What does $300,000 buy you these days?
For $275,000 we found a caravan site in Byron Bay. It has a fixer-upper cabin on the site, and it’s powered, with running water. Around a 10-minute walk to the beach. Ongoing costs on top of the purchase price are $10,244 per annum for the caravan park fee, and $40 per month for electricity (pic below).
In Mt Crosby, we found a 4,000m2 block of land. It’s around 30km from Brisbane and is cleared, occupying a corner position.
Ipswich offers a home in original condition in one of its most desirable suburbs for offers over $299,000 (pic below). Sitting on a 700m2 block, the buyer would probably want to do a major overhaul before moving in.
While in New Farm, on one of its quietest streets, you’ll find a studio apartment on the top level of a two storey complex of only 24 apartments. The complex is mostly landlord-owned, with the majority of residents retaining their homes here for 3-6 years.
The apartment overlooks Llewellyn St, one of New Farm’s multi-million-dollar streets, and is footsteps to Merthyr Village for all your daily essentials, including one of Brisbane’s favourite Coles supermarkets, hairdressers, fashion, gourmet butcher, fresh fruit and veg, cafes galore, dentist, doctor, optometrist, flowers – it really is all here!
Oh, and we almost forgot to mention New Farm Park. It’s everyone’s favourite spot to go for Sunday picnics and riverside strolls – there’s a croquet green as well as two tennis courts too.
The north-easterly aspect of the apartment and its back corner position (giving it two sides open to the breeze and natural light), also make it one of the most desirable in the block.
Offering an almost 6% rental yield, this property is perfect for New Farm landlords.