Alice & Simon #3
Alice and Simon were seeking to establish their property portfolio by purchasing three properties .
BRIEF
- Investor - After determining a capital growth strategy, the minimum yield required and working to a strict budget, searching commenced in a high performing cluster of suburbs.
OUTCOME
- Negotiated price: below budget
- Secured: bought at auction and against strong competition
- Identified: no identified issues of concern during due diligence period
- Settlement outcome: Settled with a tenant in place
RETURNS
- Bought July 2015: $699,000
- Value Aug 2016: $790,000
- Capital Growth : 13 % pa capital growth in 13 months
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