Dear Michael and Charlotte,
Hope you are both doing well. Please see the following presentation, at the bottom of this presentation you will see a video which will be me talking you through the presentation, I suggest you go through that video first, then go through the presentation in detail in your own time
This property is off market, it is a secondary dwelling property, which means you have 2 tenants living on either side, and currently has tenants in place returning you above 6% rental yield, which is extremely uncommon in this area. As the property was built only 5 years ago you will also benefit from depreciation.
The suburb has only 15% renters, which ensures high levels of residents who are house proud, and a higher demographic. Hervey bay is going through a record amount of infrastructure, which creates for jobs and demand. Our data is pointing us towards Hervey Bay as it will be the next Sunshine Coast.
It’s with great pleasure to present
The Fraser Coast Regional Council area is located in the Wide Bay Burnett Region of south-east Queensland, about 250 kilometres north of the Brisbane CBD. The Fraser Coast Regional Council area is bounded by the Coral Sea in the north and east, the Gympie Regional Council area in the south, and the North Burnett Regional Council area and the Bundaberg Regional Council area in the west.
The Fraser Coast Regional Council area is served by the Bruce Highway, Fraser Coast Airport (Hervey Bay and Maryborough) and the Tilt Train.
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.
$685 pw combined
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.
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.
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.
There are 3 types of listing stages:
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.