Rare and Fantastic Duplex Deal in Tightly Held Suburb

The Details 

Location: Sunshine Coast

Type: Duplex

Purchase Price: Land 487k, Build 512k – Total 999k (turn key fixed price build

Stamp duty: 17k

GRV on completion based on comparable sales: 650k per side (1.3m total)

Expected Rental: $575 per side ($1,150 total) – 6% Gross yield

Rental population: 26%

Vacancy rate. 0.34%

Why we love this property

Located in tightly held suburb predominantly owner occupiers. Future available land supply scarce

Gentrifying suburb surrounded by suburbs with median values in excess of this suburb – ripple effect should occur as incomes have propensity to sustain future growth

Close proximity to major infrastructure spends and coast