High-income student accommodation at Queensland's fastest growing university
Address
Bedrooms
Bathrooms
Parking
Size
Land Content
Built
Price
Rent
Gross Yield
Investment Strategy
Varsity Apartments
Sippy Downs, QLD
4
4
1
xxx m2
xxx m2
2003
$200,000 asking price
$500 - $550 per week
13% to 14%
High Yield, Positive Cashflow
Sippy Downs, QLD
4
4
1
xxx m2
xxx m2
2003
$200,000 asking price
$500 - $550 per week
13% to 14%
High Yield, Positive Cashflow
Summary
Student accommodation is traditionally a high yield, low capital growth investment and Varsity Apartments are not an exception in that the expected capital growth is likely to be limited to around 5% per annum, if that.
However, with a gross yield of 13% - 14% this can be an excellent opportunity if you are looking for solid cashflow and you will achieve this with significantly less capital risk than you’d encounter in mining towns. Then again, you don't have any potential upside on the value like you would in mining towns.
Keep in mind that this type of property incurs a lot of expenses so your net yield will be significantly less than the gross yield of 13%-14%.
Interestingly enough, Varsity Apartments are freehold units and can be used as you see fit. That is a real bonus in the long term and should help support at least some capital growth. See the full Property Research Report for more details.
However, with a gross yield of 13% - 14% this can be an excellent opportunity if you are looking for solid cashflow and you will achieve this with significantly less capital risk than you’d encounter in mining towns. Then again, you don't have any potential upside on the value like you would in mining towns.
Keep in mind that this type of property incurs a lot of expenses so your net yield will be significantly less than the gross yield of 13%-14%.
Interestingly enough, Varsity Apartments are freehold units and can be used as you see fit. That is a real bonus in the long term and should help support at least some capital growth. See the full Property Research Report for more details.
Further information
Varsity Apartments Website
University of the Sunshine Coast Website
Location on a Google Map