Teena’s investment at 24 Hibiscus Road is a shining example of strategic property acquisition in a hot market. This property not only boasts impressive growth but also promises future potential—a testament to the value of informed investment choices.
Teena and her husband, a hardworking couple with a keen financial acumen, initially fell victim to property spruikers selling negatively geared house and land packages. Recognizing the pitfalls of negative gearing and the temporary nature of depreciation benefits, they sought our expertise for guidance.
With our support, Teena’s first investment property delivered an astounding 17% growth in less than three months, setting the stage for a promising investment journey ahead.
Prime Location:
Acquired for $410k, this 700 sqm land has proven its worth with a rental income of $480 per week, translating to a solid yield of 6.08%. With the possibility to add a granny flat at the back and recent zoning changes allowing for potential dual-unit development, the property is ripe with opportunities. Situated just 16 km from Perth CBD, it offers:
Proximity to Amenities: Walking distance to a lake, playgrounds, primary and secondary schools, and parks.
Connectivity: A 5-minute drive to the train station.
The Growth Corridor
Here’s why this property stands out as a growth corridor:
High Demand: A demand-supply ratio of 58 indicates strong demand, with more buyers than available properties.
Quick Sales: Properties here spend less than 52 days on the market, down from 79 days previously.
Limited Supply: Stock on the market is less than 1.13%.
Rental Appeal: Renters make up 29% of the population, with a vacancy rate under 0.17%.
Ready to Unlock Your Property Potential?
Until the next purchase—peace out!
