Savvy Investor Achieves Growth of 17% Per Annum

The Brief

Our interstate investor wanted to buy a brand-new home in a high growth area, with a higher-than-average yield.

The Outcome

After significant research, we sourced a pre market vacant block of land in an established growing area just minutes to the university, multiple hospitals and the beach, as well as being located in a highly regarded public school catchment zone.

Before finalizing the land purchase, we negotiated a due diligence period to ensure a new build on that particular block would be feasible.  Once we were satisfied with our findings, we completed the land purchase, and project managed the build all the way through to appointing a property management service. The result was better than anticipated. 

Land Purchase $380k 
Total Build $320k 
Total Project incl holding costs $730,000
Valued upon completion at $800,000!
Rented upon completion at $750p/wk (5.3% gross yield + instant equity)
5 Years later - this property valued at $1.35m - that’s a growth of 17%p/a!

"GOES THE EXTRA MILE FOR HER CLIENTS
A truly professional Buyers Agent. Rebecca at Sims Buyers Agency goes through hoops to get the job done. Her high level of communication along with her never say never approach will win you over. A 5 Star experience"

- Selling Agent

“Rebecca from Sims Buyers Agency has been totally professional and respectful to me as a client. Wanting an investment property, I was unsure where to look or even where to start. After explaining my situation, Rebecca found me the right bit of land (before it went to market) and the perfect builder. The whole process has been very easy and professional, and I know when I want to increase my portfolio in the future, she will be my first point of contact.“

- Matthew (Purchaser)