Savvy Investment Purchase Achieving $250,000 In Equity Upon Settlement!
The Brief
Our astute investors entrusted us to source their very first investment property. Working with a tight budget, it was imperative they purchased right to set the foundation for their growing portfolio.
The Outcome
We purchased this brand-new property within close proximity to the city -completely off market. Buying brand new allows the client to receive full tax depreciation benefits throughout their ownership.
By the time the property settled, it had achieved $250,000 in growth during the construction stage! Since settlement, the property has grown by 40%p/a year on year.
Purchased $500,000
Rent upon settlement $700p/wk
Current Value $900,000 ($400,000 growth in 2 years)