19 Cronin Street Morayfield, QLD
Dear Andy,
Thanks for your patience with us. Please see the following property presentation, at the bottom of the presentation you will see a video which explains to you each area of the presentation should you not be sure about anything, we are able to secure this property for $515 000 and tenants are currently in place for $600 per week. This provides you with the perfect amount of rental yield and future growth, allowing you to leverage into subsequent properties, please go through the below and come back to us with any questions, if it is something you are happy with, we will then arrange a walkthrough presentation for you.
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
Fraser Coast region
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.
Morayfield 4506
Market Conditions
15.2% median market growth in 1 year
The markets movement over the past year, paired with supportive driving data shows us there is good growth to come.
The current rental yield in the market is 5.10%
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.
-2.74% 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 and negotiations begin to tighten up.
Days on market have reduced since June 2020 by -48.8% to 21 days.
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 number of new listings has increased by 12.7% 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 10.7% 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.
Market Performance Over 1 YeaR
Economic Development Action Plan
Regional Economic Development Strategy
Economic Forecast
The region is home to leading manufacturers in construction, machinery, agribusiness and beyond. Moreton Bay currently provides access to local jobs for 66% of working residents.
Economically influencing projects
OUR SUGGESTED PROPERTY
19 Cronin Street Morayfield, QLD, 4506
Property details
4
2
6
Asking Price
Market Value
Current Rent
Potential Yield
$535,000
$530,000
$600 p/w
5.83% Gross
Where is this Property
Why is this a good option?
What should i know about this property?
Are there easements on the property?
1 easement along the back garden.
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 does not fall within 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?
To be updated.
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?
Yes, the listing agent feels the photos represent and display fairly.
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 $3,000
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 $1,200 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 was listed on 3rd June 2021
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?
Property was built in 2018.
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?
Unit 1 is periodic
Unit 2 has just signed a 12 months lease
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.
What are the lease rates associated?
$600 pw combined
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
