Client Background: Tom and Claire are a young couple. Tom is a lawyer and Claire is an accountant.
Where they were: Tom and Claire didn’t own a home and they were looking to invest in a couple of properties.
What was important to them: The goal was to enter the market and establish security & stability by building an asset base. When they started the process, the market was rising fast.
This deal was purchased off market at around $65,000 less than what similar properties were selling for at the time.
Here is what they purchased as part of the Property Twins Buyers Agency
Property Type: 4-bedroom house, 2 bath, 2 car in South East Queensland
Purchase Price: $535,000
Rent: $510 per week
Rental Yield: 4.95%
Vacancy Rate (Current): 0.4%
Cashflow: Neutral
Current Value: $630,0000
Capital Growth: $95,000 in 10 months
Metro / Regional: Metro – 30.1 km / 31 minutes’ drive from the CBD
Renovation Required: Minor tidy up
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