[Deal] SMSF Purchase: $100k+ Growth in 9 months + Changed Strategy: New To Established | Property Twins™
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In: Property Investors0

Client Background: Our clients Katie and Seb are corporate professionals who were looking to expand their property portfolio. They had done a couple of purchases in the past with two of these being brand new / off the plan properties their financial planners facilitated. The brand-new properties purchased didn’t see the growth that was hoped for and one even valued 20% lower than the purchase price!

They were encouraged to purchase further new properties; however, they sought visibility on the commissions received by their financial planners. They were not allowed this visibility.

Given the track record with the previous deals, Katie and Seb had decided the next purchase would be an established property.

This next purchase was done as part of their Self-Managed Super Fund.

What was important to them: They wanted a property which gave them capital growth over the longer term, that will put them ahead with growth and cashflow.

They purchased a 4 bed, 2 bed house in South East Queensland in a tightly held after owner-occupied appeal suburb.

Here is what they purchased as part of the Property Twins Buyers Agency

Property Type: 4-bedroom house, 2 bed, 2 car spaces (600+sqm block)
Purchase Price: $625,000
Rent: $490 per week
Rental Yield: 4%
Vacancy Rate (Current): 0.3%
Strategy: Capital Growth 

Current Value: $725,000
Capital Growth: $100,000 in 8 months since settlement

Metro / Regional: Metro – 33.6 km / 32 minutes’ drive from the CBD
Renovation Required: No

Due Diligence Completed:

  • Leveraged established networks & relationships with real estate agents to secure the deal, above other offers in a rising market.
  • 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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