Huge Block With Subdivision Development Potential

The Details

Location: Brisbane, Queensland

Type: Residential

Purchase Price: $460,000

Expected Rent: $450/wk

Rental Yield: 5.9%

Vacancy Rate: 0.66%

Why we love this property

Huge block with development upside (STCA)

Located in booming SEQ corridor

Successfully negotiated $10k off purchase price during due diligence checks

Substantial increase in cashflow

Tightening rental market will increase rents further at next review