Perfect Family Home Peaceful And Tranquil Setting
property type:House and Land
Status: OTP
Beds: 4
Description:
We have some fantastic options for astute investors & homeowners alike in our boutique estate in "Nest" located in Birkdale, Brisbane. For investors particularly, there are two remaining packages around $900,000, which show tremendous value and very strong rental returns for a property of this "Infill" housing type.
Location:
- 15-19 Jesray St, Birkdale, Brisbane: https://goo.gl/maps/CmoRqU3BViNtAjM67
- Located in Brisbane's popular "Bayside" area, which is a fantastic growth corridor location. It has become increasingly popular in recent years and is going through a substantial "gentrification" shift. Older homes are now being knocked down and/or renovated as new families move to the area searching for good value and the lifestyle offering. Many people who live out this way are boating enthusiasts given the location to Moreton Bay and the various marina's available
- Roughly 19kms South/East of Brisbane CBD
- Approximately 30 mins drive to Brisbane CBD
- Only 25 mins drive to Brisbane Airport
- 50 mins to Gold Coast
- Just minutes from the Moreton Bay Shores
- Moments from shops, schools, parks, main road networks, Train Station and more. 2 mins from top rated school Ormiston College.
Suburb/Market Overview:
- Median 4 bedroom house price is $890,000 for Birkdale (realestate.com.au)
- Now very common to see some houses in this suburb sell well over $1m, which indicates the aspiration of people to live here and the type of money coming into the suburb
- Vacancy rate extremely low at 0.7% (SQM data). This means there is basically nothing to rent, which comes off the back of limited supply and strong demand to the suburb
- Popular growth corridor of Brisbane in line to see continued growth as the SEQ market is still experiencing the strongest rates of population growth in Aus (see graph below
- CBA predicting Brisbane to have the strongest rate of growth next year once rates start to come back down
The Subdivision & Packages:
- Boutique subdivision of just 11 lots with nearly NO other land supply poised for the area
- Titles expected in the next 2-4 weeks, should see houses finishing end 2023/early 2024
- Now subject to 21 days finance given its so close to completion
- Fully freehold/torrens title lots
- 4 bedroom, 2 bathroom, 2 LUG designs
- Recent successful valuations for other investor clients in the subdivision
- All single storey home designs, which is ideal to keep the pricing down and yields strong
- Fixed price packages i.e no changes
- Full turn-key i.e. nothing more to spend at completion, they are ready to live in
- Landscaping, letterbox, blinds, ducted AC etc are all included in the price
- Experienced local builder/developer we have sold for before. Do roughly 100 builds a year and their own boutique subdivisions as well:
- Ausbuild the select builder, one of the best groups in SEQ
- Rents appraised to show roughly 4.5% gross returns. Strong market for good consistent value and rental gains. With higher interest rates this is still reflective of no holding costs asset i.e "set and forget". This is an impressive rental return for this type of "infill" house and land strategy, normal is around 4% gross.