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Recently secured this property for a client in Regional WA.
The Perth boom has clearly spread to the regional WA markets too and I find that these regional markets are earlier in their growth cycle as compared to Perth - which clearly translates to opportunity for investors!
This client had already bought a property with me in Townsville (QLD) a few months back and had come back to me to purchase her second investment property.
I sourced a property in a rising market showing strong signs of growth.
Here are the numbers :
Purchase price: 381K
Double brick home
Land size : 694m2
Rented at 400/week at 5.4% rental yield
In today's market building a similar sized brick home would easily cost 450K.
This one has a house and the land component combined at 381K - definetely a value buy in a rising market.
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