Asking Price:
$589,000
Purchase Price:
$570,000 (in 2023)
Net Gain at Purchase After Fees :
$5,000
Current Value:
$891,000 | ↑ 56.3%
We secured a freestanding home in Moreton Bay for clients seeking a quality buy-and-hold with strong mid-term upside. After shortlisting and due diligence, we negotiated a 2023 purchase at $570,000 against the $589,000 asking price—delivering around $5,000 in immediate net equity after fees.
The home’s fundamentals—quiet street, solid bones, and easy access to local amenities—suited a light cosmetic refresh rather than heavy renovation. Targeted updates improved presentation and rental appeal without overcapitalising. Since settlement, sustained buyer demand has lifted the estimated value to $891,000 (approximately 56.3% growth), positioning the asset well for a long-term hold.
