Case Study · Mackay, QLD
Property in Mackay, QLD
Growth: 28.99%$123,600 Equity Gained158.75% ROC6.73% Rental Yield
The Story
Prime Pursuit Properties secured this property in Mackay, QLD for our client at $426,400. Since settling 21 months ago, the property has performed strongly. It has grown 28.99% in value, now worth $550,000 — an equity gain of $123,600. This represents a 158.75% return on the cash invested to date.
Purchase vs. Today
Purchase Price$426,400
Current Value$550,000
Funding Breakdown
Loan Amount$383,760
Deposit / Funds Required$42,640
Based on a 90% LVR at purchase.
Timeline
Settled
24 Dec 2024
Today
21 months later
≈ 16.6%/yr growth
The Numbers
Purchase Price
$426,400
Current / Sold Value
$550,000
Growth
28.99%
Equity Gained
$123,600
ROC
158.75%
Rental Yield
6.73%
LVR
90%
Time to Settlement
1Years,9Months
Settlement Date
24 Dec 2024