Whoever Says Apartments Don’t Get Capital Growth Doesn’t Know What They Are Talking About
Proximity is one of the most powerful words to understand in real estate wealth. Like proximity to prestigious schools, shops, transport nodes, hospitals and universities.
The lack of supply and the nature of NIMBYism (not in my back yard) suburbs will keep new development limited in an area, and when you combine proximity and NIMBYism, it is awesome for growth and rents. See the great result in just 16 months with the apartment below.
Deal Details
- Property Type: Apartment
- Attributes: 2x1x1
- Purchase Date: 17/12/2016
- Purchase Price: $481,000
- Latest Value: $533,067
- Equity Gain: $52,067
- Rent Now: $440
- Yield: 4.7% on Purchase Price
How we chose this property:
- Proximity
- NIMBYism
- Design
- Undersupply
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