Brisbane Off Market Property Richlands

Brisbane Off Market Property Richlands

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    Brisbane Off Market Property Richlands For Sale. This brick and tile property located in the Brisbane suburb of Richlands is a 4 bedroom 2 bathroom property on 400m2 of land. Located less than 16 kilometres from the Brisbane CBD and close to the rail network, this is an excellent Brisbane investment property for under $500k. It is not available to the general public at this stage which means no competition from multiple offers we are seeing at open homes right now.

    I made a visit to this property to create a virtual tour and was very impressed with the property. It is in excellent condition with 4 large bedrooms as well as an open plan living area. From the outdoor entertaining area, you have views of the mountains. This is a very good opportunity to purchase a property in a very strong up and coming area within 16 kilometres from the Brisbane CBD and a train station less than 1 kilometre away.

    Tenancy in place at $440 per week until December, returns 4.5%. Cash Flow Positive

    The Property

    Spacious 4 bedroom home close to all amenities and presented well this low-set brick home with rear covered entertainment area all set on a flat fully fenced with neighbourhood views. Close to all amenities with walking distance to the local Richlands Tavern and a short drive to major roads, Richlands train station, schools, and shops.

    Property Features

    • 4 Bedrooms – Master with air conditioning
    • 2 Bathrooms
    • Double lock-up garage
    • Great size kitchen with stainless steel appliances including dishwasher
    • Open planned tiled living with air conditioning and ceiling fan
    • Covered pergola
    • Fully fenced backyard
    Brisbane Off Market Property Richlands
    Brisbane off market property richlands rear

    Virtual Tour

    The Location

    Richlands is a suburb of Brisbane and is located 18 kilometres south of the Brisbane CBD. Access to the city is very easy, Ipswitch Rd is the main route into Brisbane with a travel time of around 20 minutes in normal traffic conditions.  The size of Richlands is approximately 5 square kilometres. It has 2 parks covering nearly 7.2% of the total area.

    Richlands is one of the south-western corridors most accessible suburbs and is located at the cross over of the Ipswich Motorway M7, Centenary Motorway M5 and direct access to the Logan Motorway, Brisbane Airport and the Port of Brisbane

    Homeownership rates are lower within Richlands when compared with the rest of Brisbane at 40.5% vs 64.1% reflecting a population that is comprised
    of a higher volume of renters 57.6% v 33%. Indicates Strong Demand for rental properties in Richlands

    Demographics

    The population of Richlands in 2011 was 2,077 people. By 2016 the population was 3,606 showing a population growth of 73.6% in the area during that time. The predominant age group in Richlands is 20-29 years. Households in Richlands are primarily couples with children and are likely to be repaying $1400 – $1799 per month on mortgage repayments. In general, people in Richlands work in a professional occupation. In 2011, 43.2% of the homes in Richlands were owner-occupied compared with 31.7% in 2016.

    Infrastructure

    Richlands Rail Station is located less than 1 kilometre away with travel time to the CBD is 30 minutes.

    5 Schools within 2 kilometres.

    Located close to 3 major arterial roads connecting to all major regional areas.

    Performance

    The median sales price of houses in Richlands is $410,000. Annual Growth for Richlands in the past 12 months in -2.3%

    Indicates upward trend in property values

    Price

    If this property goes to the public market it will be advertised as offers over $520,000.  It is available exclusively to my customers for $500,000.

    Finance

    This home would cost $288 per week at 3% interest-only borrowing to the total purchase price.

    Returns

    The property is currently rented for $440 per week which gives it an approximate return of 4.5%.

    Summary

    There are not too many suburbs within 20 kilometres of the Brisbane CBD where you can purchase a good quality brick and tile home for under $500,000. There is a clear upward trend in the median house prices in the area and demand for rental properties is strong. It might not be the most popular suburb right now in Brisbane but that is what we identify for you. Properties located at the top of the price cycle are in demand which drives the property values up. The secret to investing in Real Estate is to buy in the suburb that is going to be popular in the future. That way you stand to realize far more in capital growth when compared to a property that was purchased for a higher amount with a lower return in a popular suburb. Don’t listen to the media, everyone else.

    For more information call me direct Alistair on 0405 131 333

    Further Reading

    Top Ten Tips for Investing in Brisbane Real Estate

    Map View

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