Buying Fully Furnished
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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.