Purchase of a medium spec property with a focus of cash flow and growth to eventually result in replacing income at a rate of 1 property per year. As a high income earning professional, growth is considered especially important for the property being purchased. Ryan’s serviceability would allow him to release equity for subsequent purchases relatively easily. The ideal market would be located within reach or metro areas or major regional cities in Queensland.
It’s with great pleasure to present
The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. In the last quarter the market has risen 3.4% and will continue to.
The fall in days on market (DOM) shows that market conditions are heating up which will result in market growth as demand increases.
As properties begin to grow in value, vendors are realising the interest in the market and discounting less.
As we are looking for a possitively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.
The reduction of new listings tells us that vendors are realising the values of thier properties, and are therefore holding their assets.
As vendors begin to realise the markets potential, savvy owners are holding thier properties to gain the value in the markets current and forthcoming growth.
Asking Price
Market Value
Potential Rent
Potential Yield
$629,000
$620K – $680K
$750 p/w
6.2% Gross