Loganlea

Residential Purchase – LOGANLEA

Purpose of Purchase: Investor

Property Type: Dual Occupancy House (5 Beds + 3 Baths + 2 Car Park)

Property Size: 600m²

Budget：$700,000 – $800,000

Purchase Price: $695,000
Purchased on: March 2022
Yield and rental info:

• Gross rental yield is 5.98% 
• Bank valued at $730k after 6 months settlement

Property Feature:

• Individually-metered quality dual living house was built in 2019
• Generous land size of 600sqm
• Located in a quiet neighbourhood but easy access to all the amenities 

Client Background:

• Local repeat client with multiple-property portfolio 
• Specifically looking for property with good gross rental yield over 5.5%
• High income earner who need new or newer house for tax deduction purpose but still have to meet a decent capital growth criteria 

We secured this good quality dual living property below the market price and within his budget and it generates good cashflow straight away after settlement.