Client Background: Kerry and Sam are a couple in their late 30’s / early 40’s with a family income of $200,000 approx. They have two dependents.
Where they were: Kerry and Sam owned their home when they came to us. They had equity available to purchase one investment property. With tightening borrowing capacity this was their key chance to get into the market and they made gains entering the market
What was important to them: They wanted to build security and stability for their family long term. They also want to build something to provide their children in the future.
Here is what they purchased as part of the Property Twins Buyers Agency
Property Type: 4-bedroom, 3 bath house (future development site), 600+ sqm block (South East QLD)
Purchase Price: $600,000
Rent: $475 per week
Rental Yield: 4.11%
Vacancy Rate (Current): 0.4%
Cashflow: Positive
Current Value: $730,000
Capital Growth: $130,000 in 12 months
Metro / Regional: Metro – 26 km / 30 minutes’ drive from the CBD
Renovation Required: No work required
Due Diligence Completed:
- Leveraged qualitative & quantitative factors to determine location, type of property, cash flow and risk-based analysis to zero in on the right property.
- Discarded lemon deals presenting hazards and high risk (avoiding key mistakes)
- Deal negotiated with an established agency contact in our network after the property had fallen through with finance with another buyer
- Deal secured in a market with low stock, increasing prices and increasing rental yield
- The property is in an area with predominantly owner-occupied demand
To Get Started: Schedule A Chat with the Property Twins Team Join Our Exclusive Facebook Community of 6,000+ Property Investors: Property Addicts Australia Join our Exclusive Search & Select The Right Property in 90 Days 5-Day challenge
Note: Please ensure you always seek specific specific credit, tax, financial, legal or investment advice. Property Twins' Blogs are not a substitute for personal and specific, taxation, financial, legal or investment advice
