This client’s goal is a clear one: five investment properties over four years, funded by a strategy of buying under median value and adding equity through renovation, on the way to an earlier retirement.
This purchase, the second in that plan, was secured for $545,000 in Queensland, under the median price range for the suburb, with a rental yield of 5.3% set to increase once renovations are complete.
Due diligence was front and centre throughout, minimising risk while positioning the property for the kind of capital growth and rental performance a long term portfolio depends on. With low vacancy rates in the area, it is a solid step toward the client’s five property goal.
The Result:
- Purchase price $545,000, under the suburb median
- Rental yield of 5.3%, set to increase after renovations
- Second of a planned five investment properties
- Low vacancy rates in the surrounding area
