Client Background: Ken and Nelly are busy corporate professionals with two children. They were already investing in shares and wanted to diversify into property investment.
Where they were: They were concerned about making mistakes with correct property selection. They also wanted something with an upside. So even though they weren’t going to do anything to the property, longer term they could redevelop with multiple dwellings. They also wanted to buy something low maintenance (so a relatively young house)
What was important to them: Their goal was to work towards financial security, stability and control.
Here is what they purchased as part of Property Twins Buyers Agency
Property Type: 4-bedroom house
Purchase Price: $525,000
Rent: $480 per week
Rental Yield: 4.75%
Vacancy Rate (Current): 0.5%
Cashflow: Positive
Current Value: $750,000
Capital Growth: $225,000 in 14 months
Metro / Regional: Metro – 28.6 km / 31 minutes’ drive from the CBD
Renovation Required: No works required (set and forget buy & hold)
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)
- Future development (subject to council approval) checks ticked off along with the age of the property (which normally isn’t the case when buying properties with an upside)
If you are a first home buyer, upgrader, looking to refinance or to buy an investment property Book a Kickstart Call with the Property Twins Team
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