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.

Sign up to the club to get the full report each week.

Property of the Week #18 – 26th Oct 2015

Address: 59 Bougainville Street, Beenleigh, QLD 4207

Area: Logan City Region (between Brisbane and the Gold Coast)

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

Land Size: 809sqm

Listing: http://www.domain.com.au/59-bougainville-st-beenleigh-qld-4207-2012291438

Estimated Market Value: $339,000 (sign up below to get the full valuation report)

Listed Price: $298,000

Rental Return: Currently tenanted at $295 per week  (5.1% yield)

Affordability: $21/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

Logan City is appealing from an investment point of view because it provides a key combination of affordability and excellent facilities. Research over time shows that Jobs + Infrastructure + Affordability + Rising Sales Volumes = Price Growth, and Logan City has all four of these factors well and truly covered.

Australia’s leading property researcher and Director of Hotspotting.com.au, Terry Ryder, reports that Logan City has more suburbs with rising sales activity than any other Local Government Area in Australia.

Discount

This property has been listed for $298,000. The estimated market value of the property is $339,000 (sign up below to get the full valuation report) which potentially puts you $41,000 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 809sqm 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 Logan City Region as a growth area
  • Links to the resources we’ve used for our research