Lee & Peter
Referred by their financial planner, Lee and Peter wanted to develop a property portfolio within their SMSF.
- SMSF Investor - After determining a capital growth strategy and working with a strict budget, searching commenced in a high performing cluster of suburbs.
- 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.
- Bought Nov 2014: $670,000
- Value Jan 2017 : $900,000
- Capital Growth : 34 % capital growth in only 26 months
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