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Investment Success With Cream On Top

Investment Success With Cream On Top
October 21, 2014 Simon Pressley

This is the fifth property which we have purchased for this lovely client over the last 2 years.

WHAT: We successfully negotiated the purchase of this 4-bedroom, 2-bathroom, brick home for $395,000. It is very well presented, fully air conditioned, and on a low maintenance 700m2 block close to the CBD. We found a tenant straight away so our client is receiving rent of $400pw with very good prospects of rental increases in the short-term. Shortly after settlement we received a professionally prepared depreciation schedule meaning that our client can progressively claim an additional $186,257.

WHY: This regional location already has a population in excess of 100,000 people. It’s economy is driven by a healthy mix of tourism, agriculture, construction, and education. Our research has identified numerous projects in the pipeline with a combined value of $15 billion and potential for the population to grow by as much as 30,000 extra people by 2020. The growth drivers are easily the best of any Australian location.

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