As we approach the end of the year we have seen an enormous increase in investor enquiry and purchases. All signs point to a strong 2014 and we expect to see some good capital gains as demand continues.

By far the preferred property type for investors has been apartments in small complexes. When I ask investors why they are attracted to these units their common reasoning includes easy to maintain, less concerns about rental demand and lower body corporate and overhead costs.

We sell many different style of properties that people use as investments. I’ve just run an interesting comparison between two styles of apartments we have available at the moment and was surprised to see where the numbers fell.

3/361 Cornwall Street, Greenslopes has just sold and is a “typical” investment property purchase. Circa 1970’s 2 bedroom, 1 bathroom apartment. Within the 5km radius of the CBD, well serviced by transport.

We have sold apartments in 82 Alfred Street, Fortitude Valley recently and have 2 available currently. #103 is a dual-key (2 separate apartments). It’s central to everything, in a newish apartment block that offers 99% occupancy rates. Buyers tend to shy away from this type of property based on the misconception the overhead costs are higher.

These numbers aren’t inclusive of all costs of investing in property but offer an overview of the most considered income / expenditure. Despite the slightly higher purchase price, it’s amazing to see the huge difference in the bottom line at 82 Alfred Street.

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I predict the city / near city market will continue to offer excellent opportunities. New developments have softened the prices on established apartments like these.

We an provide tangible figures on all our investment property opportunities so to discuss any further contact me on 0424 149 026.