Investment Purchase - Coorparoo
Purpose of Purchase: Expat – Investor
Property Type: Two levels home accommodate the largest of families. Each level has three bedrooms plus cinema room downstairs and a generous swimming pool
Budget:$1mil – $1.1mil
Purchase Price: $995,000
Purchased on: Apr 2021
Yield and rental info:
Currently on a lease at $800/week
Rental yield on purchase of 4.18%
Based on last year of sales, Coorparoo has translates to a 43.4% capital gain.
How this purchase met the clients brief:
- Criteria was set on buying a house in suburb within 20 minutes to CBD
- Under client’s budget
- Good growth area with reasonable rental yield
- Huge family home for his extended family
This client is planning to relocate to Brisbane in a few years and would like to rent out the property while they are still overseas. He had tried to make a couple of offers and decided to engage someone who is trustworthy and experienced that could find him a family home to reside in.
He was originally looking for a house on a big block of land to build extra bedrooms for his extended family, however we found him this 6 bedrooms house which was perfectly set on his purpose.
The property is in a prime location of Coorparoo, close to Camp Hill Marketplace and different dining options as well as the walking trails and recreation areas of Whites Hill reserve.
Contact Us
Phone: +61 4 25822629
Email: Hello@auspropertybuyer.com.au
2/24 Vanessa Boulevard, Springwood QLD 4127