Peter and Wilma's Journey
Referred by their financial planner, Peter and Wilma wanted to develop a property portfolio within their SMSF.
BRIEF
- SMSF Investor - After determining a capital growth strategy and working with a strict budget, searching commenced in a high performing cluster of suburbs.
- Buyers agents, Property Mavens was able to source a suitable property for SMSF investment for our clients in the Melbourne suburb of Maidstone
OUTCOME
- Negotiated price: $50,000 below market value
- Secured: after auction, below budget and in desired suburb
- Identified: $5,750 in hidden property repairs during due diligence period
- Settlement outcome: The property settled with a tenant already signed to a ling term lease
RETURNS
* MAIDSTONE
- Bought May 2014: $480,000
- Value Oct 2017: $700,000
- Capital Growth : 45.8% pa
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