Posts Tagged ‘Quartile’
Quartile recommends this property at a time when the Sydney market increasingly presents counter-cyclical buying opportunities with strongly rising rents and low vacancy rates.
There are 25 two bedroom, two bathroom apartments in this development priced between $285,000 and $305,000 (all with en-suites and separate storage), located a few minutes from bus, train, major shopping centres and numerous other local facilities including the extensive Penrith Panthers Club.
The local rental market indicates an expected rental of $310 per week, reflecting a 5.6% gross yield at a purchase price of $288,000.
This property is an ideal opportunity to enter the Sydney market at a bite-size price with a long period until settlement.
Settlement is expected around March 2010.
Duration : 0:4:12