PURCHASE DATE: March 2014
PROPERTY TYPE: Existing older house style
LOCATION: Stafford, Brisbane, QLD
PURCHASE PRICE: $450,000
CURRENT VALUE: $585,000
RENOVATION COST: $30,000
RENTAL YIELD: 4.25%
30% growth in under 4 years
Young couple late 20’s first timer investing and wanted to create some extra equity for their next Dual Purchase strategy.
AllianceCorp helped them select a genuine value add renovation property in a suburb that was about to experience a mini boom in prices due to location and large blocks and demand for modernized housing.
(source: corelogic RP Data)