A $499K Investment with 5.1% Yield & Huge Upside!

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

The property acquired in Metro Adelaide

*$499k purchase price. 602sqm land just 9km away from CBD

*The rental on the property is $490 per week keeping it at 5.1% yield

*The property can be setup as two Properties as a duplex each selling at $780k to $820k

*Similar properties in the area selling at $560k

*The area is still within 10km radius of CBD and 14mins from the beach.

*5mins away from primary and secondary school, football club and park

*2 mins drive to the shops and State’s best local school

*In the growth corridor 100%

This is investment property number 3 for the client who has done some data courses from my fellow industry leaders. The client is a small family of three and they are planning to build a resilient property portfolio. While they caught some short-term growth and some yield, the portfolio itself was about to hit the serviceability trap. We reassessed the portfolio, set it up so that the client remains the golden child to the bank. Before they came to us, there was no serviceability available to them. After our actions, they could acquire 3 more properties, first of three is basically the one we are discussing today. The client has made a perfect transition from first time investing to more experienced investing and on path to do bigger and better things.

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 59. That means demand is significantly higher than supply i.e., there are more people looking for properties than the available supply

*Days on market under 51 and steady over the last 24 months.

*Stock on market less than 0.81%

*Renters proportion 27.5%

*Vacancy rate under 0.37% and falling

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