HUGE BLOCK WITH DEVELOPMENT POTENTIAL
(STCA) EAST BRISBANE
The Details
Location: East Brisbane, Queensland
Type: Residential
Purchase Price: $400,000
Expected Rent: $420/wk
Rental Yield: 5.5%
Comparables: $450,000
Why we love this property
Huge block with development upside (STCA)
Positive cash flow
Potential to increase value with minor renovation
Location primed for growth with big infrastructure spends
Well away from flood zones uncovered during due diligence checks
Tightening rental market will increase rents further at next review
