As first time investors, our clients engaged our services to help source and secure a suitable property on their behalf.
Seeking the right mix of capital growth prospects and a sound return, we focused on finding a dwelling with a strong floorplan and usable outdoor space, as to appeal to a wide range of tenant types. It also had to be located in a strong location within reasonable proximity of the beach and local amenity.
After considering varying options, we inspected a townhouse in a small block in the blue chip suburb of Mermaid Waters. The floorplan offered the desired space and separation and also featured a large, private outdoor terrace area. After some light cosmetic works we expect the rental return to generate a gross yield of c. 5%.
If you’re looking to buy your first investment property on the Gold Coast, we’d love to help. Get in touch with our local team today.