Hi All,
Long time observer, first time poster on the SS forum!!
I have been offered the following investment opportunity and would like to receive feed back, can be both positive and negative, from the SS community.
In short, an offer has been made to us for a brand new "dual key" house and land package in Peregian Springs on the Sunshine Coast. The deal comes to approx. $575,000 for the fully completed, ready to move in/ rent out package.
The block size is approx. 700sq/m. The total floor area is 225 sqm (165 main residence & 60 sqm for the unit) A rental appraisal has been provided that outlines rental return of between $440 - $460 for the main 3 bedroom, 2 bathroom home and $320 - $340 for the adjoining one bedroom home. This gives an approx. $760 - $800 per week return on the property. Build time has been estimated at 4 months by a reputable builder who has built many dwellings in the area.
Any feedback will be greatly appreciated!!
Thanks.
Long time observer, first time poster on the SS forum!!
I have been offered the following investment opportunity and would like to receive feed back, can be both positive and negative, from the SS community.
In short, an offer has been made to us for a brand new "dual key" house and land package in Peregian Springs on the Sunshine Coast. The deal comes to approx. $575,000 for the fully completed, ready to move in/ rent out package.
The block size is approx. 700sq/m. The total floor area is 225 sqm (165 main residence & 60 sqm for the unit) A rental appraisal has been provided that outlines rental return of between $440 - $460 for the main 3 bedroom, 2 bathroom home and $320 - $340 for the adjoining one bedroom home. This gives an approx. $760 - $800 per week return on the property. Build time has been estimated at 4 months by a reputable builder who has built many dwellings in the area.
Any feedback will be greatly appreciated!!
Thanks.