Please see the following property presentation.
The property is off market and they are asking High $300 000’s. We would be able to achieve mid $400 per week rent. So if we go off a $380 000 purchase and achieve $440 per week rent, that’s a 6%+ yield.
The house has just gone through a major renovation and everything is brand new, ensuring you can also claim depreciation. The property is located 30 minutes from Brisbane CBD and 40 minutes from Gold Coast, 5 minutes to a major hospital, major university and major shopping district. With easy access to the freeway and express train line into the city, there is plenty of value in market currently. The area is going through major gentrification as we speak, many of the streets which have high levels of government housing are now being sold to the public, meaning those who are living in government housing will be forced to move further away while the suburbs closer in go through gentrification.
It’s with great pleasure to present
Logan is home to more than 327,000 people from more than 217 different cultures.
It 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.
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.
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.