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Dual Income 7.7% Gross Yield

WHY BUY ONE when you can buy two....Purchase #68 and #69 by Easy Buyer's Agent. Our client was a repeat local investor and these were the 3rd and 4th purchase we did for him. Asking: $420,000. Purchase: $390,000. This property was sitting on 800+sqm land on R25 with 2 x 3-bedders sitting on it receiving $580/week = 7.7% gross yield. Read on.

BRIEF:
Our client was a repeat local investor who was looking to accumulate.

PROPERTY STORY:
In this rising market, getting a good deal has been getting more and more difficult. We had to be way more diligent and patient. When we spotted this property we were immediately interested. There were two tenanted dwellings sitting on one title, both with long term tenants.

Property was sitting on 800+sqm land on R25 zoning, all within a suburb with median price of $400,000, 0.7% vacancy rate and 12-month growth of 9.4%.

Our buyer didn't have to do anything with the property and could just leave it tenanted as is, earning $580/week = 7.7% gross yield.

 

Looking to buy property in WA? You know who to call. We have information on more than 300 suburbs all across WA. Whether it's commercial or residential, whichever price point you are looking at, do get in contact with us. Until the next purchase. Peace.