Asanthika
Asanthika was looking to purchase an investment property but had little idea of the location or property type. She was open to my suggestions of Albury Wodonga and we were working with a particular brief that required a rental return over 5.5% gross return.
BRIEF
Investor - The property needed to provide ongoing, long term capital growth with a high level of yield. The property had to be a desirable rental option to maximize rent return and minimize potential vacancies. She preferred something that was renovated where possible.
Property Mavens identified a location that matched their specific requirements and sourced a property that suited their brief and budget. We were able to successfully purchase the property at auction for a price well within the available budget and above our rental yield requirements.
OUTCOME
Purchased: $70,000 under the vendors initial asking price
Secured: at auction
Identified: no issues presented
Settlement outcome: settled
Returns –
Bought April 2023: $402,500
Current Value May 2023: $425,000
Capital Growth: not applicable yet
Rental Return: 6.1%
TESTIMONIAL
10/10 Anjay is a fantastic buyers agent whom I strongly recommend hands down. He is incredibly warm, knowledgeable, calm and efficient and you can really trust his judgement.
Anjay found me a property in less than 6 weeks, which met my tight criteria, and even managed to knock nearly $20k off the price.
He is very patient, and went out of his way to explain the process clearly and was very responsive to my questions promptly, even on the weekends. Anjay really does offer 5 star service at very reasonable rates. He is truely wonderful to work with. I was so impressed with his service, that I have no doubt that I will seek his assistance again and have recommended him to family and friends.
WANT TO BUY A PROPERTY SIMILAR TO THIS ONE?
As professional property buyers we know the difference between a bad property and a good one and where to buy to generate the strongest return on your money.
If you would like help to identify an 'investment grade' property like this one, whether it’s a family home or an investment property and you’re ready to get started, click here to book a time to discuss your requirements.
It’s 100% obligation free
