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Investment purchase in blue chip suburb of BRISBANE

North Brisbane, 4km to CBD

221Unit

Current price $720,000
Purchased price $650,000
Purchased when 2024-03-01
Rental price $670
Gross rental yield 5.36%

This unit was purchased for clients who live outside of Queensland. They were looking for a property to rent out for a few years, and then move in and use it as their residential property. The clients want the property to be located in a blue-chip area, have potential for capital growth, and have decent cash flow.

This property is situated on a peaceful and charming street in north Brisbane and has been beautifully renovated, boasting an elegant appearance.  A similar property on the same block was sold for $685,000 and is now valued at over $720,000. It is close to Racecourse Road, the airport, and is 4km from the Brisbane CBD. The Median house price in the suburb over the last year is around $2,315,000.

Latest update: 08/2024