Sales and Investments The Galleries On Brunswick Accommodation Apartment Units for Rent Fortitude Valley, Brisbane

Sales and Investments

INVESTMENT OPPORTUNITIES

From time to time an opportunity arises to invest in this prestigious apartment complex, ideally situated in Brisbanes vibrant Fortitude Valley precinct and surrounded by some of the citys best cafes and restaurants.

Its location within walking distance of the CBD and just 12km from Brisbane airport ensures that the spacious one and two bedroom apartments are consistently in demand for professional long-term rental.

The added advantage of 24 hour on site management ensures that owners can sit back, relax and enjoy the excellent returns.

Apartment Features
Spacious layout
High quality furnishings
Gourmet kitchen
Reverse cycle air conditioning
Separate laundry

Complex Features
Resort style pool, heated spa, sauna, gym, barbecue facilities
High tech security access
Secure underground carpark
On site management
Situated in a non-flood area (near Storey Bridge cliffs)

Financial and Other Benefits
No land tax on investment property in Queensland (under $1 million)
High demand for long-term rentals and attracts good quality tenants
Well run Body Corporate with low fees
Healthy Body Corporate Sinking Fund (approx. $250,000, Jan 2012)
Good possibility of capital growth over next five years
Similar size units in new developments (further from the CDB) currently selling off the plan for up to $100,000 more

Independent reports confirm Fortitude Valleys investment credentials 

Median price growth has averaged 5.5% per annum over the last ten years.
Source: Resolution Research

Annual growth in median weekly rents has averaged 6.6% over the last five years.
Source: Residential Tenancies Association

Fortitude Valley apartments are achieving rental yields of 5.7%.
Source: Australian Property Monitors

Population forecast to increase by 300% by 2030 and $19.5 billion in infrastructure investment planned or underway.
Source: Resolution Research