$2175 /week fully leased. 2024 Build Rooming House

This property or other similar established properties can be acquired by our Inner Circle membership. This property may be available or it may have been acquired by our client. Submit an enquiry to learn more.

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Suitable for following Buyer Brief

Strategy Type: Buy & Hold

Investment Hold Period: Minimum 5 years

End Goal: Passive Income + Wealth Building + Tax Savings

Active or Passive Investing: Passive with minimum maintenance and ongoing involvement

Acquisition Objective: Accumulate super cashflow properties in growth areas for easy hold and get some equity to buy another one in 3 years.

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Location Highlights

• Proximity to CBD and Airport: Approximately 15.7 km south of Brisbane's Central Business District.
• Shopping and Entertainment: Features local shopping centers offering a variety of retail stores and services.
• Educational Institutions: Hosts several schools, including primary and secondary institutions, catering to the educational needs of residents.
• Parks and Recreation: Offers parks and recreational facilities, providing spaces for outdoor activities and community engagement.
• Healthcare Facilities: Access to medical clinics and healthcare services within the suburb.
• Dining Options: Boasts a diverse culinary scene with various restaurants and cafes offering international and local cuisines.
• Public Transport: Well-connected through bus services and proximity to train stations, facilitating easy access to Brisbane and surrounding areas.
• Vacancy Rate: Information not readily available.
• Supply and Demand: Median house price is approximately $740,000, with an annual capital growth of 17.46%. Rental yields for houses are around 3.91%, with a median rent of $540 per week.
• Infrastructure Developments: Ongoing infrastructure projects enhancing transport and community facilities.
• Population: As of the 2021 census, the suburb had a population of 7,486 residents, with a median age of 34 years.
• Employment Hubs: Proximity to industrial areas and business centers provides employment opportunities for residents.

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Recommended Due Diligence

Building & pest inspections, Title search, Flood, Bushfire, Easements, Soil type, Water & sewer, Stormwater, Rooming compliance, Supply Demand stats review, Vacancy rates stats review, Contract review, Tenant agreement review.

Our Inner Circle membership includes Due Diligence, Search, Data Research, Strategy forming, and End to End Support.