Complex features

 

• Gated complex

• Swimming Pool

• BBQ area

• Visitor parking

 

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Overview

 

This property was purchased in Morayfield in a sector of the property market that no one was interested in – however, the purchase has proven to be a sound investment decision!

 

This was the 4th property we have purchased in this complex and all well below what the original owners paid for these properties. In 2009, the land for these sites sold for $165,000 and these properties were marketed to interstate investors for around $380,000 off the plan.

 

In this complex, the market has since seen 4 sales in the last month (April 2021) all over $300,000. In the space of 18 months, this property has generated over $100,000 (50%) in capital growth and is largely positively geared.

 

The property is rented for $350 per week – slightly larger 4 bedroom properties in the complex are renting for $385 per week.

 

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Summary

 

It just goes to show you can achieve both growth and income through property and you don’t need to spend millions to achieve it!

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The Brisbane northside suburb of Morayfield is located in the stunning Moreton Bay region making it an ideal location to purchase a Queensland investment property. A 3 bedroom / 2 bathroom Villa is a perfect choice for a Buyer's Agent, a property investor, a future buyer and / or a tenant.