This client engaged Rose & Jones to assist with acquiring an investment property as part of their long-term retirement goals.
The brief was to secure a property that provided multiple income streams with a strong yield. Due to the compressed yields in Sydney, regional locations were more attractive.
Cairns in particular was a favourable location due to its popularity among southerners, low rental vacancy rates, growth potential and value for money.
We soon found and shortlisted a fantastic block with three triplex homes on it. An attractive option for our client.
This property type, in particular, provides an array of options, such as the ability to strata the triplex homes and sell them separately if ever required – or develop.
Its location in Edge Hill is also advantageous – as it’s one of the most sought-after suburbs in Cairns. It features a vibrant village atmosphere and is also within close proximity to the domestic and international airports, Cairns CBD and highway locations to access the Northern Beach and Port Douglas.
We carried out our due diligence, established an appropriate budget range and made an offer on the properties. After our negotiations with the selling agent, our clients are now the proud owners of this fantastic group of three Cairns investment properties.
If you’re looking for a high yield investment, we’d love to help you too. Get in touch with Shakira Martin today.
