Paul & Wendy SMSF
Congratulations to our latest Albury purchasers, Paul and Wendy.
Having purchased with Property Mavens previously for their 1st investment property in Ballarat they looked to engage in our Buyer Advocate services again to help them, this time for their SMSF. They were looking for a property that was going to provide long term growth but also a good yield as well.
BRIEF
Investor/SMSF - The property needed to provide ongoing, long term capital growth with a moderate yield as was for a Super Fund. The property had to be a desirable rental option to maximize rent return and minimize potential vacancies.
They preferred something that was already renovated or near newish where possible.
OUTCOME
Purchased: $50-70k under asking price and under our budget
Secured: on-market and secured with private negotiation
Identified: no issues presented during the due diligence process
Settlement outcome: settled
Returns –
Bought (July) 2023: $585,000
Current Value 2024: $670,000
Rental Return: 6.22%
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