This 776m2 (approx) block of land is situated on the corner of Farmer and Davey Street, and has electricity, sewage and water available to it. A couple of 50m2 tiny homes (approx $40,000 each) would be perfect to bring an income of approx $500/week when tenanted.
https://www.samedaygrannyflats.com.au/locations/cq/
The Math:
Investment: $110,000 (approx)
Income: $26,000 (approx)
Rates and Management Fees: ($6000)
Nett income: $20,000 (approx) per year.
Property Code: 1576
The size of Moura is approximately 408.3 square kilometres. It has 9 parks covering nearly 0.2% of total area. The population of Moura in 2011 was 1,898 people. By 2016 the population was 1,784 showing a population decline of 6.0% in the area during that time. The predominant age group in Moura is 30-39 years. Households in Moura are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Moura work in a machinery operators and drivers occupation. In 2011, 52.6% of the homes in Moura were owner-occupied compared with 50% in 2016.
Moura has 1,227 properties. Over the last 5 years, Houses in Moura have seen a 108.96% increase in median value, while Units have seen a 4.93% increase. As at 31 August 2024:
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