Bridgeman Downs Brand New Investment Property was built on one of 2 in-fill blocks of land I had sourced. It was very evident that land was going to come under market pressure in the near future which is the best time to purchase. Always purchase in an area before increased market pressure leads to an increase in land values. By purchasing before this occurs, my customers receive capital growth.
Cost
The land cost here was $280,000 and is now valued at $625000 3 years later. It follows the simple formula for success when building an investment property. Don’t think now, think 5 years ahead.
The total package cost was $520,000 with a good-sized 4 bedrooms 2 bathroom home. I built 2 of these and one has just sold for $615,000, which is not a bad profit for only 2 years.
The Location
Bridgeman Downs is a suburb located in the north-west of Brisbane, Australia. It is a growing community with easy access to public transport, parks, shopping centres, and other amenities. Investing in property in Bridgeman Downs can be a smart move, especially with the recent development of brand new properties. These new properties offer modern designs and features, making them attractive for tenants and competitive in the rental market. Additionally, the suburb is known for its high-demand rental market, which may provide steady rental returns and long-term capital growth. Investors may also be eligible for tax benefits, such as depreciation and negative gearing, which can make their investment more financially feasible. Overall, investing in a brand new property in Bridgeman Downs can be a solid investment opportunity for those looking for a potentially lucrative venture in the property market.
