Client Background: John and Mya are existing property investors. At the time of this purchase, they owned 2 investment properties and a home.
Where they were: They had previously purchased properties solely based on Domain, Real Estate & Google other websites. The physical appearance of the property and foundations of the suburb played a key role in their suburb/property selection.
They assumed growth opportunities and rental yield would same within an LGA rather than working out from reliable resources on individual suburbs and small pockets.
What was important to them: They wanted to ensure they made a purchase in an area with imminent capital growth utilising both qualitative and quantitative factors.
Having purchased few properties of their own, they were a little sceptical of Property Investors Academy’s learning outcomes. But after a couple of weeks in the program, they realised that they had blindsight on many important aspects of the property purchase process.
Here is what they purchased as part of the Property Investors Academy remotely
Property Type: 4-bedroom house
Purchase Price: $515,000
Rent: $480 per week
Rental Yield: 4.85%
Vacancy Rate (Current): 0.2%
Cashflow: Positive
Current Value: $670,000
Capital Growth: $155,000 in 9 months
Metro / Regional: Metro – 31.2 km / 29 minutes’ drive from the CBD
Renovation Required: No
How they accomplished this:
- Systematic approach leveraging the Property Investors Academy Framework – utilising AI technology, existing analysis tools & contacts
- 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)
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