Debbie's Journey
Referred by her accountant, Debbie wanted to purchase a property that would generate capital growth over time and also provide a good rental income.
BRIEF
- SMSF Investor - After determining a capital growth strategy and working with a strict, moderate budget, searching commenced in a high performing cluster of suburbs ending in a property purchased in the sought after suburb of Newport, Melbourne.
OUTCOME
- Negotiated price: below budget
- Secured: before auction against strong competition
- Identified: no identified issues of concern during due diligence period
- Settlement outcome: The property was sold with vacant possession but a tenant was secured to move within 2 weeks of the settlement date due to the clauses we used.
RETURNS
- Bought Apr 2015 : $ 567,000
- Value Jan 2017: $ 725,000
- Capital Growth : 36.7 % pa capital growth in 21 months
- Testimonial: I recommend Miriam from Property Mavens as a buyers advocate in Melbourne who will deliver a successful result and be an excellent mentor during the process.
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Miriam is an excellent communicator and always promptly answered emails and phone calls. I found her approach and knowledge very professional and have confidence that she always acted with my best interests in mind. I am now the happy owner of an investment house in Melbourne for which a good tenant was found within two weeks of settlement date.
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