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The opportunities are certainly available in this competitive marketplace. Not Just in Brisbane but Australia wide.
Here we will take a look a a fantastic high yield property in the heart of West End QLD 4101. 2kms from the CBD, walking distance to buses, ferrys and the Brisbane City Cycle scheme, tertiary study…. Well you get the point- If you have found a prospective property 2kms from the heart of the CBD you won’t have to do too much research on location as infrustructure will certainly be there.
Lets take a closer look @ the area.
-Over 60% rental market
-Median house price hovering around $870,000-900,000
-Over 110 sales occur in West End per annum
-local government zoning and densities are accommodating higher density forecasts (can build potentially more on a block of land- more dwellings on one site (townhouses, higher level apartments etc)
Further to this, the neighboring suburb of South Brisbane had a residential height restriction of approx, 8 levels only 18 months ago. In some parts of this suburb, plans to facilitate 18 level residential apartments are forecast well and truly within the next 10 years.
Now the figures
- 4bed, 4bath, 2car (all council approved)
-provisions with DA plans to build in underhouse (flatette- adds potential $300 per week income in current marketplace)
-405m2 block (land value $450,000)
- 2 street access with easement at the rear of site
- Returning $1,140 per week fully furnished (each room rented individually on fixed leases)
- Sold $830,000
With 10% down on this investment – legals, stamp duty, bank fees etc you will be potentially servicing a loan around $760,000
Stamp duty @ $30,000
Loan repayments on $760,000 @ $4,047 per month (interest only at 6.4%)
Property management 8% @ $395 per month
Rates including Water @ $233 per month ($2,800 per annum)
Landlord Insurance @ $50 per month (600 per annum)
Home & Contents Insurance @ $70 per month ($840 p.a)
Electricity @ $100 per month ($1,200 p.a)
Total cost @$4,895 per month ($58,740p.a)
Total income@ $4,940 per month ($59,280)
Cash flow positive $540 p.a.
Even if you allow 10% in fluctuations in increased costs, loan repayments etc you would have to cover an extra $444 per month. This I see as smart investing as you are bullet proofing your investment. Now I haven’t covered absolutely everything but you can start to get a feel. Gross return on this exceptional property is 7.2% gross return on purchase price. Phenominal considering the potential for small incremental rental increases and potential to build or extend underneath to generate even more income.
Make sure you sign up to be kept upto date with opportunities currently available across price ranges from $50,000 through to blocks of units @ $1.2million returning 10%.
We are the Free Premium Buyers Consultants. The Free Premium Buyers Consultants offer a revolutionary service to you as the buyer. We are a free premium service alternative to a buyers agent. The Free Premium Buyers Consultant understands that not every buyer sees value in paying for a Buyers Agent but certainly would seek expertise if the services are at no cost. We are not a Buyers Agent as we do not charge the buyer a fee. Unlike a Buyers Agent in Brisbane we are 100% free. We do not charge you a cent. The Free Premium Buyers Consultant would pay you $5,300 for purchasing this property.