Hi guys. Please see following property presentation, the property is on market and they have had offers in the low $500 000 range, the owners expectations are Mid $500 000’s. This is a set and forget property in good condition on a decent size block of land. The rental appraisal would be $450 per week.
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.
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.
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 Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.
The Moreton Bay Region is a diverse area, spanning more than 2,037 square kilometres and boasting everything from rural townships and urban centres to coastal villages and thriving business precincts.
Located between Brisbane City and the Sunshine Coast, Moreton Bay is one of Australia’s fastest growing urban regions with its population forecast to grow by over 40 percent to more than 645,000 by 2036.
Moreton Bay has a strong and connected community that enjoys the benefits of close proximity to the Brisbane CBD and a lifestyle that’s second to none.
The region offers some of South East Queensland’s premier waterfront locations, pristine environmental areas, vibrant entertainment options and thriving cultural and community hubs. Residents enjoy access to award-winning medical, commercial, leisure, entertainment and residential precincts.
The markets movement over the past year, paired with supportive driving data shows us there is good growth to come.
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.
As properties begin to grow in value, vendors are realising the interest in the market and discounting less and negotiations begin to tighten up.
A reduction in days on markets indicates that pent up demand is causing property in the areas to sell at vendors expectations, which empowers the local property economy.
The reduction of new listings tells us that vendors are realising the values of thier properties, and are therefore holding their assets.
As vendors begin to realise the markets potential, savvy owners are holding their properties to gain the value in the markets current and forthcoming growth.
Asking Price
Target Price
Potential Rent
Potential Yield
Mid $500,000’s
$540,000
$450 p/w
4.33% Gross
THERE ARE NO EASEMENTS ON THE PROPERTY
EASEMENT MAP
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.
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.
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.
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.
The initial property title search shows a number of legal details, namely the lender, registered owner, administrative advice and more.
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.
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.
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.
Landlord insurance is an compulsory free for the possession of a tenanted investment property.
There are 3 types of listing stages:
1. On-market, this is found on major portals
2. Off-market, this is for sale, but with the listing agent only
3. 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.
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.
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.
Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant.
