[THE VAULT] BARGAIN INVESTMENT PROPERTY IN A PREMIUM SUBURB
This week on The Vault we look at a two-bedroom bargain investment property that has delivered nice capital growth while maintaining a consistent cash flow.
PURCHASED IN A PREMIUM SUBURB FOR $159,000
When this apartment was purchased in 2013, when comparable sales were between $180,000 to $190,000. Binvested Property Investment Agents picked up this two-bedroom flat, located on Queensland’s Gold Coast, for just $159,000.
At the time of purchase, rent was coming in at $280 per week.
IT MADE AROUND $100,000 IN CAPITAL OVER TWO YEARS
At the time of filming, this flat was worth around $250,000, with rent coming in at $300 per week.
While growth has already been substantial, it is far from over yet. The Queensland market has only just begun a market boom, with prices expected to rise even more.
It will be interesting to see the results of this property once the Queensland boom cycle is in full swing.
Have you experienced good growth in the Queensland market? Please share your experiences in the comments section below.