5.4% Yield & Huge Upside – A Winning Investment Move!

*PURCHASE OF THE WEEK* celebrating what our client has achieved again in this crazy Market!!

The property acquired in Metro Adelaide

*$448k purchase price. 737sqm land with high density zone a three-unit site

*The rental on the property is $460 per week keeping it at 5.4% yield

*The property can be set up as three Properties.

*Similar properties in the area selling at $530k

*The area is still within 22km radius of CBD and 6mins from the beach.

*Walking distance to school primary and secondary school, football club, and park

*2 mins drive to the train station

*In the growth corridor 100%

This is property number 1 for the client in literally six months. We locked the property in at $450k and negotiated a further $2k discount post the building and pest inspection. Negotiating a property down specially when there is over 8 offers on the property is a worth-mentioning achievement .

Now let’s try to understand why we think this is a growth corridor, let’s see some high-level data 

*Demand supply ratio of 62. That means demand is significantly higher than supply i.e., there are more people looking for properties than the available supply

*Days on the market under 46. Coming off from 102 days previously

*Stock on the market less than 0.53%

*Renters proportion 28%

*Vacancy rate under 0.34% and falling

If you are a passionate property investor, then let’s chat property. Until the next purchase. Peace out!!