Yes it’s possible, as long as you buy the right property in the right area.
Below is one of those properties – this hand-picked dual income house & land package is located in Ipswich, which is part of the exciting south-east Queensland region.
It provides positive cash flow, capital growth and the potential for an instant equity uplift…
A fixed price turn-key dual income property located in the suburb of Ipswich in the greater Brisbane area.
This cash flow positive 3+3 Duplex [6br/4b/2c] comes on one title, and can be subdivided after settlement into two separately titled properties giving you an instant equity uplift.
Here’s how the numbers look;
Purchase Details | |
House Price: | $396,620 [271 sqm] |
Land Price: | $190,000 [721 sqm] |
TOTAL PRICE: | $586,620 [includes titling fees] |
Rental Details | |
Rent: | $580-620 pw [5.14 – 5.50% yield] |
CASH FLOW: | +$262 pw* |
Re-Titling Details | |
Titling Fees: | Included in purchase price |
Property 1 Value: | $310,000 – $330,000 |
Property 2 Value: | $310,000 – $330,000 |
TOTAL NEW VALUE: | $620,000 – $660,000 |
EQUITY UPLIFT: | $33,380 – $73,380 |
*based on borrowing 100% of purchase costs at a rate of 4.25% with tax credits calculated using an annual income of $75,000.
This property is cash flow positive $262/week in the first year, plus you get a $33-73K equity uplift after re-titling.
To purchase this property, you will need approximately $88-147K in available equity or cash [depending on your loan size]
Ipswich is located in the south-west of the Brisbane metropolitan area in South-East Queensland [SEQ]. It is one of Australia’s fastest growing cities with population growth of 4.6% per annum. It’s also the cheapest precinct in the greater Brisbane area.
Strong market fundamentals including ongoing job creation and high infrastructure spend coupled with excellent affordability and an undersupply of new land underpins the future capital growth of this area.
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 on-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 apartments, projects where there are too many investors, and areas that are reliant upon one industry, such as mining towns. We’ve built up a strong network of developers and builders around Australia and have worked hard to source these properties.
We only work with reputable builders who get the job done, so build times are usually 180 days or less. 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 pretty fast – many properties sell within 1-2 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. We recently wrote a detailed article on why we [and many others] are big fans of SEQ – you can read it here. Also you’ll notice the majority of properties we source are brand new ‘turn-key’ dual income house & land packages – there’s a very good reason for this which we explain here. In short, it just comes down to numbers – when purchased in the right areas these high-yielding properties give you outstanding returns; both in terms of cash flow and capital growth.
PPS. We recently profiled a similar duplex property in the Gold Coast suburb of Coomera in SEQ – you can view it here