Client Background: Tom and Jane are corporate professionals. They were looking to purchase their first investment property.
What was important to them: Their goal was to set themselves up for the future by buying with focus on capital growth with their first investment property, ultimately working towards financial security, stability & control.
They purchased a bread-and-butter house on a decent block size around 733sqm. Since there have been several sales in the area in the mid to high 600’s.
Here is what they purchased as part of the Property Twins Buyers Agency
Property Type: 3-bedroom house in South East Queensland on 733sqm
Purchase Price: $611,000
Market Rent: $430 per week
Rental Yield: 3.6%
Vacancy Rate (Current): 0.2%
Strategy: Capital Growth
Current Value: $660,000
Capital Growth: $49,000 in 6 months
Metro / Regional: Metro – 30km / 30 minutes’ drive from the CBD
Renovation Required: Minor works required
Due Diligence Completed:
- Leveraged established networks with agents to secure the listing above other buyers
- 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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