With a $480,000 budget and a clear brief, solid capital growth, a strong rental yield from day one, and future granny flat potential, this Melbourne based investor needed a property that stacked up on every metric, not just the numbers.
Blue Key found it within three weeks: a large 734m² corner block, purchased for $448,000, $32,000 under budget. The surrounding area’s vacancy rate sits at just 0.91%, pointing to strong ongoing rental demand, and tenants were secured the day after settlement at $435 per week.
Add a short commute to the Brisbane CBD, a four minute drive to schools, a five minute walk to the train station, and easy access to shops and parks, and the fundamentals stack up as well as the price does.
The Result:
- Purchased $32,000 under the client’s $480,000 budget
- Large 734m² corner block with granny flat potential
- 0.91% vacancy rate in the surrounding area
- Tenanted the day after settlement at $435 per week
- Close to schools, the train station, shops and parks
