Client Name: 
Kate 

Client Occupation:
Advertising Copywriter 

Client Location:
Sydney, Australia  

The Brief: 
Kate was looking for her first investment property. In the short term, Kate was looking to reduce her tax bill and over-time create equity in the property to purchase a home in Sydney.    

Purchase Reason: 
Investment Property

Property Address: 
Aspley, QLD     

About The Property:
3 Bed / 1 Bath / 1 car - 546m2   

This property presents really well and is the perfect first investment, there are only a handful of properties valued under $500,000 in the Aspley region. The surrounding area was full of nice, well-kept family homes and a noticeable amount of properties being renovated. The potential to add value to this property is not significant, although there is the possibility to extend out to create a larger living area and outdoor deck in the future. 

• 16.2km to the Brisbane CBD

• 10min walk to supermarket and shopping centre

• Purchased in a rising market

• In close proximity to bus and train stops

Purchase Price: 
$485,000

Purchase Method: 
Private treaty 

Did We Renovate: 
Yes

Renovation Spend: 
$10,000

We undertook some improvements such as a new front fence, increasing the height of the balcony railing to meet council code, removal of the back shed, wardrobes for each room, new window furnishings, and updated plumbing.

Renovation Time:
2 weeks  

Rent: 
$425.00/wk 

Gross Rental Yield: 
4.55%

Our Services:

• Detailed brief and confirmed requirements with a reverse brief to the client

• Presented research findings and suburb due-diligence with our recommendations

• Commenced search and viewed properties on behalf of our client

• Presented recommended properties with the key information and cash flows

• Set the auction bidding strategy

• Bid at the auction on behalf of the client

• Liaised with the client's solicitor and mortgage broker throughout the process

• Undertook a full renovation feasibility

• Presented extensive data to show the potential of the property post-renovation

• Recommended property managing agent

• Worked with the property manager to secure a tenant