The Brisbane Property Market Update: July 2013 is opinion and not advice. People should seek their own professional advice on the subject being discussed “Prediction is hard, especially about the future” – Niels Bohr
What does a Buyers Advocate do? Represent the buyer and their best interests in a property transaction
Excellent quality 3 bedroom, 2 bath, 2 car, townhouse in walking distance to ‘everything’ $407,500 purchase $450/wk rent = 5.7% yield 8.7k from the CBD, major activity centre in the town plan Excellent walkability
A two year old freehold town home with it’s own street frontage $447,000 purchase $165,000 land value $520/wk rent = 6.0% yield 6.1k from the CBD Short walk to dedicated bus way
High land content with development upside + strong income $367,000 purchase $270,000 land value (74% land content) $400/wk rent potential = 5.7% yield 11.3k from the CBD, improving suburb
Three townhouses on one title, sold for 890k in 2005 Strata potential Ability to raise rents to market and 7% gross yield of purchase price Cosmetically in good condition One set of rates and insurance for the building
Three flats on one title in a blue chip suburb 4k from the CBD. $630,000 purchase $425,000 land value (67% land content) $670/wk rent = 5.5% yield 4k from the CBD, blue chip suburb with homes priced in the 1 and 2 million plus range in the same pocket.