Purchased: $700,000
Potential Rent: $540pw
Potential Yield: 4%
Return clients came to us wanting to purchase their first investment. We’d had our eye on this property as we thought it was a great option. We loved that it was low maintenance, renovated and in a duplex – so had the potential to abolish strata management fees. The price guide was $700,000-$770,000. Through negotiating the terms of sale, we were able to purchase the property for $700,000