Buying Fully Furnished

Recently I helped a client purchase a fully furnished positive cash flow property.

The search started with my desire for the client to buy a house within 10km to the city. However, the positive cash flow side just couldn’t be achieved as rental yields are generally around 4%-4.5% for houses near the city.

After more research we realised certain townhouses achieved stronger rental returns due to the prime locations.

We came across a fully furnished townhouse with a tremendous gross rental return of 5.97%.

Many of the comparable townhouses we looked at were nearer to the 4.8%-5% level.

The key reason driving the demand for a fully furnished property in the area is the extremely close proximity to the University of Queensland with over 52,000 students, including over 15,000 international students.