Every day I search the Brisbane property market for good investment properties for my clients.
Every Monday I send one out for free to give you an insight into how an investor finds and assesses properties.
Property of the Week #27 – 11th Jan, 2016
Address: 27 Missouri Way, Oxenford, QLD 4210
Area: Northern Gold Coast Region
Property Type: 4 Bedroom, 2 Bathroom, 2 Car House
Land Size: 1100sqm
Estimated Market Value: $536,000 (sign up below to get the full valuation report)
Listed Price: $499,000
Rental Return: $520 – $540 per week according to agent (5.4% yield)
Affordability: Cash-flow positive by $10/wk (calculated for an investor with an income of $50k/yr).
This property represents what I call a “Triple-Whammy”. It has high capital growth potential, a discount below market value to create instant equity and future development potential.
High capital growth potential
Here’s what Australia’s leading property researcher and Director of Hotspotting.com.au, Terry Ryder, says about the Northern Gold Coast Region…
“For a long time, Hotspotting has avoided recommending the Gold Coast because of its poor track record on capital growth and its boom-bust history (soon to be fuelled by another major oversupply of high rise apartments).
But the Gold Coast cannot be ignored – billions are being spent on infrastructure and major developments, and vacancy rates are extremely low. There will be price growth, especially in the genuine residential suburbs.
We recommend that investors on the Gold Coast concentrate on the genuine residential suburbs inland and in the growth corridor heading north towards Brisbane, where suburbs like Oxenford, Ormeau, Coomera and Pimpama all have rising markets.”
This property has been listed at $536,000 negotiable. The estimated market value of the property is $499,000 (sign up below to get the full valuation report) which potentially puts you $37,000 in front from day 1.
With a rental yield of around 5.4% this property provides a good return, allowing you to hold the property for no cost while it grows in value. Our cash-flow analysis estimates that this property will be cash-flow positive by around $10 per week.
Future Development Potential
As a bonus, this property also provides potential to add value and manufacture your own growth in the future because it is situated on a large block that has the potential to be subdivided or developed (subject to Council approval of course).
Get the full details, analysis, and research…
Join the Property of the Week Club to get the full report on this property. It includes:
- The valuation report
- The rental appraisal
- Cost calculations for an investor earning $50k p.a.
- Profile of the Northern Gold Coast Region as a growth area
- Links to the resources we’ve used for our research