 12 months!
- By Peter Gordon
- •
- 28 Mar, 2022
Investo Property research and recommendation to clients in early 2021 was to purchase in this regional coastal town in Queensland.
Our client’s purchased a 4 bedroom house and land package in 2021.The property is not yet completed and the original rental appraisal was $480-$510 per week.
Our local property management team has now updated this appraisal and is showing an expected rental income of $570-$600. This has shown rental growth of 18% in 12 months!
We continue to recommend this region to our clients with the forecasted growth by $5,000 in rental income over the next 12 months (Refer to article by the Courier Mail) . Which will put it at $670-$700 per week.
Our client’s investment in the area will have positive cash flow returns.
If you're looking to invest in the property market for the first time or are a seasoned investor looking for options, we'd love to chat with you!
Let us assist you and show you opportunities that are available, check out our property page or contact me for a Zoom meeting.
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| Quiet simply, the Palms is the place to buy! |
Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).
Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.
Time magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time magazine?). But they might be onto something.
Time points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.
Time’s most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).
A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.