Narelle's Journey
Referred by her mortgage broker, Narelle had been looking for a home in Melbourne for 18 months before engaging our buyer advocacy services. Working together we were able to help Narelle refine her home buyer brief, which allowed her to get clear on her needs, her financial goals and how much she actually needed to spend to secure her dream home.
By accepting our advice, Narelle revised her brief from wanting a 2 bedroom apartment in St Kilda to buying a single fronted 2 bedroom home in the tightly held suburb of Ripponlea, which represented excellent value for money and a fantastic asset from which to to leverage in the future **.
She understood after working with us that was imperative that her own home had strong underlying growth drivers, so that equity gains could be used to purchase more property in the future.
BRIEF
- Owner Occupier - To buy a property that was an underlying strong performing asset that she could leverage from to purchase an investment property at a later stage
OUTCOME
- Negotiated price: secured at auction
- Secured: within budget in Ripponlea
- Identified: $1,000 in hidden property repairs during due diligence
RETURNS
Bought March 2013: $ 715,000
Value December 2022: $ 1,700,000 *
Capital Growth : 138 % return in 9 years
** Narelle can now buy two investment properties with her capital gain.
WANT TO BUY A PROPERTY SIMILAR TO THIS ONE?
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