Whoever Says Apartments Don’t Get Capital Growth Doesn’t Know What They Are Talking About

by | Jan 30, 2018

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

Click here to like us on Facebook and see more updates like this.

Hey there, do you enjoy the Positive Real Estate Blog? If you did, why don’t you book into a Property Information Night in your area and get more information from our team. You can do so here.

WCC Who Writes the Rules of Wealth?

In this Wealth Coffee Chat, Jason talks about the three groups that create the rules of wealth in Australia: politicians, banks, and regulators. He explains how these groups can affect your wealth and why it's important to know and understand the rules they set. Jason...