High potential property
When buying property, it's always location, location, and location.
Reputable location, convenient, approx 20 mins to CIQ, etc.
Good rental - service apartment with full facilities, modern living and good security.
Highly sought after property - currently very much undervalue even in comparison with other similar property within the vicinity.
Unblock view - magnificently million dollars view from high floor facing city.
High investment value - regular rental income $1300 pm = 6.25%. Prospect of getting $1500 pm as per current trend = 7.2% pa
On the upside of current $250,000 / 484 = $516 psf. Estimate valuation based on other similar property developer price @$600 psf before completion. Property undervalue by at least $50,000 - fair valuation based on 484 sqf = $300,000
Rumors on new release unit by developer @$280,000 minimum price with car park to be sold separately at $25,000 each. This works out to be $305,000 direct from developer price.
Other property launch by other developer comes with guarantee return of 7%pa.
Given on Palazio $300,000 x 7% = $1750 pm on rental return
If $300,000 x 6% = $1500 pm on rental return
Note: every higher level is additional of $2000 - meaning the upper level at level 14 is $28,000 difference.