Regional QLD Purchase (Oct 2024)

Recently purchased an investment property for a client in Regional QLD via SMSF. 

This client had initially bought a property with me in Perth last year and was looking for an opportunity to purchase through SMSF in a different.

The client had a budget of 480K and was looking for a low maintenance property in a growth market. 

This property was bought in a suburb with 

- strong afforadability (local residents can easily manage repayments) 

- Tightening days on market ( reduced by 23% over the past year) 

- Very tight inventory levels ( under 3 months) 

Here are the numbers: 

Purchase price : 465K 

Rents : 550/week 

Rental Yield : 6.1%

The property was sourced OFF market in a heated suburb with intense competition. 

The data trends show strong growth in this market over the next 2-3 years.