[THE VAULT] GOLD COAST VILLA BOUGHT $40K BELOW MARKET VALUE
This three bedroom Gold Coast villa was purchased on for approximately $40,000 under market value – another cracker from the Vault.
IT TICKS ALL THE BOXES
With a good rental return of $350 per week, this property brings in a nice cash flow against its purchase price of $220,000. The building is modern and has depreciation, it is located in a good growth area and was purchased well below its market value of $260,000.
In 2009, at a time when interest rates were high and rental returns were low, villas such as this one were selling for $350,000. Nowadays, the market is on an upward trend once more. This villa was snatched up at just the right time. It pays to follow the market and identify when troughs are just starting to turn into peaks again!
Have you been following a particular market over the course of your investing? Has it paid off for you? Please share your experiences in the comments section below.=