This property was settled in October 2019 and after a year and five months, it has got a capital growth of 10%. It was purchased for a client who is an experienced investor.
It has a decent land size of 500 sqm located in the centre of the town near shops, stations and cafes. It had renovation potential plus land has commercial zoning.
With the purchase price of $340,000 and $360 rent per week, this property shows positive cashflow. The property value increased by $80k immediately after the renovation which shows the power of manufactured equity.