PHOTO: Carpenter Tom Ellul has bought a block of flats at Annerley as a long-term investment as Brisbane’s housing market booms. Picture: Mark Cranitch. Source: News Limited
AT the age of 28, Tom Ellul has made a move that could set him up to become a millionaire landlord.
The Brisbane carpenter has just bought himself a block of units in one of the hottest markets in the country — at a time when mega transport infrastructure projects such as Cross River Rail are underway and the city is the frontrunner to host the Olympic Games in 2032.
Queensland Premier Annastacia Palaszczuk and Minister for Sport Stirling Hinchliffe look at artist impressions for the rebuild of The Gabba in Brisbane, being the proposed main stadium should Queensland host the 2032 Olympic and Paralympic Games. Picture: NCA NewsWire/Dan Peled. Source: News Corp Australia
Mr Ellul has hit the jackpot with his purchase of a four-unit property in Annerley in the city’s inner south, joining a slew of savvy investors looking to buy unit blocks rather than house-and-land to expand their portfolios.
The offmarket deal for around $1 million has been described as “a really smart purchase” by Ben Smith of Place Estate Agents, who facilitated the sale.
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