Est Market Value: $320,000
Vacancy Rate: 0.75%
Property Description: 4 bed, 2 bath brick and tile in great location
Strategies: Under Market Value, Positive Cashflow, Capital Growth
Surrounding Environment: This property is ideally positioned. Just 25 minutes from the state capital CBD, 15 minutes from a major economic hub, and 1.2km from the Train Station. It is in a great community area, in a desirable cul-de-sac with strong road and rail links, and close to major shopping precincts, private schools, and parks.
Economic Drivers: The are multiple key drivers in the area including major private and public infrastructure projects, and proximity to major economic hubs which are currently in the throes of a huge jobs growth surge. This, coupled with its very close proximity to the state capital, is tightening the vacancy rate in the region. There is extremely low supply risk to to only infill development availability. This causing a massive restriction on vacancy rates.
All of these factors combine to present a projected growth of around 8.1% in the first year, and 19.4% in the first 24 months