Buy-Hold 7.5%+ Gross Yield
BOOM ANOTHER ONE...Purchase #78 by Easy Buyer's Agent. This was a maiden investment purchase for our local investor. Asking: From $200,000, Purchase: $191,500. This property was sitting on 500+sqm land, and with minor cosmetic, it should be rentable for $325+/week, making it a 7.5%+ gross yield. Read on.
BRIEF:
Our buyer was a first time investor and wanting to buy to accumulate into his portfolio.
PROPERTY STORY:
As a first time investor, our buyer was looking for a "safe enough" investment. With "ready-to-move-in" properties that are currently selling at exorbitant price, which investors will most likely go head-to-head with family owner occupiers, we must look at other strategies.
When we spotted this cheap 3 bedder property, we were immediately interested. The property was located in a suburb with $290,000 median price that has shown 17.4% 12-month growth, and 0.4% vacancy rate. With minor cosmetic work, this property should fetch $325+/week rent, which would make it a 7.5%+ gross yield.
Looking to buy property in WA? You know who to call. While no one could ever predict what the property market would do (unless he/she has a crystal ball), what we can promise you is that we would work our hardest to ensure our buyers get the best outcome out of their property purchase within the current market parameters. Let's just chat property, consultation is free. Until the next purchase. Peace.
