7.1% Gross Yield Buy Hold Dual Occupancy
TOUGH MARKET but we did it. Purchase #72 and #73 by Easy Buyer's Agent. This purchase was for our repeat Investor. Asking: $529,000, purchase: $510,000. This property was sitting on 770+sqm with 4x2 + 1x1 tenanted to a long term tenant earning $700/week. Read on.
Our Buyer was looking to accumulate more into his portfolio. This was his third purchase with us. Our buyer was looking for a low maintenance property that didn't require any work.
It has been tough market for a lot of property buyers especially investors. Finding property deals were getting tougher and tougher due to price just kept going higher and higher. When we spotted this property, we were immediately interested. It was a 4x2 plus 1x1 granny flat that earned $700/week, leased to long term tenants.
The property was in a good condition and didn't require much work. It was in a suburb that has shown 19% growth and sitting on 770+sqm block with 0% vacancy rate (source: SQM). At $700/week and $510,000 purchase price this showed 7.1% gross yield.
Looking to buy property in WA? You know who to call. We know it's tough out there so handball all that stress to us. We have more than 20 strategies to apply when it comes to finding property deals. Let's chat property, consultation is free. Until the next purchase. Peace.