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 #11 – 7th Sept 2015

Address: 17 Rosewood St, Daisy Hill, QLD, 4127

Property Type: 4 Bedroom, 2 Bathroom, 3 Car House

Land Size: 876sqm

Listing: http://www.domain.com.au/for-sale/17-rosewood-street-daisy-hill-qld4127-2012225173

Estimated Market Value: $519,000 (sign up below to get the full valuation report)

Listed Price: $499,000

Rental Return: $520 per week

Affordability: Costs $21/wk to own (calculated for an investor with an income of $50k/yr).

The Verdict

This strategy for this property centres on capital growth, a discount below market value, and future development potential…

High capital growth potential

The Logan City area has more suburbs with rising sales activity than any other Local Government Area in Australia. 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.

Discount!

I just finished saying (last week) that the right property isn’t always the one “on special” and up pops a potential $20k discount!

This property has been listed at $499,000 by a motivated Vendor. The estimated market value of the property is $519,000 (sign up below to get the full valuation report) which potentially puts you $20,000 in front from day 1. A skilled negotiator could almost certainly pay even less.

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 (876sqm) 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 the Logan City Region as a growth area
  • Links to the resources we’ve used for our research