Noel & Jordan's Journey

Referred by their accountant, Noel and Jordan needed help to develop a property portfolio that would take them into retirement and beyond, buying it in their SMSF.

BRIEF

• SMSF Investor - The first of two properties, this was to be a cashflow property for the SMSF which also allowed for capital growth to be manufactured via costmetic renovation. Working with a low budget, the search commenced in a highly desireable regional location.

OUTCOME

• Negotiated price:  $25,000 below asking price
• Secured: In desired location with an appraisal of $280 per week rent (5.8% yield)
• Identified: $2,000 in hidden property repairs during due diligence. 
• Settlement outcome; $2,000 was rebated back to our client at settlement, due to the strict contract clauses we used.