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 #12 – 14th Sept 2015

Address: 47 Tulip St, Yamanto, QLD, 4305

Property Type: 5 Bedroom, 2 Bathroom, 3 Car House

Land Size: 1121sqm

Listing: http://www.realestate.com.au/property-house-qld-yamanto-118545563

Estimated Market Value: $474,000 (sign up below to get the full valuation report)

Listed Price: $449,000 (reduced)

Rental Return: $480 per week (currently tenanted)

Affordability: Positive cash-flow by $17/wk to own (calculated for an investor with an income of $50k/yr).

The Verdict

If you’ve been with us a while, thank you! I’m happy to say this property has been worth the wait. It hits all the buttons, including capital growth, a discount below market value, positive cash-flow, AND future development potential…

High capital growth potential

The Ipswich corridor is now well-known as a growth region. Prices rose strongly in the five years to 2009 (before tapering off), giving the suburbs of Ipswich City the strongest capital growth averages in the Greater Brisbane region.

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.

Discount!

This property has been listed at $449,000 by a motivated Vendor. The estimated market value of the property is $474,000 (sign up below to get the full valuation report) which potentially puts you $25,000 in front from day 1. A skilled negotiator could almost certainly pay even less.

Positive Cash-Flow

The Cash-flow analysis (see full report) estimates that this property will be cash-flow positive by $17 per week. So it will cost nothing to own and put $17 in your pocket each week after all expenses. A lack of cash-flow in your household will keep you from investing in some properties, but not this one!

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 (1121sqm) 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 Ipswich City Region as a growth area
  • Links to the resources we’ve used for our research