If you’re a regular reader of our blog you will have seen the Most “Successful Property Investment System” article that describes purchasing property in an area of high demand.
Victoria Point in Queensland is one of those areas where there is a high number of new estates being built to taking advantage of the vacant land and cater for the many people in Brisbane who are choosing to live as close to the water as possible and be situated between Brisbane and the Gold Coast.
The new estates being built are inland of Victoria Point itself and the majority have sold out already which indicates a region of high demand and high demand leads to land values increasing. This is the exact philosophy we employed when we built in Jordana Court. This property increased in value by over $70,000 in 6 months. Why ? simply because land that close to the water and the tip of Victoria Point is in limited supply. It’s a peninsular which creates an natural limitation to the amount of land available. Remember the old saying, “they are not making any more land”.
A new estate has been established closer to the tip of Victoria Point and very close to the water. Only 2 lots were made available to us, one of which has fallen over under the finance clause and is now returned to the market.
Their loss can be your gain as this property will not last long.
Located at lot 10 Simon Street Victoria Point, this property is with 500 meters of the water where there are parks, walks ways and even a golf club just down the road.
The property has been designed to appeal to a wide range of tenants. That’s important, what might be appealing to us, might not be appealing to a wide range of people so we need to consider the fact that the property has to be rented out and must appeal to a wide range of potential tenants. The same theory is applied to the exit strategy, when it comes time to sell this home, we need it to appeal to a wide range of buyers.
The fit out is of the highest standard and designed to last. It is going to be rented out so we need to ensure the property looks as good as it does when completed as it in 5 to 10 years time.
The construction is overseen by myself, Alistair Kelsall and you will receive a phone app where you can keep up to date with the progress of construction.
What is going on here that will drive the market.
There are 16 new estates being built around this area but only 2 are close to the water and none is as close as this property is.
Demand is very high.
The map below shows you the location and the estates thay I have found so far. This does not include new estates that in the planning stage.
And the majority of these estates have sold out with properties of similar value to this one.
Cost is $637,000, turn-key so there is nothing more to spend.
Returns, property will rent for $580 per week which gives it a return of 4.7%
Potential, this is the part I am very good at, if you look through my Case Studies you will see that every single property I have ever promoted and built for my clients has increased in value significantly.
Why I am so successful at making my clients wealthy a simple proven low risk formula that works. Identify an area of high demand and source land below what you predict the market will go to in 12 months time. In this case we can see what has happened to Jordana Ct. the value of the land increased by over $70,000 in 6 months.
This is not a marketing gimmick or ploy to sell you a house, this is an opportunity to make some very good money in the next 2 years.
You don’t see me advertise these very often but in this case I have already sold one to a client and this property has come back on the market.
If you want to know more, call me on 0405 131 333.
I would say we have about 24 hours with this opportunity before it is gone and there will not be many more like this.