Client brief
Our client had been a property investor for some time and had primarily invested in long-term let apartments. After a water-cooler conversation at their workplace they became interested in potentially higher returns that might be achieved from a short-term let property however, the information they had from their colleague was sketchy and had sent them in the wrong direction.
In their mid-50s, our client was focussed on higher yields to provide cashflow into retirement in coming years, capital growth while valuable, was not an important focus as they had already built up significant equity in other property.
Client brief:
“Locate a short-term let property in Brisbane’s inner suburbs which would benefit from the 2032 Olympics, that offers higher returns than an average apartment”.
Budget: $700,00-800,000
What we did
Buyers Agent:
Date of search:
August 2024
Duration:
32 days
Properties reviewed:
43
Short listed:
3
Purchase price:
$730,000
Market value:
$730,000
The numbers (targets)
Estimated weekly rental:
$1,000 per week
Gross annual income:
$52,000
Gross yield:
7.12% pa
Capital growth:
4.5% pa
Annual ROI:
11.62% pa
Why this property
Apartment prices in Brisbane City had seen more subdued growth over the past 5 years compared to Greater Brisbane at an annual growth rate of 3.3%pa (10 year average growth rate) vs the Brisbane average of 7.2%pa. This presented an opportunity to secure a property at a comparatively lower value than in nearby suburbs and therefore benefit from improved growth rates as Brisbane City moved more in-line with the rest of the city.
The property itself is well positioned in one of the best short-term let buildings in the city and with a shortage of hotel and short-term apartment stock, occupancy rates and rental yields are expected to remain high and grow towards 2032.
This property is listed on AirBnB and is managed by Bedspoke.
What’s happened since
Last update:
June 2025
Weekly rental:
$1,000 per week
Gross yield (current):
7.12% pa
Current valuation:
$795,000
Capital gain:
$65,000 (10 months)
Annualised growth achieved:
10.9% pa
Annual ROI achieved:
18.0% pa
Results achieved
Metric
Target
Result
Rental income:
$1,000 per week
$1,000 per week
Gross yield:
> 4.5% pa
7.12% pa
Occupancy rate:
> 90%
92%
Capital gain:
$29,000 year 1
$79,000 (annualised)
Capital growth:
4.5% pa
10.9% pa
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What to expect on our call
On our call we will ask you to walk us through what it is that you are looking for in a new property and your experiences so far with your search.
We will outline how we work as buyers agents to help our clients purchase a new property, the value proposition for using a buyers agent, the process and costs.
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