18/08/2026
Recently acquired for a client.
Presented to us off-market. It listed soon after and we secured it just after the pre-market launch.
A 2 bed, 1 bath, 1 car townhouse on 174 m². Secured at $350,000. Investors overlook town houses but the security has great fundamentals; usually good entry point, has some land and usually very small upkeep with strata.
The bank valued it at $413,000 on purchase, $63,000 above what we paid.
Tenant in place at $390 a week, moving to about $420 on renewal. On the renewal rent that is a 6.24% gross yield. After rates, management and interest it costs around $30 a week to hold.
To get in: about $83,735 on a 20% deposit, covering the deposit, WA transfer duty and legals.
These are individual results. Yours may be different, please refer as a guide only.