If you’re looking for positive cash flow and long term growth then you should probably check out Logan City.
Situated in the South East Queensland growth corridor and linking Brisbane City to Gold Coast City, Logan is driven by an array of affordable suburbs with good road and rail links, proximity to jobs nodes, abundance of schools, ample shopping options, and strong prospects for future growth.
For the past few years Logan City been the clear market leader in the Brisbane metropolitan area, having more suburbs with rising sales activity than any other LGA within Australia.
Below is a cash flow positive 4 bedroom home we’ve source in the excellent Bishampton Estate in Logan.
A fixed price, turn-key, cash flow positive 4 bedroom property located in the Bishampton Estate in Logan, QLD.
Here’s how the numbers look;
Purchase Details | |
House Price: | $223,500 [183 sqm] |
Land Price: | $215,000 [439 sqm] |
TOTAL PRICE: | $438,500 |
Rental Details | |
Rent: | $440 pw [5.22% yield] |
CASH FLOW: | +$116 pw* [$6,032 pa] |
Investment Return | |
10 Yr IRR | 47.13% [pre-tax return on all money invested over 10 yrs] |
1 Yr RETURN | $38,919 [$6,032 rent + $32,887 capital growth] |
*based on borrowing 90% of purchase costs at a rate of 4.25% with tax credits calculated using an annual income of $80,000.
This property is cash flow positive $116/week [$6,032 pa] in the first year.
In total, including capital growth, there is a potential to make ~$39K after just one year.
To purchase this property, you will need approximately $65-105K in available equity or cash [depending on your loan size]
South-East Queensland ‘growth corridor’ showing the location of Logan City
Bishampton Estate is a brand new contemporary land development located in the heart of one of the fastest growing regions of South East Queensland. The Estate is just 25 minutes from the Brisbane CBD and 35 minutes from the Gold Coast and benefits from an address that is conveniently situated close to local shops, schools, transport and amenities.
Logan City, which borders the Gold Coast to the south and Brisbane City to the north, has led the revival of Greater Brisbane markets in recent times. Almost $400 million of new infrastructure is currently under construction, planned or recently completed within the Logan LGA which will be needed to support the strong population growth and almost 23,000 new jobs projected for the Logan LGA over the next 20 years.
The residential vacancy rate across Logan City are at 2 per cent indicating almost full occupancy, with rental yields for houses remaining solid at around 5 per cent over the last two years.
As confidence in the area increases, along with population growth and employment, it is expected that the median price within the Logan LGA will continue to increase for many years.
Property powerhouse John McGrath says there’s only one place in all of Australasia to be buying real estate right now – and that’s in South-East Queensland. To read why he and many other experts are so keen on SEQ click here
We’ll provide you with all of the details you need to make an informed investment decision. This includes a detailed Property Investment Analysis [PIA] report, property brochure, site plan, inclusions list, a rental and sales appraisal from local real estate agents, area research reports and any other relevant supporting information.
To secure this property you will need to complete a simple Expression of Interest [EOI] form and pay a refundable holding deposit [usually $1,000]. Your offer is also subject to finance and is not binding should you not be able to get finance approval.
Unlike other property groups out there we don’t develop and sell our own property, instead we go to great lengths to ensure the properties and areas we recommend have the greatest chance of out-performing the broader market. That’s why we avoid inner city apartments, projects where there are too many investors, and areas that are reliant upon one industry, such as mining towns!
Instead we’ve built up a strong network of developers and builders around Australia and work hard to find you the right type of property in carefully selected hotspots which display the core fundamentals of high employment, infrastructure spend and population growth.
We only work with reputable builders who get the job done, so build times are less than 180 days. The properties are also 100% turn-key and ready for tenants to immediately occupy – standard inclusions are; air-conditioning, blinds, security screens, full landscaping, fences, antennas and letterbox. All council fees and charges [soil test and engineering] are covered by the builder and you get a 12-month maintenance period [for any defects] and a 20-year structural guarantee. There’s no hidden costs, surprises or extras for you to organise. We can also help you find an excellent local property manager and arrange to have a full depreciation schedule completed at the end of the build.
Since the Sydney and Melbourne property markets have peaked, SEQ has been getting more attention in the media – so the word is getting out… What this means is overall there is less stock available and the uptake is fast with many properties selling within a few weeks of being released. So if you are interested in any of the deals we send through please contact us immediately so we can put a temporary hold on them for you.
The above information and service is provided by Urbantech Property Pty Ltd [ABN: 65 127 477 490] trading as Real Investar. Real Investar is the provider of generalised property investment education and advice, not financial advice or credit advice.
Cheers,
Sam
Real Investar | Urbantech Group
PS. Why are we promoting property in SEQ?? – we explain here
PPS. We recently highlighted some high yielding affordable property investment opportunities in the local Adelaide market – you can view them here