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.

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Property of the Week #19 – 2nd Nov 2015

Address: 5 Nimerette Street, Bellbird Park, QLD 4300

Area: Ipswich City Region

Property Type: 3 Bedroom, 1 Bathroom, 2 Car House

Land Size: 1,616sqm

Listing: http://www.allhomes.com.au/ah/qld/sale-residential/5-nimerette-street-bellbird-park-ipswich-city/1316913171711

Estimated Market Value: $335,000 (sign up below to get the full valuation report)

Listed Price: $322,000

Rental Return: $350 – $370 per week according to agent  (5.6% yield)

Affordability: $6/wk to own (calculated for an investor with an income of $50k/yr).

The Verdict

This property represents what I call a “Triple-Whammy-Deal” – a property that represents high capital growth potential AND a discount below market value to create instant equity AND future development potential to add value and manufacture your own capital growth down the track.

High capital growth potential

The future prospects for the Ipswich Region are rosy indeed – A Federal Government report has predicted Ipswich will become the fastest growing region for population and jobs in South East Queensland. The Department of Infrastructure and Transport report forecast that 56,000 jobs will be created in Ipswich’s central suburbs by 2026.

Australia’s leading property researcher and Director of Hotspotting.com.au, Terry Ryder, has a clear view on the area.

“Ipswich has shown strong growth in the past but we believe its evolution into a headline hotspot of national standing will continue well into the future.  There remain many suburbs that are attractively affordable for first home buyers and investors on a budget. Three Ipswich suburbs (Redbank Plains, Collingwood Park and Bellbird Park) were rated in the top 100 family friendly locations in Australia in a report delivered by RP Data in March 2014.”

Discount

This property has been listed for $322,000. The estimated market value of the property is $335,000 (sign up below to get the full valuation report) which potentially puts you $13,000 in front from day 1.

Renovation or development potential

In our industry this type of property deal is affectionately known as a “chunk deal” – in other words, it is a good investment property “as-is” and can be rented out immediately. But it’s also situated on a large 1,616sqm 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 Ipswich City Region as a growth area
  • Links to the resources we’ve used for our research