Massive block with opportunity for a second dwelling. This couple has leveraged their superannuation, using around $150,000 as a deposit and costs to purchase this great house on massive land. Their original brief was for us to purchase a property for up to $800,000 in Sydney. The market was irrational and the data just didn’t stack up so we reviewed, researched and re set the brief before finding this Brisbane gem.
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$662,700
Purchase Price
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$1,060,000
Current Value Price
$529,840
Equity Growth
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$540
Starting Rent
$620
Market Rent
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1029 sqm
Land Size
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$530,160
Purchase Debt (80% Loan)
7.06%
Return on Debt
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1%
Vacancy Rate
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4
Beds
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2
Baths
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2
Cars