Regional QLD (Aug 2024)

Recently purchased this low maintenance home for a client under a SMSF in Regional QLD. 

Here are some numbers: 

✔Purchase price: 512K

✔Tenanted at 520/week ( market rent : 550/week) 

✔ Built 2023 - only 1 year old! (property purchased in an established suburb) 

❌No flood

❌No bushfire

✔Quiet street 

Suburb stats:

✔Vacancy rate: 1.2% 

✔Days on market : From 54 to 35 days over the last 6 months

✔Inventory levels: From 3.09 to 2.43 months over the last 6 months 

✔10 year growth : ~1% /annum (suburb is undervalued and has potential) 

✔Strong affordability