You can't trust the Govt., but you can trust these numbers. $660 per week in rent. Distributed fortnightly into the owner's account
This duplex consists of two two-bedroom apartments, both of which have modern kitchens and decent bathrooms. They have air conditioning and good-sized living rooms. Unit 1 has an additional dining area, and Unit two has a large kitchen with room for the dining table. The laundry is below at the rear. The land size is 909 sqm. It is an easy walk to the town centre and local schools. There is also a bus service running past the front door. The land is set on the ridge in East Innisfail, so there is no risk of flooding, keeping insurance costs down.
One of the tenants has been in residence for more than 7 years, and the others are just coming up to a year. Both tenants wish to stay. The rental ledgers show that the rent is consistently on time, and routine inspections reveal that the tenants keep the property to a high standard. The Gross yield comes in somewhere around 8%.
With all the uncertainty in the world, people will always need a place to live. Invest with consistent and growing returns.
Contact Michael Skuse.
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