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 #21 – 16th Nov 2015

Address: Unit 4, 7 Henry Street, Redcliffe, QLD 4020

Area: Redcliffe Peninsula – Moreton Bay Region

Property Type: 2 Bedroom, 1 Bathroom, 1 Car Unit

Land Size: 310sqm

Listing: http://www.realestate.com.au/property-unit-qld-redcliffe-120522349

Estimated Market Value: $287,000 (sign up below to get the full valuation report)

Listed Price: Reduced to $249,000

Rental Return: $265 – $285 per week according to agent  (5.5% yield)

Affordability: $11/wk positive cash-flow (calculated for an investor with an income of $50k/yr).

The Verdict

This property represents what I would call a “Cheapie with Potential” – it is available for you to purchase at a discount below market value to create instant equity, it has a good rental yield providing positive cash-flow and it is in an area that is showing all the right signs of good capital growth potential.

Discount

This property has been listed at $249,000. The estimated market value of the property is $287,000 (sign up below to get the full valuation report) which potentially puts you $38,000 in front from day 1.

Positive Cash-Flow

The Cash-flow analysis (see full report) estimates that this property will be cash-flow positive by $11 per week. So it will cost nothing to own and put $11 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!

Keep in mind though that the positive cash-flow (in this case $11/wk) is NOT what makes you wealthy. The growth in value of the property does.

High capital growth potential

Here’s what Australia’s leading property researcher and Director of Hotspotting.com.au, Terry Ryder, says about this area…

“The Moreton Bay region is the third largest local government area in Australia and one of the fastest growing areas in the country with the population set to exceed 500,000 by 2031.

It is worth noting the growth of nearby North Lakes over the last decade, on the fringe of the Redcliffe Peninsula. As more people come to live in North Lakes, the list of amenities (including a private hospital, medical facilities, vet services, retirement village, a TAFE Skills Tech facility and $45 million community hub) continues to grow.

North Lakes has helped to lift the appeal of the Redcliffe Peninsula suburbs by improving the lifestyle and amenities of the area.”

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 Redcliffe Peninsula – Moreton Bay Region as a growth area
  • Links to the resources we’ve used for our research