Alan and Kristine wanted an investment grade property in Ballarat to diversify their portfolio and generate income , so engaged our Ballarat buyers agent services to help.
Investor - purchase a low maintenance property with the ability to add value in time while delivering a strong yield. We were able to successfully purchase this property delivering a strong 5% yield in what is a highly competative market.
Negotiated price: $10,000 under vendors quoted price
Identified: some issues presented during due diligence period for consideration so we negotiated repairs before settlement.
Settlement outcome: settled
Bought Feb 2019 for $314,000
Valued Aug 2022 for $475,000
Capital Gain 51% in 3.5 years ! Or 17% per annum average
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