[THE VAULT] BRISBANE INVESTMENT PROPERTY BOUGHT IN 2017 FOR $124,500
You may well think this is bullshit – but, it’s not! Let’s take a closer look at this Brisbane investment property.
THE NUMBERS STACK UP!
We purchased this one-bedroom property in Brisbane for less than $125,000.
It rents at around $240 per week.
The entry price is small. A 20% deposit at this purchase price is only $25,000.
Other one bedroom apartments in the area typically sell at around $150,000 to $160,000.
LESS THAN WHOLESALE PRICE
This one was picked up for around $30,000 under market value. The purchase price is so low that it would cost more to build the same property.
LOCATION, LOCATION, LOCATION
This apartment is located around 20kms from the CBD of Brisbane. Nathan says, there is a lot of activity happening in this particular market. He expects to see a lot of growth over the next couple of years.
There’s really nothing much else to say – it is clearly an amazing deal!
Have you purchased for less than $200,000 in the past year? Please share your experiences in the comments section below.