Corio, VIC
High-yield family home in an industrial-adjacent suburb with strong rental demand.
- Purchase price
- $480,000
- Valuation uplift
- +$85K
- Gross yield
- 5.9%
- Income
- $545 pw
The brief
A first investor prioritising cash flow over capital growth, wanting an asset that would be neutrally geared from the outset.
Why we bought it
- 01
Yield-led selection
Rental demand from nearby industrial and logistics employment supports a yield well above the state average.
- 02
Neutrally geared from day one
Modelled cash flow confirmed the holding cost would be covered by rent at current rates.
- 03
Undervalued relative to neighbours
Comparable sales in the immediately surrounding streets were 8–10% higher.
Asset detail
- Land area
- 550 sqm
- Configuration
- 3 bed · 1 bath · 1 car
- Year built
- 1968, renovated 2020
- Zoning
- General residential
- Vacancy rate
- 1.0% LGA
- Independent valuation
- $555K
The acquisition
- Step 1Cash-flow target set as the primary selection filter.
- Step 2Yield-focused suburbs screened against local rental demand drivers.
- Step 3Comparable sales confirmed the asset was priced under the pocket.
- Step 4Secured at $480,000, below immediate street comparables.
Outcome
Cash-flow positive from settlement; independently valued at $555K within the first year.