Investment Purchase - Alexandra Hills
Purpose of Purchase: Expat – Overseas Investor
Property Type: Single Story brick house on a 759sqm block of land
Budget:Below $600,000
Purchase Price: $590,000
Purchased on: May 2021
Yield and rental info:
Leased at $560/week
Rental yield on purchase of 4.93%
Based on last year of sales, Alexandra Hills has translated to a 29.4% capital gain.
How this purchase met the clients brief:
- Good growth area with reasonable rental yield
- 4 bedroom house targeting to rent for a stable income couple/family
This overseas investor was looking for a good location that will appreciate in value and decent rental yield property, expecting 4.5% – 5% rental yield. He has purchased an apartment as an investment however he would like to diversify his property portfolio.
The property has 4 decent size bedrooms with new carpet and new paint throughout the house. It also positioned in a whisper-quiet street and walking distance to scenic walking trails leading to parks and local bushland. The property is well maintained and require low maintenance. This client is very satisfied.
Contact Us
Phone: +61 4 25822629
Email: Hello@auspropertybuyer.com.au
2/24 Vanessa Boulevard, Springwood QLD 4127