Peter and Wilma's Journey
Referred by their financial planner, Peter and WIlma 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: $50,000 below market value
- Secured: after auction, below budget and in desired suburb
- Identified: $5,750 in hidden property repairs during due diligence period
- Settlement outcome: THE property settled with a tenant already signed to a ling term lease
- Bought May 2014: $480,000
- Value June 2015 : $515,000
- Capital Growth : 7.3% pa
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