Brand new home with full depreciation benefits to help offset income.
Investment Details
- Purchased: $1,987,500
- Rented Appraisal: $1,650/w
- Brand New Build
- Blue-chip locale
Key Investment Drivers
- Vacancy Rates: Low 0.6%
- Long-term growth: 10.28% p.a
- Rent Change (12mths) : +8.5%
What we liked
The strong market fundamentals. This suburb’s exceptionally low vacancy rate of 0.6% indicates high demand for rental properties, while the long-term growth rate of 10.28% per annum suggests the potential for substantial appreciation in value over time.