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 #15 – 5th Oct 2015

Address: 35 Howlett Rd, Capalaba, QLD, 4157

Area: Brisbane Southside

Property Type: 4 Bedroom, 2 Bathroom House

Land Size: 808sqm

Listing: http://www.homely.com.au/capalaba-redland-brisbane-queensland/listingdetails/1350646

Estimated Market Value: $463,000 (sign up below to get the full valuation report)

Listed Price: $420,000

Rental Return: $420 to $440 per week (according to agent)

Affordability: $12/wk to own (calculated for an investor with an income of $50k/yr).

The Verdict

High capital growth potential, a discount below market value, and future development potential mean three thumbs up for this property.

Discount

This property has been listed for $420,000 by a motivated Vendor. The estimated market value of the property is $463,000 (sign up below to get the full valuation report) which potentially puts you $43,000 in front from day 1.

High capital growth potential

The Brisbane City Council area south of the CBD has become the most active precinct in the Brisbane metropolitan area. There is a heightened level of buying activity, both from home-buyers and investors, and properties are selling quickly.

Brisbane’s property market recovery, in terms of rising sales volumes, began in the middle-ring suburbs north of the CBD  (the Brisbane Northside precinct) and this has translated into double-digit growth in median prices in many of the Brisbane Northside suburbs.

More recently, the focus has switched to the south. A year or so ago, Logan City (which covers the urban landscape between Brisbane City and Gold Coast City) began to rise. Then in the June Quarter Brisbane Southside surged and is now level with Logan City in terms of growth suburbs.

Future renovation or development potential

This is a good investment property as is, and can be rented out immediately. But it also provides potential to add value in the future because it is situated on a large block (808sqm) that has the potential to be subdivided or developed later on.

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 Brisbane Southside as a growth area
  • Links to the resources we’ve used for our research