Daniel & Sue
Daniel & Sue's objective was to find a property which represented a balance of yield and growth in line with their budget.
BRIEF
- Investor - After determining a capital growth driven investment strategy to generate equity over the longer term within 5-8 kms of the Melbourne CBD, in the West to Northern corridors. After searching through 9 specific suburbs for our clients we found the perfect property for our clients in Thornbury. Within 24 months the capital growth exceeded 20%.
OUTCOME
- Negotiated price: market value
- Secured: off market in a popular residential street within walking distance to transport & shops
- Identified: no items of concern presented during due diligence period
- Settlement outcome: The property settled with vacant possession
- RETURNS
- Bought Oct 2015: $721,000
- Value Oct 2017: $875,000
- Capital Growth : 21.3% capital growth in 24 months
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