Victoria Point Bayside Estate House Land Package 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.
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”.
Located in Albert St 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 and the majority of these estates have sold out with properties of similar value to this one.
The property will rent for $580 per week which gives you a return of 4.6%
These properties will quickly rise in value to over $700,000 in the next 6 months as land shortages on the peninsular increase pressure on the local housing market.