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.