Echo Property Group

9.56% gross rental yield and $135 more in weekly rent than forecast. 📈

This rooming house in South East QLD was completed recently, with gross rental income of $1,885 per week, compared with the original forecast of $1,750.

The client works away in the mines and wanted to grow his property portfolio without managing every part of the project himself. We supported him from acquisition, due diligence and negotiation through design, planning, construction and handover to a trusted property management team.

The project at a glance:

• Total project cost: $1,005,785
• 5 bedrooms | 5 bathrooms | 4 car spaces
• Building approval: 8 weeks
• Construction: 4 months
• Gross rental yield: 9.56%
• Estimated unencumbered net cash flow: $72,655 per year

The client is now working with Echo on his next investment.

If you’re considering a rooming house project, book a call with our team to talk through your options: https://loom.ly/77eQFlQ

A lot goes into bringing a property project to life - and behind so many of them at Echo is our incredible Project Administrator, Simone. ❤️

From the moment a client goes unconditional, Simone becomes the piece of the puzzle that brings the entire project together.

She liaises with clients, builders, and contractors; coordinates with our furnishing team and property managers; follows up on timelines; solves problems; and makes sure nothing gets missed along the way.

Anyone who has worked with Simone knows her attention to detail is impeccable.

But what makes her truly special is how much she cares.

On every project, Simone thinks about both our client and the property's end user. She brings the perfect balance of care, attention to detail and an incredible ability to get things done.

In fact, she’s been called an absolute “weapon” on more than one occasion by completely different people, which probably sums her up pretty well. 😂

Efficient, organised, proactive and always one step ahead.

For our clients, having Simone behind the scenes means they don’t have to coordinate all the moving parts themselves. They have someone making sure the right people are communicating, the details are being followed up, and their project continues moving forward.

And when she’s not keeping everyone at Echo organised, you’ll usually find her spending time with her family or opening her home to foster dogs — which tells you a lot about the kind of person she is. 🐶❤️

Simone, you are an absolute asset to Echo Property Group.

We are incredibly grateful to have you on our team and, more importantly, for supporting our clients and their projects every day.

We genuinely don’t know what we’d do without you. ❤️

$73,600* per year in net cash flow 🏡 Not bad for our client’s second project with Echo!

This time around, our clients wanted to do something a little different.

Rather than building the standard 5-bed, 5-bath rooming house designed primarily for single tenants, they wanted to maintain strong cash flow while creating a housing option that could cater to a broader demographic.

The result?

A custom-designed property featuring:
• 3 x one-bedroom apartments for single tenants
• 1 x two-bedroom apartment suitable for a couple, two friends or family members sharing

The floorplan was specifically chosen by our client to provide greater flexibility and meet a different housing need within the local market.

And the numbers speak for themselves.

• 5 bedrooms, 4 bathrooms and 5 car spaces
• Total project cost: $1,085,000
• Gross rental income: $1,900/week, or $96,900/annum (1 week vacancy allowance)
• Gross yield: 8.93%
• Unencumbered net cash flow: $73,600/annum*

PLUS
📋 Building approval achieved in just 6 weeks
🔨 Construction completed in 6 months

From purchasing vacant land through to a completed, income-producing property, the entire project was designed around a clear strategy.

It’s also the client’s second project with Echo. Their first project is performing well, generating around $80,000 a year of net income for their retirement.

Thinking about a high-yielding investment to set up your retirement? Book a call with the Echo team: https://loom.ly/77eQFlQ

*Unencumbered net cash flow is after all annual general expenses including, property management fees, rates, water, Wifi, insurance, electricity and maintenance.