[THE VAULT] 3BED TOWNHOUSE $180,000 NOW WORTH OVER $250,000 RENT $320 PER WEEK
This edition of the vault is yet another example of an investment property that is ideal for building a foundation portfolio. Not only does it tick all the boxes, the numbers practically speak for themselves.
TWO YEARS AGO…
In 2013, this 3-bedroom townhouse was purchased for $180,000. It is now worth more than $250,000. Currently, rent is being charged at around $320 per week.
BUYING IN A DEPRESSED MARKET
This townhouse is situated in a growth corridor on Queensland’s Gold Coast. At the time of purchase, the market was at a low. Nowadays, the boom is beginning to hit. Prices are predicted to rise and properties such as this one are being bought left, right and centre.
TICK, TICK, TICK
A perfect property to put in your foundation portfolio, this townhouse ticks all the boxes: it offers a good rental return, it was bought way under market value, it is low risk and it offers a good upside for growth.
Yet another timely purchase, this investment proves that following market cycles really does pay off.
Have you made good capital gains by purchasing in a depressed market? Please share your experiences in the comments section below.