Brisbane Case Study - Inner Ring Property Purchase

By
Key details:

Price: $900k-$1m range
Rental Return: $700-$800/week
Location: Blue chip suburb 5km to Brisbane CBD


Purchase Details:

These Sydney based investors were focused on securing a house in a premium suburb with excellent capital growth prospects. They wanted something that was immediately rentable with no work to be done and that would appeal to a wide range of tenants.

I secured this property within the first week of listing in a multiple offer situation by negotiating with excellent terms and conditions that suited the sellers perfectly. This house is 5 bedrooms, 2 bathrooms, immaculately renovated and is well located near a train station, shops, parks and good schools.

Comments

Post a Comment

Popular posts from this blog

Should You Invest for Positive Cashflow or Capital Growth?

By Post a Comment
Image
This is a question that many property investors ask themselves when considering their investment strategy. Countless articles and books have been written on the subject, each with a slightly different perspective. There are a couple of factors to consider but first let’s take a look at the differences between the two approaches: Positive Cashflow Strategy: A lot of people don’t realise that there are significant costs associated with purchasing and maintaining an investment property; mortgage payments, building and landlord insurance, repairs and maintenance, leasing and advertising fees, property management fees, utility charges, council rates, additional tax return fees and sometimes you also have company/trust fees and land taxes. In most cases, especially in the initial stages of ownership, the vast majority (if not all!) of your rental income will go towards covering these costs. The main goal of a positive cashflow strategy is to ensure that the income from your p...
Read more

Why You Should Never Buy Lotto Tickets!

By Post a Comment
Image
A tempting way for many people to try and get rich is to buy a lotto ticket each week, hoping to strike a lucky jackpot and catapult themselves to financial freedom. This is a poor approach and there is a much better alternative with which you can guarantee a win!  The chances of  winning lotto in Australia are 1 in 29 million!! (averaged across the top 5 weekly lotteries). Needless to say this is highly unlikely…. Let’s assume a 25 year old decides to buy a lotto ticket every week until they retire at 65. If they spent $20 a week, after 40 years they will have spent $41,600 in total (not taking inflation into account).  Despite buying over 2,000 tickets in this time, their chances of winning anything significant are still incredibly small.  As an alternative, let’s assume they invest $20 per week in a low-fee index fund or dividend paying share portfolio, returning 7% per annum (compounded monthly).  After 40 years, their shares would be worth $22...
Read more

The 3 Key Habits to Become a Successful Investor and Grow Your Wealth

By Post a Comment
Image
There are 3 key habits you need to begin your investment journey and grow your personal wealth. They are an important first step to get started in property or other investments and to monitor your progress. I have adopted these habits over a number of years and continue to regularly review my own personal financial situation. 1) Spend Less Than You Earn Unfortunately you can’t invest if you don’t have any money! You will need to save up and there is really only one way to do this – you need to earn more money than you spend on a regular basis.   Once you have excess funds available, you can allocate these to your chosen investments. 2) Track Your Monthly Expenses If you are struggling with Step 1), then Step 2) is the best way to take control of your finances and see where your money is going each month. Categorize your spending into simple groups (e.g. rent/mortgage, supermarket, eating and drinking out, entertainment, holidays, sport and fitness, other person...
Read more