Brisbane Infill Block Case Study
Brisbane Infill Block Case Study when looking to invest in a brand new house and land package in Brisbane the most successful results come from either choosing an infill block or a boutique estate. For the purpose of this case study, we are going to use an actual infill block available on the market right now.
The location must be a balance of the following factors:
- Distance to Capital City
- Land Size in excess of 400 m2
- Budget Requirements
For this example, I have selected a Northern Suburb of Bracken Ridge. Bracken Ridge is only 17 kilometres to the Brisbane CBD and has good access to the Rail Network as well as the major arterial roads. Access to the airport, the Brisbane CBD, the Gold Coast and Sunshine Coast is very easy with the Gateway Freeway System and Tunnell network so close by.
Land Size is very good at 572 m2. Anything smaller than this limits our potential renters and in the future Buyers. At 572 m2 it cannot be developed any further at this point however, it will be one of the bigger lots in the future. The land is flat and does not appear to require any major site works.
Land Cost = $333,000.00
Our property must appeal to a wide range of tenants and when the time comes, buyers. The golden rule here is a brick and tile home with 4 bedrooms, 2 bathrooms and a double lock-up garage. There must be at least one aircon in the main living area with an additional aircon included in the master bedroom if the budget allows. Ceiling fans into every room. Ideally, we want two living areas which would be a family area and a media room. Outdoor alfresco area, suitably high ceilings, fully completed landscaping and fencing. A full turnkey package we call this where there is nothing more for you to do.
Build Cost = $286,254.00
Total Cost = $619,587.00
Estimated Rental Return (conservatively) = $550 Per week
Cost to finance at 3% interest Only (higher than actual borrowing rate) = $357 per week
Gross Cash Flow Status Per Week = $192 per week cash flow positive.