If you’re looking for Brisbane’s next property hotspot – check out this week’s featured “Investment Property Buy of the Week.”
This week’s featured property is an amazing property investment opportunity that yielded a capital gain of $2,724,000 in 10 months recently. The smart buyer applied for Development Approval (DA) for 32 townhouses and placed it straight back on the market to realise an outstanding return on investment.
Brisbane Buyers’ Agency Feature Property of the Week
This property is a smart buy because of its:
- Located approximately 10 km from Brisbane CBD
- Close proximity to major shopping district, neighbourhood shops, schools, cafes and parks.
- Leafy suburb predominantly occupied by families
- Total land area – 14,763 m2
Value for money:
- The property had 2 large post-war dwellings returning a combined rent /holding income of $1,100 per week
- The following is my estimate of costs:
INITIAL ACQUISITION COST
Purchase price $2,350,000
Add for stamp duty and transfer fees $123,000
Total acquisition cost $2,473,000
DEVELOPMENT APPROVAL FOR 32 TOWNHOUSES
Local Authority fees and charges
Town planning fees
Vegetation and environmental report
Landscape concept report
Infrastructure assessment report
Traffic assessment report
Total costs $100,000
Sale Price $5,297,000
Less sales agent commission $ N/A (sold privately to developer)
Net sales amount $5,297,500
ESTIMATED CAPITAL GAIN WITHIN 10 MONTHS $2,724,000. This is based on net sale amount of $5,297,000 – ($2,473,000 + $100,000)
- Property investors
How do we know this is a smart buy?
We put this property through our proprietary property analytics tool, our Smart Buyers Index, which gives our clients the inside running on smart buys in Brisbane. We’ve developed it from our more than 20 years in the property industry working as a registered valuer, quantity surveyor and in sales. When you work with us that means you can tap straight into our experience and save yourself loads of time, money and frustration.
Would you like help with your next property investment in Brisbane?
As a property buyers agent based in Brisbane we are totally committed to helping you make a smart buying decision on your next property purchase. We act independently and only select homes that meet our strict ‘smart buying’ criteria.
Our clients’ regularly tell us they engaged us because they were frustrated, and at the end of their tether, looking for a property in Brisbane that suited them. They were sick of wasting their time at weekend open homes and in the evenings – time that could be better spent with their loved ones.
We’d love to help you make your next Brisbane property investment or home purchase.
How do we work with you?
At Brisbane Buyers Agency, we help our clients make smart property decisions as easily as possible. We have a proven process and are highly experienced negotiators who regularly save our clients money, time and frustration. Our proprietary property analytics tool, the Brisbane Buyers Agency Smart Buyers Index, gives our clients the inside running on the true Brisbane property hotspots. We work on a flat fee arrangement, we do not work on commission, so you know exactly what your costs will be.
FREE session: “Brisbane Property Buyers Strategy Session”
Imagine being crystal clear on what’s most important to you, so you buy the property that sets you up best financially and lifestyle-wise. Book a free strategy session with us where you will clarify your Buying Brief and get some insight into property opportunities available in Brisbane right now.
You will leave this session knowing exactly the type of property you need to help you grow a strong financial future and property portfolio.
To book your “Brisbane Property Buyers Strategy Session” register at the form to the right of this blog, call 0409 499 034 or email firstname.lastname@example.org