A $400K Purchase Turned Into $120K a Year at Seven Mile Beach
A $400K Purchase Turned Into $120K a Year at Seven Mile Beach
A $400K Purchase Turned Into $120K a Year at Seven Mile Beach
A $400K Purchase Turned Into $120K a Year at Seven Mile Beach
A real result, real numbers. Here's how an off-market purchase bought at close to a third of the suburb median became a projected $120K-a-year income property.
Jasper Advocacy | Case Study | 4 min read
8%
8%
8%
Gross Yield
$1M
$1M
$1M
All-In Investment
$120K
$120K
$120K
Projected Annual Income
$400,000 in. $120,000 a year projected. Here's exactly how we got there: the numbers, the strategy, and why Seven Mile Beach was the right call.
$400,000 in. $120,000 a year projected. Here's exactly how we got there: the numbers, the strategy, and why Seven Mile Beach was the right call.
The brief
The brief
The brief
The client wanted a short-term rental investment that could generate strong, immediate income without the six-figure holding costs of a mainland capital city purchase. Seven Mile Beach, Tasmania, a coastal pocket with strong tourism appeal and a suburb median well above the entry price we were targeting, fit the brief.
The client wanted a short-term rental investment that could generate strong, immediate income without the six-figure holding costs of a mainland capital city purchase. Seven Mile Beach, Tasmania, a coastal pocket with strong tourism appeal and a suburb median well above the entry price we were targeting, fit the brief.
The numbers
$400K to $420K purchase price
$1.4M suburb median at time of purchase
$60K conversion and preparation costs
$1M total all-in investment
8% gross yield
$120K projected combined annual income
The strategy
The strategy
The strategy
We sourced the property off-market, consistent with the 80% of our purchases that never reach the public listings, at close to a third of the suburb's median value. A $60K conversion budget brought it up to short-term rental standard: guest-ready presentation, the right layout for group stays, and positioning to capture Tasmania's tourism demand directly on the coast.
Tasmania recorded 1.36 million visitors in the year to September, up 4.1%, and Hobart's rental vacancy rate sits at just 0.7% as of June 2026, among the tightest of any Australian capital city.1,2 The timing and location were built to capture demand that's structural, not seasonal.
We sourced the property off-market, consistent with the 80% of our purchases that never reach the public listings, at close to a third of the suburb's median value. A $60K conversion budget brought it up to short-term rental standard: guest-ready presentation, the right layout for group stays, and positioning to capture Tasmania's tourism demand directly on the coast.
Tasmania recorded 1.36 million visitors in the year to September, up 4.1%, and Hobart's rental vacancy rate sits at just 0.7% as of June 2026, among the tightest of any Australian capital city.1,2 The timing and location were built to capture demand that's structural, not seasonal.
"The goal was never just capital growth. It was a property that pays for itself immediately, in a market with genuine tourism demand behind it."
"The goal was never just capital growth. It was a property that pays for itself immediately, in a market with genuine tourism demand behind it."
"The goal was never just capital growth. It was a property that pays for itself immediately, in a market with genuine tourism demand behind it."
Jasper Advocacy
Jasper Advocacy
The outcome
The outcome
The outcome
On a $1M all-in investment, the property is projected to generate $120K in combined annual income, an 8% gross yield, delivered through short-term rental positioning rather than a decade of waiting on capital growth alone. It is a repeatable result of the same off-market, right-property discipline behind our 11% average gross yield across completed purchases.
Full performance data for this property is internal, not a public listing. Book a call to see the breakdown.
On a $1M all-in investment, the property is projected to generate $120K in combined annual income, an 8% gross yield, delivered through short-term rental positioning rather than a decade of waiting on capital growth alone. It is a repeatable result of the same off-market, right-property discipline behind our 11% average gross yield across completed purchases.
Full performance data for this property is internal, not a public listing. Book a call to see the breakdown.
Sources
Sources
OpenAgent, Hobart property market profile, sourced from SQM Research, June 2026
Purchase price, conversion cost and income figures per Jasper Advocacy internal records, not publicly listed, shared with investors on request
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© 2026 JASPER ADVOCACY. ALL RIGHTS RESERVED
Start Your Investment Journey
Ready to explore your next property opportunity? Complete the form below and our team will be in touch to discuss the best strategy for your goals and investment budget.
© 2026 JASPER ADVOCACY. ALL RIGHTS RESERVED
Start Your Investment Journey
Ready to explore your next property opportunity? Complete the form below and our team will be in touch to discuss the best strategy for your goals and investment budget.
© 2026 JASPER ADVOCACY. ALL RIGHTS RESERVED