Lot 501, Oakey Flat Road, Morayfield QLD 4506 – Affinity Estate

$774,548

  • 4
  • 3
  • 2
  • 433m²
  • H & L

Dual occupancy property! 3/2/1 + 1/1/1

The dual occupancy layout provides multiple rental streams, maximising returns on your investment. Whether you’re looking for a property to rent out to two separate households or to live in one and rent out the other, this property offers flexibility and potential for a solid return on investment.

Following the rapid population growth in greater Brisbane, the suburb of Morayfield has benefitted and boomed, as it is only 38 kms north of Brisbane. The region has attracted young families and retirees looking for affordable land and a more laid-back lifestyle. Fast forward to today and the Moreton Bay Council has truly recognised the area’s potential by masterplanning what is now the thriving community of Morayfield. This family friendly suburb now boasts both private and state schools, parks, sports centres, major shopping centres and a direct rail service that connects computers to Brisbane and the Sunshine Coast. The popularity of this suburb can be seen in last year’s growth with house values growing by over 30%, making this property great for both owner occupiers and investors.

Click the Apply for Purchase button to secure your property in this fast growing area!

Overview

  • $161.98/m

  • 30.77%

  • 5.37%

  • 0.89%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area194 m²
Build price$379,548
Land price$395,000
Title Status45017
Contract typeSplit
Storeys1
Council Rates*$125/m
Water Rates*$35/m
Tax depreciation*$814/m
Rental Income*$3466/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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