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Friday, August 16 2024
Muti-income property in bayside location

A multi-income property that offers investment performance in a lifestyle location.  
 

  • 540m2 block
  • 400m to water front
  • 600m to Shopping Center 600m
  • 900m to local school
  • 9km to major employment hub
  • Vacancy rate is only 0.7% 
  • Annual Rental growth 11.8%
  • 17% price growth last 12 months


The population in Brisbane's North is expected to grow by 10,500 people a year out to 2041. Yet there were only 3,324 residential dwelling approved for the 2024 financial year of which only 2,368 were houses.  

With an average household size of 2.61 people this indicates an  shortfall of 1,824 of what is required.   

The potential of a rate cut before Christmas is likely to trigger a wave of new buyers with increased borrowing capacity and confidence. So there may be a limited opportunity before prices jump again.
 

Click here for all the details on this property

Posted by: Greg Carroll AT 08:33 am   |  Permalink   |  Email