[THE VAULT] PROPERTY SHOWS JUST HOW GOOD THE BRISBANE MARKET IS
This week, we have dipped into the Vault to show you just how good the Brisbane property market is.
TOWNHOUSE BOUGHT FOR $159,000
We purchased this two-bedroom townhouse, located around 20kms from Brisbane’s CBD, for just $159,000. Comparable sales at the time were about $200,000.
This property not only boasted a below market value price tag, with a good upside for growth and good cash flow at $260 – $280 rent per week, it also offered a very low entry point into the Brisbane property market.
PURCHASED AT THE RIGHT STAGE OF THE MARKET
In 2009 the Brisbane market suffered a major dip after being heated for some time. We purchased this property amongst others at a time when the market was low but on its way up again. Fortunately, the market is only just starting to recover and still poised for a surge in values.
IMAGINE IF YOU HAD BOUGHT TEN OF THESE
If you had ten of these properties, you would have paid $1.6 million for $2 million worth of property. If all of those properties went up to $300,000, you would be making around $1 million to $1.5 million – nice!
INVESTING IS A CASE BY CASE PHENOMENON
Everyone has different goals, is in a different position and has different financing considerations. This makes it impossible to offer a one-size fits all approach.
It is essential to build the best team of professionals around you in order to make sure you are taking the right targeted approach. If you have a success team that work together with each other and with you to help you reach your goals, you will already be on your way to living the dream.
Have you purchased a property during the Brisbane market dip? Please share your experiences in the comments section below.