Case Study · Gladstone, QLD
Property in Gladstone, QLD
Growth: 49.09%$189,000 Equity Gained268.16% ROC6.37% Rental Yield
The Story
Prime Pursuit Properties secured this property in Gladstone, QLD for our client at $385,000. Since settling 28 months ago, the property has performed strongly. It has grown 49.09% in value, now worth $574,000 — an equity gain of $189,000. This represents a 268.16% return on the cash invested to date.
Purchase vs. Today
Purchase Price$385,000
Current Value$574,000
Funding Breakdown
Loan Amount$346,500
Deposit / Funds Required$38,500
Based on a 90% LVR at purchase.
Timeline
Settled
7 May 2024
Today
28 months later
≈ 21%/yr growth
The Numbers
Purchase Price
$385,000
Current / Sold Value
$574,000
Growth
49.09%
Equity Gained
$189,000
ROC
268.16%
Rental Yield
6.37%
LVR
90%
Time to Settlement
2Years,4Months
Settlement Date
7 May 2024
Highlights
- ✓55.84% capital growth since purchase
- ✓$215,000 equity gained
- ✓305.05% ROC
- ✓6.37% rental yield