IP #2 settles today - brand new 4 bed + study in Wakerley QLD, about 17Km from the Brisbane CBD towards Manly. The largest single level design in the estate. We signed the contract late last year - so far it has only cost us the deposit bond, but believe it has already gone up ~50K in value.
I inspected it on Tuesday and all looks great. It's a beautiful open plan home. The aircon, paving and blinds go in on Tuesday, with patio roof over the courtyard not long after, so should be ready for tenants by Thursday next week. Looks like we should obtain a rental yield of at least 5.5-6% (after factoring in the improvements). Plenty of interest and the going rent is now around at least $60-80 more than when we did the initial numbers last year. Woohoo!
May post some photo's this evening - here's a link with the incorrect address.... http://www.realestate.com.au/cgi-bi...eader=&c=76327744&s=qld&snf=rbs&tm=1181274625
Planning's already starting for IP number 3, hopefully by the end of the year...
Cheers,
I inspected it on Tuesday and all looks great. It's a beautiful open plan home. The aircon, paving and blinds go in on Tuesday, with patio roof over the courtyard not long after, so should be ready for tenants by Thursday next week. Looks like we should obtain a rental yield of at least 5.5-6% (after factoring in the improvements). Plenty of interest and the going rent is now around at least $60-80 more than when we did the initial numbers last year. Woohoo!
May post some photo's this evening - here's a link with the incorrect address.... http://www.realestate.com.au/cgi-bi...eader=&c=76327744&s=qld&snf=rbs&tm=1181274625
Planning's already starting for IP number 3, hopefully by the end of the year...
Cheers,