Client result: Northgate, QLD
Custom build, Northgate, Brisbane
Purchased off the plan in December 2016 for $660,000, this northside Brisbane home is now valued at $1.3 million and rents for $800 per week.
The numbers
97% value growth
- Purchase price
- $660,000 (off the plan, December 2016)
- Current value
- $1,300,000 (PriceFinder, high confidence, July 2025)
- Rent
- $800 per week
- Rental yield
- 6.3%
Figures as published at the dates shown, from the sources shown. Past performance does not guarantee future results.
This one shows what a long hold does. Sourced in December 2016 as a block of land with a custom home design for a family trust investment strategy, the total package cost $660,000.
The build was delivered on time and on budget, and Northgate has grown strongly since. By July 2025 the home was valued at $1.3 million (PriceFinder, high confidence), almost double the purchase price, renting at $800 per week.
"Paul Merritt found us the perfect investment property opportunity for our family trust investment strategy. He sourced the block of land with a custom to fit house design, with a very competitive build price, that was delivered on time and budget. He even advised on the area, Northgate, which has seen huge growth since. He was honest, professional and direct and was looking out for our best interests through the entire process."