Brisbane Investment - Tarrangindi
MARCH 2019Solid, Blue Chip Investment
CLIENT BRIEF
Budget: $750,000
THE RESULTS
Purchase Price: $705,000
Rental Yield Achieved: $635/week (4.68% gross yield)
THE OPPORTUNITY
Property Summary: The property comprised a semi modern 80’s brick and tile roof dwelling providing a good standard of 3 bedroom, 1 bathroom accommodation with a tandem lockup garage, double carport, covered outdoor living space and was situated on a 569sqm allotment.
Location: Tarragindi is a south-side suburb located 6kms from the Brisbane CBD. There are many renovations and new builds that have occurred over the past 10 years as the area has been constantly gentrifying and it should continue to do so in the future. Geographically, the area has excellent access to the M1 Motorway which connects into the Brisbane CBD as well as the Gold Coast.
THE CLIENT OUTCOME – A SUCCESSFUL INVESTMENT
The clients were a young professional couple based in Roma that engaged us to source and secure them their first investment property in Brisbane. After 2 months of searching we managed to find them an off-market opportunity in Tarragindi. We secured the property for them and then was able to start looking for a tenant prior to settlement. The clients were really happy with what they purchased.
Were able to provide us with services tailored to our specific needs and were very efficient in doing so. Very helpful. They made the whole process stress free and simple.
Appreciate all the PMC teams hard work.