12 Fairfax Avenue, Bethania
Dear Nariman,
Please see the following presentation, at the bottom of the presentation you will see a video which will be of me talking you through the presentation incase you do not understand anything.
We have selected this property for you as it is a dual occupancy in a metro market achieving over 6% rental yield. The property was under offer and the deal fell through which the agent has now notified us, I would recommend with this property trying to exchange on the contract site unseen with a DD clause allowing us to do a inspection. The reason I recommend that is because I know this property will not last long on the market. Not all agents will allow us to do that, but we can certainly try. The property is in Bethania which is within the Logan council. You are approximately 30 minutes to Brisbane CBD, 40 minutes to Gold Coast. There is major hospital, major university and major shopping hubs within a few minutes drive, along with private collages, read on for more information
It’s with great pleasure to present
Your Focus Market
and property
DISCOVER OUR METHODS
HOW DO WE select OUR MARKETS?
In proud partnership with Australia's top property economists, we formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent in August 2016 for his invention of the Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.
Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.
Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.
your Hot market
LOGAN CITY
Logan is home to more than 327,000 people from more than 217 different cultures.
Logan is home to many Aboriginal and Torres Strait Islander communities. Traditional Custodians represent the original Aboriginal inhabitants of the area. There are also Elders and people who have come to live and work in the City.
New estates flourish as the city grows. Residents enjoy a range of housing options, from leafy suburbs to bushland acreage.
Logan is located between Brisbane, Ipswich and the Gold Coast which allows residents easy access to the national highway and rail networks.
Logan has more than 1,100 environmental and recreational parks. Many of the parks feature dog off-leash areas, exercise facilities, play equipment and skate ramps.
Bethania 4205
Market Conditions
8.7% median value growth in 1 year
The markets movement over the past year, paired with supportive driving data shows us there is good growth to come.
Decrease of -34.3% over the year DOM displays an increase in buyers sentiment
The fall in days on market (DOM) shows that market conditions are heating up which will result in market growth as demand increases.
-2.86% vendor discounting shows us an understanding of the market's performance
As properties begin to grow in value, vendors are realising the interest in the market and discounting less.
The current rental yield in the market is 5.63%
As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.
The number of new listings has increased by 29.7% in the last year.
The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.
Stock on market has increased by 20.8% over the last year
As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.
Economic Profile
Economic Development Strategy
Economically supporting projects
our suggested Property
12 Fairfax Avenue, Bethania, QLD, 4205
Property details
3
1
2
Asking Price
Target Price
Current Rent
Potential Yield
offers over $549,000
$550,000
$685 p/w
6.48% Gross
Where is this Property
Why is this a good option?
What should i know about this property?
Are there easements on the property?
No, there are no easements.
Easements are areas which need to be accessible by council or other similar authority figures. An easement could be related to sewage piping, gas lines or electrical works.
does the property fall in flood lines?
No, the property is not in flood lines.
Flood zones are caused by obvious causes. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments warrant higher insurance costs.
Is the property correclty zoned?
Land Use 1: Single Unit Dwelling Zoning: RESIDENTIAL A (ALBERT) (3460)
Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.
Are there any caveats on the property?
There are no found caveats on the property.
A caveat is a ruling or law attached to the property, usually with a contract attached to it. If this is the case, the caveat needs to be understood as to what it is, who it benefits and when or if it expires.
Are we satisfied with the property's title?
Yes, initial legal searches are disconcerting.
The initial property title search shows a number of legal details, namely the lender, registered owner, administrative advice and more.
Are all council costs paid to date?
There are no records of outstanding council cost.
Outstanding council costs can come form CDC or DA work that has been put in action on the property. It could also come from maintenance charges and similar services.
Is the property in adequate condition?
There aren't a lot of information online at the moment since the property is off market
In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.
What are the council rates for the property?
Approximately $3200 per year.
Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.
What are the landlord insurance cost?
Approximately $1200 per year
Landlord insurance is an compulsory free for the possession of a tenanted investment property.
how many days has this property been on market?
This property is off market
There are 3 types of listing stages:
- On-market, this is found on major portals
- Off-market, this is for sale, but with the listing agent only
- Pre-market, this has been presented to us outside of the public
None of these types of listing types define the quality of the property.
When was the property Built?
Year of build: 1980
The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depresiationg asset and can be reflective in the age of the property.
When are the lease renewal dates?
April 2022 and September 2021
Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will on be possible at the time the tenants lease period has come to an end.
Wheat are the lease rates associated?
$685/week
Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant.
What to expect
THE BREAKDOWN
All cost associated to the purchase, management and upkeep of the property are taken into account and shown here, along with the rental returns based on today's conditions. Net results are based on 1 year results and consider all costs including interest only rates but exclude personal tax rates. The data available to us gives us an understanding of how market conditions are affected. We can make assumptions for the property to grow in value for the remaining growth cycle period.
all funds associated
