Lee & Peter's Journey

Referred by their financial planner, Lee and Peter 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.

OUTCOME

• Negotiated price: market value
• Secured: off market, below budget and in the desired suburb
• Identified: no items of concern presented during due diligence period as the property was in excellent condition for its age
• Settlement outcome:  The property had increased in value by $71,000 within 3 weeks of purchase and before the property had settled.