Dan
Congratulations to our latest Albury purchaser, Dan.
Dan lives overseas and was looking for a property to add to their investment portfolio. I had an initial budget of $650,000 and discovered a property that had a dual income element to it as was a 5-bedroom home split into separate accommodations upstairs and downstairs. Due to this, it created a lot more competition come auction day.
As a result we had to go over our initial budget by $5k to secure the property. The property has increased in value by more than $200k in 3 years and still has the upside of the value add component when the client chooses to.
BRIEF
Investor - The property needed to provide ongoing, long-term capital growth with a moderate yield and something we could add value to down the track.
OUTCOME
- Purchased: Auction
- Secured: On-Market with lots of competition
- Identified: No issues presented during the due diligence process
- Settlement Outcome: Settled
Returns
- Bought (May 2021): $655,000
- Current Value (2024): $875,000
- Rental Return: 4.9%
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