[THE VAULT] LOW ENTRY PRICE BRISBANE INVESTMENT PROPERTY
This one-bedroom apartment, located in a blue-collar suburb of Brisbane, was a low entry price Brisbane investment property. It was purchased in 2014 for the insanely low price of $110,000. No, it’s not a typo. It really was purchased for $110,000. Let’s enter the Vault for a closer look…
PURCHASED BELOW MARKET VALUE
Comparable sales at the time of purchase were around $150,000, making this deal a neat $40,000 below market value.
RENTAL YIELD OF 10%
With rent coming in at $210 a week, this property offers a nice cash flow for its owners.
Located just 25 kilometres from the CBD of Brisbane, this property has a strong upside for growth. In fact, Nathan saw so much value in it, he ended up purchasing a one-bedroom apartment from the same complex for $124,000.
This apartment is another example of the wealth of opportunity that currently exists in Australian real estate. To purchase an investment such as this, you would only need around $22,000 for a deposit – a low entry point compared with the Sydney market.
Have you ever negotiated a price as low as this? Please share your experiences in the comments section below.